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Latest Update on Nikola Corporation Stock: What You Need to Know

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Latest Update on Nikola Corporation Stock: What You Need to Know

Shares of Nikola Corporation (NASDAQ: NKLA) are experiencing a slight decline in trading on Friday, despite the stock maintaining its upward momentum of over 25% in the past five sessions. Here’s the latest on what’s happening:

Commercial Launch of Nikola’s Hydrogen Fuel Cell Electric Vehicle

Nikola Corporation recently celebrated the commercial launch of its hydrogen fuel cell electric vehicle at its manufacturing facility. The event included production line tours and technology Q&As with Nikola engineers, covering topics such as hydrogen safety, the HYLA ecosystem, and the Nikola human machine interface system.

Steve Girsky, Nikola CEO, stated, “Today, we mark the official commercial launch of our advanced technology hydrogen fuel cell electric trucks into the North American marketplace. As we head into the fourth quarter, we are focused on delivering our trucks at scale and securing our position as pioneers in the hydrogen refueling ecosystem to support our customers.”

Increased Trading Volume

Shares of NKLA are experiencing heavy trading volume on Friday. According to data from Benzinga Pro, more than 33 million shares have already been traded in the session, surpassing its 100-day average of 92.215 million shares.

Current NKLA Stock Price

As of the time of publication, Nikola Corporation shares are down 2.4% at $1.61.

Image: Courtesy of Nikola Corporation