Nikola Corp. Shares Jump As Company Secures Supplies To Meet Annual Target

5/13/2024 2:11:32 PM

(MENAFN- Investor Brand Network) Electric-vehicle manufacturer
Nikola Corporation (NASDAQ: NKLA)
announced late last week that it had
secured sufficient supplies
of needed components to make good on its target to deliver 300–500 Tre battery fully electric trucks in 2024. This news caused the company's shares to surge by at least 7%.

The company, which started production of its EVs toward the end of March, revealed that it had shipped 11 trucks last month, notching its first shipments to clients. The truck manufacturer says its suppliers had made commitments to deliver all the components it needs during the manufacturing process this...

About BillionDollarClub

BillionDollarClub
(“BDC”) is a specialized communications platform with a focus on the biggest and brightest companies covered by IBN. It is one of 60+ brands within
the
Dynamic Brand Portfolio
@
IBN
that delivers :
(1) access to a vast network of wire solutions via
InvestorWire
to efficiently and effectively reach a myriad of target markets, demographics and diverse industries ;
(2) article and
editorial syndication to 5,000+ outlets ;
(3) enhanced
press release enhancement
to ensure maximum impact ;
(4)
social media distribution
via IBN to millions of social media followers ;
and (5) a full array of tailored
corporate communications solutions . With broad reach and a seasoned team of contributing journalists and writers, BDC is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists, and the general public. By cutting through the overload of information in today's market, BDC brings its clients unparalleled recognition and brand awareness.

BDC is where breaking news, insightful content and actionable information converge.

To receive SMS alerts from BillionDollarClub, text“Billion” to 888-902-4192 (U.S. Mobile Phones Only)

For more information, please visit

Please see full terms of use and disclaimers on the BillionDollarClub website applicable to all content provided by BDC, wherever published or re-published:
/Disclaimer

BillionDollarClub
Los Angeles, CA

310.299.1717 Office
...

BillionDollarClub
is powered by
IBN

MENAFN13052024000224011066ID1108207136

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.