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Nikola could use the sale to raise desperately needed cash as it ramps up manufacturing.
Fool.com contributor Parkev Tatevosian discusses what shareholder approval to sell more shares could mean for Nikola (NKLA 7.23%) stock investors.
*Stock prices used were the afternoon prices of August 4, 2023. The video was published on August 6, 2023.
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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