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3/29/2024, 5:45 PM

First HYLA Gas Station Drives Up Nikola Stock

Nikola turns the page: With the opening of the first HYLA filling station for hybrid trucks, the corporation makes a positive statement after years of headlines.

Nikola, the manufacturer of hybrid trucks, which in recent years gained attention primarily for negative headlines, was able to mark an important milestone recently: the opening of its first HYLA refueling station. After the company's stock briefly rose to over 65 U.S. dollars in the summer of 2020, it lost most of its gains within the same year and subsequently became what is known as a penny stock.

"Despite a sales increase in the fourth quarter of 2023, Nikola remained in the red, thus missing analysts' expectations. Additionally, it was revealed that Nikola has sold its electric pickup truck program Badger to Embr Motors, a company founded by Dave "Heavy D" Sparks, known from the show "Diesel Brothers"."

Despite these challenges, recent developments appear to be sending positive signals to investors. Since the beginning of the year, Nikola's stock has gained 3.92 percent on NASDAQ, with a remarkable increase of 11.70 percent on Wednesday alone and a total of 37.26 percent since the previous Friday.

The share price increased by another 14.40 percent to $1.0400 on the NASDAQ on Thursday. This positive price trend suggests that investors are giving the company new opportunities despite its past difficulties.

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