Revenue Woes Drag Down Nikola (NKLA) Stock
Nikola(NKLA) InvestorPlace·2024-05-07 23:10
Nikola (NASDAQ:NKLA) stock is falling hard on Tuesday after the electric vehicle (EV) company reported revenue that was nowhere close to Wall Street’s estimates.Nikola’s Q1 earnings report includes revenue of $7.5 million. That’s a far cry from the $15.79 million in revenue that Wall Street was hoping for during the quarter. It’s also a drop from the $10.68 million reported in the same period of the year prior.It’s worth noting that this drags down NKLA stock today despite the company’s adjusted EPS of -9 c ...