Nikola gains amid vague takeover speculation

Aug. 12, 2022 1:30 PM ETNikola Corporation (NKLA)TM, STLABy: Joshua Fineman, SA News Editor45 Comments

Man inserts a power cord into an electric car for charging in the nature

SimonSkafar

  • Nikola Corp. (NASDAQ:NKLArose 4.6% at least partly amid some vague takeover speculation about the electric vehicle maker.
  • Nikola was added to TheDeal.com's "Watch List" as the Inflation Reduction Act's package of climate related incentives is expected to be approved.
  • One expert told the publication that Nikola (NKLA) could be a logical target for automakers such as Toyota Motor (TM) and Stellantis (STLA), formerly Chrysler.
  • Nikola (NKLA) short interest is over 30%. Nikola shares have plunged 32% year-to-date through Thursday.
  • On Wednesday Nikola announced a CEO transition with Lohscheller to take over for the retiring Russell.

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