Shares of Nikola Corp. surged 10.7% toward a much than three-month precocious successful greeting trading Thursday, aft the electrical conveyance shaper reported a third-quarter nonaccomplishment than widened from a twelvemonth ago, but was narrower than analysts were expecting. That helped offset the disclosure that it has reserved a $125 cardinal nonaccomplishment arsenic its "best estimate" of a civilian punishment related to a Securities and Exchange Commission probe into securities fraud by Founder and erstwhile Executive Chairman Trevor Milton. The nett nonaccomplishment was $267.6 million, oregon 68 cents a share, aft a nonaccomplishment of $79.7 million, oregon 31 cents a share, successful the year-ago period....
Published: Nov. 4, 2021 astatine 10:07 a.m. ET
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