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<blockquote data-quote="Weather Man" data-source="post: 16689196" data-attributes="member: 137766"><p><h3><a href="https://seekingalpha.com/news/3765182-nikola-gains-after-updating-on-truck-production-sec-talks?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Nikola gains after updating on truck production, SEC talks</a></h3><p><a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA +4.60%</a>Nov. 04, 2021 9:19 AM ET<a href="https://seekingalpha.com/news/3765182-nikola-gains-after-updating-on-truck-production-sec-talks?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">1 Comment</a></p><ul> <li data-xf-list-type="ul">Nikola (NASDAQ:<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a>) says <a href="https://seekingalpha.com/pr/18545344-nikola-corporation-reports-third-quarter-2021-results" target="_blank">validation</a> of the Nikola Tre BEV is progressing with trucks now being test driven on public roads. Footage of the Nikola Tre FCV is available for <a href="https://twitter.com/nikolamotor/status/1450943156837515266" target="_blank">viewing</a>.</li> <li data-xf-list-type="ul">The zero emission vehicle maker plans says it has begun to build pre-series trucks in Coolidge, Arizona and continue to work "steadfastly" towards a commitment to deliver up to 25 trucks to dealers and customers by December. "The trucks will haul customer loads, gain real-world mileage accumulation, and in turn we expect to secure additional orders for 2022 volume and beyond," notes the company.</li> <li data-xf-list-type="ul">Nikola's (<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a>) Q3 adjusted EBITDA loss of $87.4M was better than the $101.4M loss anticipated by analysts. Nikola (<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a>) also says it is engaged with the SEC on resolving the ongoing probe and will look to get reimbursement from founder Trevor Milton.</li> <li data-xf-list-type="ul"><a href="https://seekingalpha.com/pr/18545344-nikola-corporation-reports-third-quarter-2021-results" target="_blank">Press Release</a></li> <li data-xf-list-type="ul">Nikola (<a href="https://seekingalpha.com/symbol/NKLA" target="_blank">NKLA</a>) and the Staff of the Division of Enforcement at the SEC have been engaged in discussions regarding a resolution of the SEC's investigation. The company expects that, if approved, the resolution would include a $125 million civil penalty paid in installments over time. Final resolution of this matter is subject to documentation satisfactory to all the parties, and completion of any settlement is contingent on a vote of the Commissioners of the SEC.</li> </ul><p></p><h3><a href="https://seekingalpha.com/news/3765148-tesla-and-hertz-are-still-working-out-details-on-the-electric-car-order?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain" target="_blank">Tesla and Hertz are still working out details on the electric car order</a></h3><p><a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA +1.24%</a>Nov. 04, 2021 8:49 AM ET<a href="https://seekingalpha.com/news/3765148-tesla-and-hertz-are-still-working-out-details-on-the-electric-car-order?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments" target="_blank">28 Comments</a></p><ul> <li data-xf-list-type="ul">Tesla (NASDAQ:<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) and Hertz Global (<a href="https://seekingalpha.com/symbol/HTZZ" target="_blank">OTCPK:HTZZ</a>) are reportedly working to hammer out <a href="https://www.wsj.com/articles/hertz-will-have-to-wait-for-teslas-just-like-other-buyers-11636028622" target="_blank">details</a> on how quickly the car rental operator can land its initial order of 100K electric vehicles.</li> <li data-xf-list-type="ul">Elon Musk has indicated on Twitter that Hertz (<a href="https://seekingalpha.com/symbol/HTZZ" target="_blank">OTCPK:HTZZ</a>) is unlikely to land a volume discount on the EV order.</li> <li data-xf-list-type="ul">It is a common practice for rental fleet vehicle orders to be negotiated by an automaker and rental car company even after the order is placed and announced, according to <em>The Wall Street Journal</em>. Sources indicate that Hertz is also considering purchasing electric vehicles from other manufacturers in addition to Tesla (<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>)</li> <li data-xf-list-type="ul">Shares of Tesla (<a href="https://seekingalpha.com/symbol/TSLA" target="_blank">TSLA</a>) are up 1.86% premarket to $1,236.30 and are 8.96% higher over the last week.</li> <li data-xf-list-type="ul">Shares of Hertz Global (<a href="https://seekingalpha.com/symbol/HTZZ" target="_blank">OTCPK:HTZZ</a>) are up 0.36% premarket to $31.92 and are 2.51% higher over the last week.</li> <li data-xf-list-type="ul">Shares of Avis Budget Group (NASDAQ:<a href="https://seekingalpha.com/symbol/CAR" target="_blank">CAR</a>) are down 2.05% premarket to $292.01 and are 72.00% higher over the last week.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16689196, member: 137766"] [HEADING=2][URL='https://seekingalpha.com/news/3765182-nikola-gains-after-updating-on-truck-production-sec-talks?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Nikola gains after updating on truck production, SEC talks[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/NKLA']NKLA +4.60%[/URL]Nov. 04, 2021 9:19 AM ET[URL='https://seekingalpha.com/news/3765182-nikola-gains-after-updating-on-truck-production-sec-talks?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']1 Comment[/URL] [LIST] [*]Nikola (NASDAQ:[URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL]) says [URL='https://seekingalpha.com/pr/18545344-nikola-corporation-reports-third-quarter-2021-results']validation[/URL] of the Nikola Tre BEV is progressing with trucks now being test driven on public roads. Footage of the Nikola Tre FCV is available for [URL='https://twitter.com/nikolamotor/status/1450943156837515266']viewing[/URL]. [*]The zero emission vehicle maker plans says it has begun to build pre-series trucks in Coolidge, Arizona and continue to work "steadfastly" towards a commitment to deliver up to 25 trucks to dealers and customers by December. "The trucks will haul customer loads, gain real-world mileage accumulation, and in turn we expect to secure additional orders for 2022 volume and beyond," notes the company. [*]Nikola's ([URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL]) Q3 adjusted EBITDA loss of $87.4M was better than the $101.4M loss anticipated by analysts. Nikola ([URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL]) also says it is engaged with the SEC on resolving the ongoing probe and will look to get reimbursement from founder Trevor Milton. [*][URL='https://seekingalpha.com/pr/18545344-nikola-corporation-reports-third-quarter-2021-results']Press Release[/URL] [*]Nikola ([URL='https://seekingalpha.com/symbol/NKLA']NKLA[/URL]) and the Staff of the Division of Enforcement at the SEC have been engaged in discussions regarding a resolution of the SEC's investigation. The company expects that, if approved, the resolution would include a $125 million civil penalty paid in installments over time. Final resolution of this matter is subject to documentation satisfactory to all the parties, and completion of any settlement is contingent on a vote of the Commissioners of the SEC. [/LIST] [HEADING=2][URL='https://seekingalpha.com/news/3765148-tesla-and-hertz-are-still-working-out-details-on-the-electric-car-order?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain']Tesla and Hertz are still working out details on the electric car order[/URL][/HEADING] [URL='https://seekingalpha.com/symbol/TSLA']TSLA +1.24%[/URL]Nov. 04, 2021 8:49 AM ET[URL='https://seekingalpha.com/news/3765148-tesla-and-hertz-are-still-working-out-details-on-the-electric-car-order?source=content_type%3Areact%7Cfirst_level_url%3Amarket-news%7Csection_asset%3Amain#scroll_comments']28 Comments[/URL] [LIST] [*]Tesla (NASDAQ:[URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) and Hertz Global ([URL='https://seekingalpha.com/symbol/HTZZ']OTCPK:HTZZ[/URL]) are reportedly working to hammer out [URL='https://www.wsj.com/articles/hertz-will-have-to-wait-for-teslas-just-like-other-buyers-11636028622']details[/URL] on how quickly the car rental operator can land its initial order of 100K electric vehicles. [*]Elon Musk has indicated on Twitter that Hertz ([URL='https://seekingalpha.com/symbol/HTZZ']OTCPK:HTZZ[/URL]) is unlikely to land a volume discount on the EV order. [*]It is a common practice for rental fleet vehicle orders to be negotiated by an automaker and rental car company even after the order is placed and announced, according to [I]The Wall Street Journal[/I]. Sources indicate that Hertz is also considering purchasing electric vehicles from other manufacturers in addition to Tesla ([URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) [*]Shares of Tesla ([URL='https://seekingalpha.com/symbol/TSLA']TSLA[/URL]) are up 1.86% premarket to $1,236.30 and are 8.96% higher over the last week. [*]Shares of Hertz Global ([URL='https://seekingalpha.com/symbol/HTZZ']OTCPK:HTZZ[/URL]) are up 0.36% premarket to $31.92 and are 2.51% higher over the last week. [*]Shares of Avis Budget Group (NASDAQ:[URL='https://seekingalpha.com/symbol/CAR']CAR[/URL]) are down 2.05% premarket to $292.01 and are 72.00% higher over the last week. [/LIST] [/QUOTE]
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