Nikola Corporation NKLA shares are trading lower Thursday. The stock is down more than 18% over the last five days.
What To Know:
Tesla TSLA and Rivian RIVN each reported third-quarter vehicle production figures recently with Tesla producing 430,488 vehicles, down from 479,700 in the second quarter and Rivian producing 16,304 vehicles, in line with expectations.
Nikola celebrated the launch of its hydrogen fuel cell electric vehicle last Thursday with production line tours and technology Q&As with Nikola engineers on hydrogen safety, the HYLA ecosystem and the Nikola human machine interface system.
According to data from Benzinga Pro, 20.35% of available NKLA shares are being sold short.
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NKLA Price Action: According to Benzinga Pro, Nikola Corporation shares are down more than 5% at $1.35 at the time of publication.
Image: Courtesy of Nikola Corporation
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