Revenue Woes Drag Down Nikola (NKLA) Stock
NKLANikola(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 7.5million.Thatsafarcryfromthe7.5 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 ...