4:01 PM · 14 September 2020

Nikola stock tries to recover after short seller’s report

Nikola
Stocks
NKLA.US, VectoIQ Acquisition Corp
-
-

Nikola (NKLA.US) shares tumbled anew at the beginning of today’s session. However, as time goes by, bulls have managed to regain control and stock price bounced off key support level. At press time shares are up more than 3%.

Nikola shares have been losing ground in the past few days. The move was triggered by a short seller’s report indicating that the electric-truck maker was deceiving investors about its technology. Since September 9 shares have lost as much as 40%. Last week the company stated that allegations are false. Today the firm added that these misleading statements were designed to manipulate the market. 

The $29.50 area turned out to be key support level as Nikola stock managed to rebound. Nevertheless investors should still be prepared for further engagement between electric-truck maker and Hindenburg Research which released its challenging report. Source: xStation5

15 October 2025, 5:10 PM

TSMC Earnings Preview: Will the Key Semiconductor Supplier Surprise the Market?

15 October 2025, 3:05 PM

US Open: American Indices Rally on Anticipated End of Fed Balance Sheet Reduction

15 October 2025, 2:53 PM

Bank of America, Wells Fargo, and Morgan Stanley: Q3 2025 Earnings Overview

15 October 2025, 1:24 PM

Abbott reports no surprises in Q3, but tariff risks and lowered forecasts drag the share price down💡

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits