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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

What to expect from Nikola’s first ever earnings report?

Nikola shares surged as Deutche Bank issued short-term ‘buy’ rating ahead of earnings.

Source: Nikola

Electric truck start-up Nikola reports its first ever quarterly earnings on Tuesday 4th August after the US market close. Its shares already popped this week, rallying by more than 20% on Monday after Deutsche Bank issued a short-term ‘buy' rating on the stock. In terms of the earnings, analysts are expecting Q2 revenue of $60K and a loss per share of $0.14.

Nikola, also known as the ‘Tesla of trucking’, had its stock-market debut on 3rd June of this year, after a reverse merger with VectolQ. Since the IPO, shares in Nikola have had a volatile run. Nonetheless the stock has sparked international interest amid demand for electric vehicles combined with the launch of its upcoming battery powered Badger pickup truck, which began pre-orders on 29th June.

Aside from battery-electric vehicles (BEV), Nikola’s core business includes production of hydrogen fuel-cell electric vehicles (FCEV), and hydrogen stations. The company says it already has more than $10 billion in pre-order revenues.

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