Nikola Corporation engages in the development and integration of energy and transportation solutions in the United States. The company operates in two business units: Truck and Energy. The Truck business unit develops and commercializes battery-electric (BEV) and fuel cell electric (FCEV) Class 8 trucks for the short, medium, and long haul trucking sector. It also offers hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, and energy storage systems. The Energy business unit develops and constructs a network of hydrogen fueling stations for FCEV customers. The company was founded in 2015 and is headquartered in Phoenix, Arizona.
IPO Year: 2018
Exchange: NASDAQ
Website: nikolamotor.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/7/2024 | Buy → Neutral | Bryan Garnier | |
| 5/16/2024 | $1.00 | Buy | Bryan Garnier |
| 4/9/2024 | Peer Perform | Wolfe Research | |
| 1/24/2024 | $2.00 | Outperform | Robert W. Baird |
| 5/10/2023 | $5.00 → $1.00 | Outperform → Market Perform | TD Cowen |
| 3/31/2023 | Buy → Neutral | BTIG Research | |
| 3/13/2023 | $3.00 | Equal-Weight | Morgan Stanley |
| 1/17/2023 | $7.00 → $5.00 | Buy | BTIG Research |
| 9/14/2022 | $12.00 | Neutral → Buy | BTIG Research |
| 2/25/2022 | $11.00 → $8.00 | Sector Perform | RBC Capital Mkts |
Record 88 wholesale deliveries of hydrogen fuel cell electric trucks in Q3, up 22% quarter over quarterFCEV Fleet adoption up 78% year-to-date, with 16 end fleets deploying Nikola FCEVs, 32 distinct end fleets across both powertrainsExpanded dealer network for the first time since launch of the FCEVReiterating our year-end volume guidance of 300-350 FCEVsPHOENIX, Oct. 31, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended September 30, 2024.
PHOENIX , Oct. 21, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, released their first-ever sustainability impact report today. Nikola's 2023 Sustainability Impact Report covers environmental and social impacts, reporting, and progress towards Nikola's sustainability priorities. According to the Environmental Protection Agency (EPA), the transportation industry causes an estimated 28% of direct U.S. greenhouse gas (GHG) emissions. Medium and heavy-duty t
Southern California-based dealership expands to include industry-leading Class 8 Nikola zero-emission trucks with the creation of their "NGT" division FONTANA, Calif., Oct. 10, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, has expanded in the southern Calif. market with the introduction of the "Next Generation Truck" (NGT) division of GTS Group as its newest sales and service dealer. The dealership, located at 14578 Valley Boulevard in Fontana, will se
PHOENIX, Oct. 3, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report its third quarter ended September 30, 2024 financial results and business updates on Thursday, October 31, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. To augment Nikola's engagement with its shareholders and strengthen communication with
PHOENIX, Oct. 2, 2024 /PRNewswire/ -- For Q3 2024, Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, wholesaled 88 Class 8 Nikola hydrogen fuel cell electric trucks, firmly within truck sales guidance of between 80 and 100 fuel cell units for the quarter. For the first three quarters of 2024, Nikola wholesaled 200 hydrogen fuel cell trucks, and 235 total since the truck went on sale in Q4 of last year. "This is a record sales quarter for Nikola, with 88 hydrogen fuel cell elect
Skilled transportation executive positioned to further company focus on zero-emissions trucking and hydrogen infrastructure solutions PHOENIX, Aug. 27, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of accomplished transportation executive Thomas "Tom" Schmitt as Chief Commercial Officer (CCO) of Nikola Corporation. As CCO, Schmitt will align Nikola's commercial efforts to scale the company's business. He will oversee the
Expansion supports growing demand for sustainable transportation solutions along the burgeoning "hydrogen highway" PHOENIX, Aug. 12, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, continues to deliver HYLA refueling solutions to support volume ramp-up for its Class 8 hydrogen fuel cell electric trucks in Southern Calif, just off of the 5 Freeway, one of the busiest truck routes in the U.S. Located at 13443 Freeway Dr. in Santa Fe Springs, Calif., this ne
Reported strongest topline in the history of the company, Q2 2024 revenue was $31.3M, up 318% from Q1Wholesaled 72 hydrogen fuel cell electric vehicles in Q2, exceeding the high-end of guidance, up 80% from Q1Created alternative revenue streams with our initial sale of regulatory creditsBEV "2.0" recall program on track for completion by year-end 2024PHOENIX, Aug. 9, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today reported financial results and business updates for the quarter ended June 30, 2024.
New station marks major step towards decarbonizing Canada's busiest commercial transport sector TORONTO, July 30, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, together with ITD Industries, opened the first commercial hydrogen refueling station for the heavy-duty transportation sector in Ontario. The station, located at ITD Industries' headquarters in Etobicoke, ON, is situated at 161 The Westmall, a pivotal location near Highway 401, Highway 427, and the Queen Elizabeth Highway (QEW).
PHOENIX, July 9, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report its second quarter ended June 30, 2024 financial results and business updates on Friday, August 9, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. To augment Nikola's engagement with its shareholders and strengthen communication with investor
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Bryan Garnier downgraded Nikola Corporation from Buy to Neutral
Bryan Garnier initiated coverage of Nikola Corporation with a rating of Buy and set a new price target of $1.00
Wolfe Research initiated coverage of Nikola Corporation with a rating of Peer Perform
Robert W. Baird initiated coverage of Nikola Corporation with a rating of Outperform and set a new price target of $2.00
TD Cowen downgraded Nikola Corporation from Outperform to Market Perform and set a new price target of $1.00 from $5.00 previously
BTIG Research downgraded Nikola Corporation from Buy to Neutral
Morgan Stanley initiated coverage of Nikola Corporation with a rating of Equal-Weight and set a new price target of $3.00
BTIG Research reiterated coverage of Nikola Corporation with a rating of Buy and set a new price target of $5.00 from $7.00 previously
BTIG Research upgraded Nikola Corporation from Neutral to Buy and set a new price target of $12.00
RBC Capital Mkts reiterated coverage of Nikola Corporation with a rating of Sector Perform and set a new price target of $8.00 from $11.00 previously
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Skilled transportation executive positioned to further company focus on zero-emissions trucking and hydrogen infrastructure solutions PHOENIX, Aug. 27, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of accomplished transportation executive Thomas "Tom" Schmitt as Chief Commercial Officer (CCO) of Nikola Corporation. As CCO, Schmitt will align Nikola's commercial efforts to scale the company's business. He will oversee the
Experienced CFO primed to take on new opportunities with zero-emissions trucking and hydrogen infrastructure solutions PHOENIX, March 4, 2024 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of an accomplished and highly regarded financial executive, Thomas "Tom" B. Okray, who has joined the company's executive team as Chief Financial Officer (CFO). "We are proud to welcome Tom as our CFO. Attracting someone of his caliber is a
Energy expert joins Nikola's Board as 2024 infrastructure business expands PHOENIX, Feb. 16, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of energy and infrastructure expert Carla Tully, to its Board of Directors. Over more than two decades, Tully has built a successful track record leading and scaling energy organizations across Fortune 150, private equity, startup, and government entities. Tully serves as the Vice Chair of Earthrise Energy's Board of Directors, a Board Director for Citizens for Responsible Energy Solutions Forum and
International energy executive with 30-plus years' experience takes HYLA reins PHOENIX, Feb. 2, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via its HYLA brand, announced the appointment of Ole Hoefelmann as President of the Nikola Energy division, effective February 5, 2024. A 30-plus year veteran of the hydrogen business, including decades in executive positions at Air Liquide and a stint at Plug Power, Hoefelmann most recently served as Nikola's Global Head of Infrastr
Former TravelCenters of America CEO and Managing Director strengthens Nikola's leadership team PHOENIX, Dec. 15, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of Jonathan Pertchik, a seasoned executive, to its Board of Directors. With over two decades of transformational leadership, Pertchik served as the CEO and Managing Director of TravelCenters of America (TA) and has demonstrated success in various capacities in real estate, investment groups and in startup environments.
Proven Financial Executive Brings Scaling and Public Company Experience, as Universal Hydrogen Hits Key Product Milestones Universal Hydrogen Co. today announced the appointment of Anastasiya "Stasy" Pasterick as its Chief Financial Officer. As CFO, Pasterick will lead all aspects of Universal Hydrogen's finance activities, including financial planning and strategy, capital raising, investor relations, financial reporting, treasury, and compliance. Pasterick will start at Universal Hydrogen on December 4, 2023. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231120881514/en/Universal Hydrogen Co. today announced the appointment
Experienced energy executive joins Nikola leadership team PHOENIX, Sept. 21, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via its HYLA brand, is proud to announce the appointment of Joseph S. Cappello as President of Nikola Energy, effective September 25, 2023. As President of Nikola Energy, Cappello will oversee all aspects of the company's energy business to support Nikola's customer base, including infrastructure, supply strategy, trading, technology, and development,
Experienced global executive to spearhead operations PHOENIX, Sept. 18, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via its HYLA brand, today announced the appointment of Mary Chan as Chief Operating Officer (COO), effective October 9, 2023. In her capacity as COO, Chan will lead the company's engineering, program, product, supply chain, and manufacturing teams. Her appointment aligns with the vision of President and CEO Steve Girsky to streamline decision-making process
More than 30 years of transportation and supply chain expertise joins Nikola's leadership PHOENIX, Aug. 31, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced the appointment of John Vesco, a seasoned multi-modal transportation expert, to its Board of Directors. With a career spanning more than three decades, Vesco's extensive executive leadership within prominent transportation and supply chain organizations, including Hub Group and Schneider, underscores his qualifications to contribute significantly to Nikola's strategic growth initiatives.
VOTE NOW by phone at (855) 935-2562, if in North America, or 1 (551) 210-9929 internationallyVote NOW online at www.proxyvote.comPHOENIX, June 7, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy infrastructure solutions, today announced that its 2023 Annual Meeting of Stockholders has been adjourned to July 6, 2023 at 1 p.m. Pacific Time to allow stockholders additional time to vote FOR Proposal 2. The requisite number of votes were received to approve Proposal 1, Election of Directors; Proposal 3, the Nasdaq Pr
PHOENIX, Oct. 3, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report its third quarter ended September 30, 2024 financial results and business updates on Thursday, October 31, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. To augment Nikola's engagement with its shareholders and strengthen communication with
PHOENIX, July 9, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report its second quarter ended June 30, 2024 financial results and business updates on Friday, August 9, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. To augment Nikola's engagement with its shareholders and strengthen communication with investor
Continued to execute our plan to ramp up hydrogen fuel cell electric trucks (FCEVs) in 2024Wholesaled 40 FCEVs in Q1, all designated for end fleets, exceeding high-end of guidance rangeMarked the second quarter of serial production of FCEVs; Program-to-date, Nikola has wholesaled 75 FCEVsGreen shoots in new markets like N.Y., meeting the demands of fleet users beyond Calif.Expanded HYLA's North American reach. During the quarter, we opened:HYLA hydrogen modular refueling stations in Ontario and near the Port of Long Beach, Calif.HYLA's first hydrogen refueling station in Alberta, Canada to support fleets along the busy Edmonton to Calgary freight corridorSeeing opportunities in constructive
PHOENIX, April 4, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report its first quarter ended March 31, 2024 financial results and business updates on Tuesday, May 7, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. To augment Nikola's engagement with its shareholders and strengthen communication with investors
Contends the Case for Significant Change in the Boardroom is Clear Following Years of Poor Corporate Governance, Operational Underperformance, Stock Dilution and Considerable Financial Losses Highlights the Destruction of Nearly 100% of Nikola's Value Since Chief Executive Officer Steve Girsky and Chair Steve Shindler Took Control in 2020 Notes That Group's Five Highly Qualified and Independent Director Candidates Possess Experience in Strategic Planning, Executive Leadership, Operations, Manufacturing and the Electric Vehicle Industry M&M Residual, LLC (together with its affiliates and the participants named herein, the "Concerned Stockholder Group," "we" or our "Group") owns approxi
PHOENIX, Jan. 23, 2024 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report is fourth quarter and full year ended December 31, 2023 financial results and business updates on Thursday, February 22, 2024. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. To augment Nikola's engagement with its shareholders and strengthen comm
PHOENIX, Oct. 9, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced it will report is third quarter ended September 30, 2023 financial results and business updates on Thursday, November 2, 2023. On that day, Nikola's management will hold a conference call and webcast at 10:30 a.m. ET (7:30 a.m. PT) to review and discuss the company's business and outlook. To augment Nikola's engagement with its shareholders and strengthen communication with i
PHOENIX, Aug. 29, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, today announced it will hold a "Fireside Chat" and Q&A session for stockholders with CEO Steve Girsky on Wednesday, September 13, 2023 at 4:30 p.m. ET (1:30 p.m. PT). Nikola will utilize a Q&A platform developed by Say Technologies to allow verified retail and institutional investors to submit and upvote questions. During the event, Girsky will address a selection of questions submitted. The platform will open
Michael Lohscheller to step down as President and Chief Executive Officer of Nikola Corporation and as a member of the Board of DirectorsStephen Girsky, Chairman of Nikola's Board of Directors, has been named successor, effective immediately, and will remain a member of the Board; Steve Shindler becomes Chairman of the Board PHOENIX, Aug. 4, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, today announced Michael Lohscheller will step down as President and Chief Executive Officer (CEO) of Nikola Corporation effectively immediately and as a member of the Board of Director
Nikola achieves strong quarterly sales for Nikola Class 8 battery-electric trucks, doubles retail sales vs. Q1Full financial results to be announced on Friday, August 4, 2023Momentum set for Q3 introduction of hydrogen fuel cell electric truckPHOENIX, July 5, 2023 /PRNewswire/ -- Nikola Corporation (NASDAQ:NKLA), a global leader in zero-emissions transportation and energy supply and infrastructure solutions, via the HYLA brand, announced its quarterly deliveries for its battery-electric truck, with wholesale of 45 trucks and retail of 66 trucks in the quarter ended June 30, 2023.
Electric vehicle stocks fell across the board, with the decline mostly due to the broader market pullback this week. Tesla, Inc. (NASDAQ:TSLA) extended its weekly declines ahead of next week’s earnings release. Here’s a run down on what happened in the EV space during the week: Tesla Raises Prices: The not-so-successful price-cutting strategy has been discontinued at least for now, with Tesla announcing $2,000 price increases for all variants of the Model S and Model X EVs in U.S. this week. The prices of these models were also hiked in Canada. The company, however, is persisting with its incentives and liberal financing options. Tesla influencer Sawyer Merritt reported that Tesla has
Most electric vehicle stocks advanced along with the broader market in the week that ended on July 12, catching up with market leader Tesla, Inc.’s (NASDAQ:TSLA) gain in the previous week. The Elon Musk-led company’s shares stumbled after a 11-session winning streak. Here are the key events that happened in the EV space during the week: See Also: Best Electric Vehicle Stocks Musk Tightlipped On Robotaxi Rumors: Tesla shares were going strong and completed a 11-session winning-streak on Wednesday but reversed course on Thursday, stung by a report that said the EV maker would push back the robotaxi launch event by two months. The stock fell over 8% during the session before recovering
Nikola Corporation (NASDAQ:NKLA) shares have experienced increased volatility this week. The stock is bouncing around Thursday after the EV maker announced it successfully regained compliance with Nasdaq listing rules. What Happened: In a new filing released Wednesday night, Nikola said it received written notice from the Nasdaq on Wednesday informing the company that it regained compliance with listing rules that require companies to maintain a minimum bid price of $1 per share. The news comes just weeks after Nikola enacted a 1-for-30 reverse stock split in an effort to raise its share price to comply with Nasdaq requirements near the end of June. The stock has been trending lower f
Nikola Corporation (NASDAQ:NKLA) shares are getting a bit of a lift in extended trading Wednesday after the company announced it successfully regained compliance with Nasdaq listing rules. What To Know: Nikola said in a new filing that it received written notice from the Nasdaq on Wednesday informing the company that it regained compliance with listing rules that require companies to maintain a minimum bid price of $1 per share. The news comes after Nikola enacted a 1-for-30 reverse stock split to comply with Nasdaq requirements near the end of June. The stock has been trending lower for the better part of the past two years, but it has perked up in recent trading sessions. The rec
Nikola Corp (NASDAQ:NKLA) shares have been volatile to start the week. The stock is trading slightly higher Wednesday after falling more than 7% on Tuesday. Here’s what you need to know. What To Know: Nikola shares have been trending higher on upward momentum since the company announced last week that it sold more trucks than it expected to in the second quarter. The EV stock added 16% on Monday and now appears to be trying to regain its footing after taking a breather on Tuesday. Nikola said it wholesaled 72 Class 8 hydrogen fuel cells trucks in the second quarter, which was above the high end of its truck sales guidance of 60 units. The company also noted that it wholesaled a total o
Nikola Corporation (NASDAQ:NKLA) shares are back at it again. The stock is rallying Tuesday after rising more than 16% on Monday, adding to gains of nearly 31% over the last week. Here’s a look at what’s going on. What To Know: Nikola shares continue to bounce back in July after the EV stock hit new all-time lows on continued weakness following a reverse stock split that went into effect at the end of June. Nikola shares are down approximately 60% since the start of the year. Nikola’s board recently approved the 1-for-30 reverse stock split to comply with Nasdaq requirements for continued listing. The recovery in shares of Nikola can be traced back to an announcement from last week
Shares of Mainz Biomed N.V. (NASDAQ:MYNZ) rose sharply in today's pre-market trading after the company announced submission for the FDA Breakthrough Device Designation for its next generation CRC screening test. Mainz Biomed shares jumped 16% to $0.5534 in pre-market trading. Here are some other stocks moving in pre-market trading. Gainers Pineapple Energy Inc. (NASDAQ:PEGY) rose 85% to $2.22 in pre-market trading. Pineapple Energy engaged Conduit Capital to provide structural internal support, staffing, and assistance with capital raising activities. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) shares rose 43.5% to $13.26 in pre-market trading after gaining 127% on Mon
Shares of Arhaus, Inc. (NASDAQ:ARHS) fell sharply during Monday's session. Jefferies analyst Jonathan Matuszewski downgraded Arhaus from Buy to Hold and lowered the price target from $22 to $16. Arhaus shares dipped 7.9% to $14.55 on Monday. Here are some other stocks moving in today’s mid-day session. Gainers Morphic Holding, Inc. (NASDAQ:MORF) shares jumped 75% to $55.72 after Eli Lilly agreed to buy the company for $57 per share in cash. Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) climbed 71% to $6.97 after jumping around 50% on Friday. SRIVARU Holding Limited (NASDAQ:SVMH) shares climbed 61.3% to $0.2549 after the company announced the deployment of advanced
Nikola Corporation (NASDAQ:NKLA) shares are trading higher Monday, and the stock gained more than 10% during Friday's session. Here's a look at what's going on. What To Know: Electric vehicle stocks drove higher last week after several companies reported better-than-expected second-quarter vehicle delivery figures. Tesla, Inc. (NASDAQ:TSLA) stock rallied more than 30% last week, driving much of the action. Nikola reported it wholesaled 72 Class 8 hydrogen fuel cells trucks in the second quarter, above the company's own estimate. Read Next: What’s Going On With Arm Holdings Stock? "We have maintained our 2024 momentum with solid wholesale numbers, new customers such as Walmar