Nikola soared back above the $1 mark Thursday, in the wake of a fireside chat held by newly appointed CEO Steve Girsky to address key investor concerns.
Shares of Nikola Corp. soared back above the $1 mark Thursday, in the wake of a fireside chat held by newly appointed Chief Executive Steve Girsky to address key investor concerns.
Trading volume spiked to 179.6 million shares, compared with the full-day average of about 71.9 million shares, and enough to make the stock the third-most actively traded on the Nasdaq exchange. Girsky, who was named CEO on Aug. 4 after former CEO Michael Lohscheller stepped down due to a family health matter, said Nikola’s staff was “working around the clock” to obtain appropriate parts from suppliers.
Regarding production and delivery concerns, Girsky said while deliveries of battery-electric trucks have been paused, he assured investors it wasn’t a concern with respect to hydrogen fuel cell trucks.“We want you all to be aware that the battery-electric truck recall does not affect the production or deliveries of the fuel cell electric vehicle since it uses a different battery pack from a different supplier,” Girsky said.
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