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


  • Nikola Corp. (NASDAQ:NKLArose 4.6% at least partly amid some vague takeover speculation about the electric vehicle maker.
  • Nikola was added to'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.

Recommended For You

Comments (45)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.