NKLA - Why Nikola Stock Is Jumping So Far This Week
It's been a wild week for Nikola (NASDAQ: NKLA) . According to data provided by S&P Global Market Intelligence , shares were up a whopping 30.8% in the first four days of this week, but have fallen 9.2% in just the first few minutes of trading on Friday. Volatility continues with this electric vehicle (EV) start-up, and it looks like that will continue for a while.
Nikola reported earnings on Thursday, and as a company that's pre-revenue, the results weren't anything to write home about. The company lost $267.6 million in the quarter, and losses will likely continue for the foreseeable future.
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Why Nikola Stock Is Jumping So Far This Week