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

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

Nikola Moves Battery Manufacturing to Coolidge, Ariz.

January 13, 2023 12:00 PM EST

Cypress, Calif. Production Facility to Close by July 2023

PHOENIX, Jan. 13, 2023 /PRNewswire/ -- Nikola Corporation (Nasdaq: NKLA), a global leader in zero emission transportation and energy supply and infrastructure solutions, today announced that it is moving its battery manufacturing from Cypress, Calif. to its Coolidge, Ariz. manufacturing facility. The move, which the company expects to complete by early Q3, brings Nikola's truck assembly, fuel cell power module assembly, and... More