Nikola’s stock is tumbling as a series of scandals rock the renewable energy vehicle manufacturer. This is bad news for General Motors, which recently entered into an agreement with the company.
Nikola, which is facing fraud allegations, fell sharply on Monday after the company’s founder and executive chairman resigned.
Fraud claims against Nikola have battered NKLA stock and General Motors is now one of the losers holding the bag.
The deal between General Motors and Nikola Corporation gives the former a stake in the latter. GM gets paid to make cars for Nikola, too.
A fund just announced a short position in Nikola, alleging massive fraud. The claims raised sound eerily familiar to EV investors.
Nikola Corporation shares are one of the few bright spots in the market today, and its partnership with GM may pose a threat to Tesla.
Nikola’s stock meltdown has taken shares back to where they started when the company went public. The company has only itself to blame.
Investors are heading for the exits after Nikola posted its first quarterly earnings report, but Wall Street analysts are stressing patience.
Nikola sold off sharply Monday morning, but there is a strong reason to believe the stock could bounce back in the near future.
Half of the top ten stocks on Robinhood are EV stocks. Leading the charge is Tesla. Others include Nikola, Workhorse, Nio, and Plug Power.
Nikola stock is crashing, and founder Trevor Milton claims he knows why. Don’t believe him – or the company’s unrealistic projections.
Nikola is opening Badger truck pre-orders before showing a demo product. Tesla unveiled a prototype of a competing product last year.
JPMorgan thinks Nikola stock is crazy overvalued. But the upstart automaker continues to dazzle the millennial “investors” on Robinhood.
Millennials have elevated Nikola to the most popular stock on Robinhood. The stock even surpassed Tesla, an old favorite on the trading app.
Ford just announced concrete plans for their electric F-150, bringing Nikola’s stock back down to earth and exposing foolish investors.
Nikola Corporation is being likened to Tesla despite having no revenue, barely any cash and plenty of competition.
It’s called Nikola, and despite the stock’s massive $29 billion valuation, it’s never actually made a delivery. Not a single one.
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