Nikola stock slides 6% on new common stock offering

Nikola Corp. (NKLA.US) stock fell nearly 7% after the electric truck manufacturer announced $ 100 million common stock offering in a filing with the Securities and Exchange Commisssion. Nikola is planning to use the proceeds for general corporate purposes including, completion of the manufacturing facility in Arizona, development of commercial scale BEV and FCEV Class 8 trucks and hydrogen station infrastructure.

Nikola Corp. (NKLA.US) - yesterday buyers failed to break above resistance at $17.50 which is strengthened by long-term downward trendline. Stock launched today's session with a bearish price gap and broke below 50 SMA ( green line). If the current sentiment prevails, downward move could be extended to the $14.10 handle. Source: xStation5

24 October 2025, 7:00 PM

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Nikola stock slides 6% on new common stock offering

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