Shares of Nikola Corp. (NKLA) continued to climb in premarket trading on Monday, gaining 0.8%. The electric vehicle maker recently announced the appointment of Mary Chan as its new Chief Operating Officer, effective October 9th.
A Valuable Addition to the Nikola Team
Ms. Chan, previously a managing partner at VectoIQ, brings a wealth of experience and expertise to her new role. Having worked in both technology and transportation industries, she possesses a solid understanding of business operations, engineering, and management. Her appointment is expected to greatly benefit the Nikola team.
Recent Surge in Stock Price
Nikola Corp’s stock has seen a significant boost in recent days, with a staggering increase of 36.8% over the course of just two sessions. This surge was largely driven by the company’s announcement that it plans to deliver its first hydrogen fuel cell trucks by the end of the month.
A Bumpy Year for Nikola Corp
Although the stock remained relatively stagnant over the past three months, it has experienced a decline of 44.9% year-to-date. In comparison, the S&P 500 has seen a 15.9% increase this year.
Nikola Corp’s future now rests on the successful execution of its plans for hydrogen fuel cell trucks and the continued strategic leadership provided by its new Chief Operating Officer, Mary Chan.