|Bid||8.94 x 3000|
|Ask||8.95 x 3000|
|Day's range||8.82 - 9.04|
|52-week range||7.95 - 23.75|
|Beta (5Y monthly)||1.08|
|PE ratio (TTM)||N/A|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
U.S. manufacturing would make certain vehicle models eligible for a tax credit under the Inflation Reduction Act, a $430 billion bill focused on lowering healthcare costs, promoting clean energy and increasing corporate taxes. Demand for electric vehicles has surged as countries worldwide chase cleaner transport options and seek to achieve net-zero carbon emissions targets to tackle climate change. Production of the Ocean sports utility vehicle (SUV) is slated to begin this November at contract manufacturer Magna International's Austrian unit.
Yahoo Finance autos reporter Pras Subramanian details a new report that found interest in electric vehicles is falling as gas prices keep declining.
Nikola is now bringing in meaningful revenue, and potential legislation could give it and other EV stocks another tailwind.