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 Corp. (NKLA) PT Lowered to $5 at BTIG, 'Lowering 2023 Production Estimate'

January 17, 2023 5:48 AM EST

(Updated - January 17, 2023 7:17 AM EST)

BTIG analyst Gregory Lewis lowered the price target on Nikola Corp. (NASDAQ: NKLA) to $5.00 (from $7.00) while maintaining a Buy rating.

The analyst comments "Earlier this month, we attended CES (Consumer Electronics Show) where not surprisingly one of the biggest concerns from auto OEMs... More

Nikola (NKLA) Moves Battery Manufacturing to Coolidge, Ariz.

January 13, 2023 12:00 PM EST

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... More