Nikola Corporation (NASDAQ:NKLA) shares are trading lower Friday, though the stock remains up more than 25% over the last five sessions. Here’s a look at what’s going on:
What To Know:
The company celebrated the commercial launch of the Nikola hydrogen fuel cell electric vehicle at its manufacturing facility with production line tours and technology Q&As with Nikola engineers on hydrogen safety, the HYLA ecosystem and the Nikola human machine interface system.
Steve Girsky, Nikola CEO, said, “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.”
Shares of NKLA are moving on heavy trading volume Friday. According to data from Benzinga Pro, more than 33 million shares have already been traded in the session, compared to its 100-day average of 92.215 million shares.
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NKLA Price Action: According to Benzinga Pro, Nikola Corporation shares are down 2.4% at $1.61 at the time of publication.
Image: Courtesy of Nikola Corporation
