Written by Cláudio Afonso | LinkedIn | X
The Autonomous & Electric Vehicles ETF from Global X filed a new SEC form disclosing that reduced its stake in Nikola by 14.01% in May. In the same period, the ETF also trimmed the position in the EV maker Lucid Motors.
As of the end of the second quarter, the ETF was holding 7,580,959 Nikola shares valued at more than $58.2 million. Previously, in the first three months of the year, holdings reached over 8,81 million shares in the company.
According to data from Fintel, the most substantial increase occurred in the first quarter, where the holdings surged by 130.91%, adding 4,998,122 shares to total 8,816,130 shares.
The Arizona-based company sold 72 units in the second quarter, bringing its total sales for the first half of the year to 112 units.
Global X’s Autonomous & Electric Vehicles ETF first added Lucid shares in the third quarter of 2021 buying 737,126 shares valued at $7.69 million.
Last week, an enthusiast from hydrogen and battery-electric truck manufacturer shared three pictures, showing around 20 trucks parked at J.B. Hunt’s headquarters.
J.B. Hunt, one of the largest supply chain solution providers in North America, is rumoured to be buying additional Nikola trucks following the order announced one year ago.
In July 2023, Nikola announced that J.B. Hunt ordered 10 battery-electric and three hydrogen fuel cell trucks with the delivery of the vehicles planned for one month later.
Earlier in the week, Nikola opened the first commercial hydrogen refueling station in Ontario, Canada. The station was opened together with IT industries, Nikola‘s first dealer partner in the country.
In March, the company inaugurated its first HYLA high-pressure refueling station in Southern California. The Nikola followed up with the opening of a second station in the region two months later.
In July, as the company continues expanding its infrastructure across U.S. and Canada, Nikola’s station located in California achieved a record day by refuelling 28 trucks and dispensing over 850 kg of hydrogen.
Trevor Milton, the founder and former CEO, has recently discreetly quitted his $1 billion lawsuit against several executives of the Arizona-based company.
Written by Cláudio Afonso | LinkedIn | X
