Nikola corporation ($NKLA) Stock Forecast: Down 36.5% Today

What is Nikola corporation?

Nikola Corporation (NASDAQ: NKLA) is an electric vehicle manufacturer known for its focus on hydrogen fuel cell technology. The company has faced scrutiny and challenges in the past.

Why is Nikola corporation going down?

NKLA stock is down 36.5% on Feb 7, 2025 18:06

• Nikola stock saw a significant decrease in value today.
• The discussion of bankruptcy, sale, or restructuring options by Nikola has generated uncertainty and a pessimistic outlook among investors.
• The potential bankruptcy filing and increasing losses have led to Nikola's sharp decline, despite once being valued at $30 billion in the EV sector.
• Previous controversies, including the Hindenburg report, have also played a role in weakening investor trust in Nikola's future performance.

NKLA Price Chart

NKLA Technical Analysis

NKLA News

What's Going On With Nikola Stock Friday? - Nikola ( NASDAQ:NKLA )

Nikola is currently considering bankruptcy, along with other options such as a sale or restructuring. The company is working with its law firm, Pillsbury Winthrop Shaw Pittman, to assess its choices.

https://www.benzinga.com/25/02/43567770/whats-going-on-with-nikola-stock-friday

Nikola, Once A $30 Billion EV Sensation, Struggles To Survive After Hindenburg Fallout And Mounting Losses - Ford Motor ( NYSE:F ) , Nikola ( NASDAQ:NKLA )

Electric truck maker Nikola Corp. NKLA, once a $30 billion company that surpassed Ford Motor Co. F in market value, is preparing for a potential bankruptcy filing, marking one of the most dramatic downfalls in the electric vehicle industry's history.

https://www.benzinga.com/markets/equities/25/02/43552668/nikola-once-a-30-billion-ev-sensation-struggles-to-survive-after-hindenburg-fallout-and-mounting

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Nikola corporation Price History

17.00.2025 - NKLA Stock was up 5.6%

• NKLA stock saw a 0.81% increase during pre-market trading today.
• The rise in NKLA stock could be linked to the cessation of a well-known short-selling entity that had previously raised concerns about Nikola.
• With this short-selling firm no longer active, investor worries about Nikola may have lessened, leading to increased confidence in the company's future.
• Boosted by the positive market outlook and improved sentiments towards Nikola after the discontinuation of the short-selling firm, NKLA stock experienced a bullish movement today.

18.10.2024 - NKLA Stock was down 5.2%

• Nikola's stock plummeted due to the recall of 72 of its BEV trucks, which raised concerns about safety and reliability.
• The recall was initiated because of a display failure issue that could potentially lead to a higher risk of crashes, shaking investor confidence in the company's products.
• This news likely sparked a sell-off as investors reacted to the potential negative impact on Nikola's reputation and future sales, contributing to the bearish market movement.

02.11.2024 - NKLA Stock was down 5.7%

• The downtrend in NKLA could be linked to heightened competition and pessimism in the electric vehicle industry, particularly due to the emergence of competitive players like Tesla.
• Recent developments, such as Elon Musk's xAI targeting OpenAI, may have prompted some investors to look towards companies believed to possess more advanced technology, potentially impacting NKLA negatively.
• Concerns regarding NKLA's competitive edge in the rapidly changing electric vehicle sector could be driving the stock sell-off among investors.

30.00.2025 - NKLA Stock was up 6.1%

• Despite recent challenges surrounding Nikola's financial status and a possible sale, the stock saw a positive upward trend.
• This increase in stock value may be linked to Mullen Automotive's expansion in U.S. battery production, incorporating new equipment from Nikola. This move potentially suggests positive advancements in Nikola's technology and collaborations.
• Investors seem to be considering the potential for Nikola to improve its financial position through partnerships or new funding, fostering increased confidence and a rise in stock value.
• The market's response could also indicate skepticism towards reports of bankruptcy or financial strain, triggering a positive sentiment among traders.

13.11.2024 - NKLA Stock was down 8.9%

• Nikola confirmed another round of layoffs, hinting at ongoing challenges and possible restructuring.
• The announcement of an Equity Distribution Agreement to sell up to $100 million of its common stock through an at-the-market offering might have increased selling pressure on the stock, resulting in the bearish movement.
• These recent developments indicate that investors are adopting a cautious approach towards Nikola's future outlook, leading them to sell shares and contributing to the downward trend in the stock price today.

10.11.2024 - NKLA Stock was down 5.4%

• Nikola shares experienced a strong bearish movement, dropping by 3.42% to $1.56.
• The announcement of an Equity Distribution Agreement with BTIG to sell up to $100 million of its common stock through an at-the-market offering likely contributed to the negative sentiment.
• Investors may be concerned about potential dilution of existing shares due to the stock offering, leading to a sell-off in the market.
• The market reaction suggests that investors are cautious about the implications of the stock offering on Nikola's financial position and future growth prospects, resulting in the bearish movement.

04.10.2024 - NKLA Stock was down 5.4%

• The stock of NKLA experienced a strong bearish movement today.
• The delay in returning the battery electric trucks that were recalled last year could have eroded investor confidence in the company's operational efficiency and reliability.
• Missing revenue and earnings estimates in the recent quarterly report may have disappointed investors, leading to a sell-off of NKLA shares.
• Despite the anticipation surrounding the upcoming earnings report, the negative outcomes from the previous quarter seem to have overshadowed any potential positive news, contributing to the bearish trend in NKLA's stock price.

23.00.2025 - NKLA Stock was down 23.0%

• NKLA stock experienced a strong bearish movement following hints at possible bankruptcy, leading investors to lose confidence in the company's future prospects.
• The significant decline in NKLA stock over the past year, losing over 94%, reflects ongoing challenges and uncertainties surrounding the company's operations and leadership.
• The negative sentiment towards NKLA could be exacerbated by the overall market conditions, with investors being cautious amid economic uncertainties and market volatility.

16.00.2025 - NKLA Stock was up 6.0%

• NKLA stock saw significant bullish movement on the most recent trading day.
• The cessation of a well-known short-selling company, which has previously targeted companies including Nikola, may have alleviated some negative sentiment and uncertainty surrounding NKLA.
• Investors might be more optimistic about NKLA's financial standing and future opportunities in light of the news about the closure of the aforementioned short-selling firm.
• This improved investor sentiment could have played a part in the positive movement of NKLA stock observed today.

24.00.2025 - NKLA Stock was down 19.4%

• Significant bearish movement in Nikola's stock was driven by the company exploring options to sell parts or the entire business to address financial difficulties.
• Concerns about Nikola's cash reserves being able to sustain operations only until the first quarter of 2025 intensified negative sentiment.
• Bankruptcy speculations and the notable drop in NKLA stock value over the past year were additional factors influencing the bearish market trend.
• The lack of investor trust stemming from uncertainty about Nikola's future and financial solidity resulted in a sharp decline in the stock price.

07.01.2025 - NKLA Stock was down 43.1%

• Nikola Corp. (NKLA) experienced a strong bearish movement due to reports of potential bankruptcy filing and mounting losses.
• The fallout from negative reports has significantly impacted investor confidence in the company.
• The struggles faced by Nikola highlight the challenges within the electric vehicle industry, despite its initial hype and high market valuation.
• The negative sentiment surrounding Nikola has overshadowed any positive developments in the electric vehicle sector, leading to a sharp decline in the stock price.

07.01.2025 - NKLA Stock was down 36.5%

• Nikola stock saw a significant decrease in value today.
• The discussion of bankruptcy, sale, or restructuring options by Nikola has generated uncertainty and a pessimistic outlook among investors.
• The potential bankruptcy filing and increasing losses have led to Nikola's sharp decline, despite once being valued at $30 billion in the EV sector.
• Previous controversies, including the Hindenburg report, have also played a role in weakening investor trust in Nikola's future performance.