Nikola Moves Battery Manufacturing to Coolidge, Ariz.

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Go back to Nikola Moves Battery Manufacturing to Coolidge, Ariz.

BTIG cuts Nikola (NKLA) to $5 as battery concerns continue

January 17, 2023 7:55 AM EST

BTIG reiterated a Buy rating and cut the price target on Nikola Corp. (NASDAQ: NKLA) to $5.00 (from $7) as ongoing challenges to battery manufacturing continues to be a concern. One of the biggest issues facing OEMs at the Consumer Electronics Show (CES) this month was related to current battery prices and the costs of battery metals.

NKLA brought battery production... More