Connect with us

Hi, what are you looking for?

Investing

Nikola’s stock turns lower after revenue miss and production pause

Shares of Nikola Corp. slumped Tuesday, reversing an early rise, after the electric-vehicle maker missed first-quarter revenue expectations and said it would pause production to modify its Arizona assembly line in order to refocus its business on hydrogen-fuel-cell trucks.

The company also reported a wider adjusted loss that matched expectations but marked the first time it didn’t beat bottom-line forecasts in nearly three years.

The…

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Play at the best online casino for real money to benefit from awesome games, massive bonuses, secure banking, and much more. You have loads...

News

Embark on an exhilarating journey for casino enthusiasts seeking seamless gaming experiences. Dive into a diverse array of classic and contemporary casino games effortlessly....

News

Ставки на спорт и азартные игры привлекают миллионы людей по всему миру. Однако многие из них не осознают, как сильно эмоции могут влиять на...

News

Pokerdom Casino is an online casino home to many of the best software providers, so players will have plenty to choose from when it...