What's Going On With Nikola Corporation Stock Today?

Nikola Corp NKLA shares are trading lower by 4.6% to $1.04 Tuesday morning, despite a lack of company-specific news for the session. The stock may be experiencing weakness following last week's earnings report. The company last week reported disappointing sales results, primarily due to a lack of truck production and only 3 truck shipments in the quarter.

Despite receiving orders for 277 hydrogen fuel cell electric trucks and 47 battery-electric trucks, the company posted a large gross loss of $125.5 million, expanded EBITDA loss of $188.6 million and an adjusted EPS loss of 30 cents, missing consensus estimates.

Nikola also anticipates increased expenses due to a truck recall, which will raise the necessary capital to achieve profitability by 2025, according to Reuters.

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According to data from Benzinga Pro, Nikola has a 52-week high of $3.71 and a 52-week low of $0.52.