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NKLA Stock Price News: 14.38% Hike!

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Nikola Corporation (NASDAQ: NKLA)’s stock price increased by 14.38% as of April 22, 4PM EDT, Market close. The previous closing price as of April 21 was 10.29 and April 22’s opening price was 10.99. The volume was high, around 82,435,738.

 Nikola Corporation(NASDAQ: NKLA) is globally transforming the transportation industry.  Nikola Corporation(NASDAQ: NKLA)’s stock price has been low for the past five days. The 52 week’s range however is 9.37 – 93.99. The pre market price as of April 23,  6:58AM EDT  is  12.14(+0.37).

Nikola Corporation (Nasdaq: NKLA) (Nikola), through its Nikola Energy division, and TravelCenters of America Inc. (Nasdaq: TA) (TA-Petro), the largest publicly-traded operator/franchisor of full-service travel centers in the United States, have agreed to collaborate on the installation of hydrogen fueling stations for heavy-duty trucks at two existing TA-Petro sites. This collaboration is a first step for the parties to explore the mutual development of a nationwide network of hydrogen fueling stations. The collaboration is subject to negotiation and execution of definitive documentation acceptable to the parties.

The first two stations will be constructed at existing TA-Petro locations in California and are targeted to be commercially operational by Q1 2023. These stations are expected to accelerate adoption of hydrogen fuel-cell-powered commercial electric trucks. Paired with the expected 500-mile range of the previously-announced Nikola Tre fuel-cell electric vehicle, the launch stations will enable operations of zero-emission heavy-duty commercial vehicles in and around the greater Los Angeles region and north through California’s Central Valley.

The two hydrogen fueling stations under consideration for development by Nikola and TA-Petro will provide for an open fueling network available to any truck customer and will follow a common industry standard for heavy-duty fueling protocols, ensuring compatibility across all hydrogen fuel-cell truck manufacturers.

Nikola President of Energy and Commercial Pablo Koziner stated, “Today we announce an important advancement in enabling the growth of heavy-duty fuel-cell electric vehicles by partnering with a leader in commercial fueling sites and high quality customer services. Our collaboration in southern California will form a basis for building an expanded network of hydrogen fueling stations for Nikola vehicle customers and for industry use overall. This collaboration forms an essential part in delivering the hydrogen-based ecosystem required to advance zero emission solutions for commercial trucks.”

“This exploration into hydrogen supply expands on our commitment to provide customers the widest range of fuel and non-fuel offerings, and on our Mission to ‘return every traveler to the road better than they came,'” said Jon Pertchik, CEO of TA-Petro. “Through our new business unit eTA, we are positioning ourselves to facilitate the transportation industry’s shift toward alternative fuel offerings including hydrogen, a leading form of energy for Class 7 and 8 vehicles. We are excited about this first foray into the future of heavy duty, long-haul trucks and look forward to supporting our loyal fleet customers as they increasingly adopt decarbonization strategies.”

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