CFRA VP and Equity Analyst Garrett Nelson joins Yahoo Finance Live to talk about Tesla's position in the auto industry, brand loyalty by consumers in the EV space, competition with the Ford F-150 Lightning and the Cybertruck, and the impact of CEO Elon Musk's interest in Twitter on the EV developer.
Nikola (NKLA) closed at $5.61 in the latest trading session, marking a -1.06% move from the prior day.
Notable business headlines include the FDA investigating the death of an infant who consumed formula by Abbott Laboratories, Tesla CEO Elon Musk calling his factories “gigantic money furnaces” as firestorms surround the company, and former Nikola Motors CEO Trevor Milton being charged with wire fraud.