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.
Nikola’s stock meltdown has taken shares back to where they started when the company went public. The company has only itself to blame.
Nikola stock is crashing, and founder Trevor Milton claims he knows why. Don’t believe him – or the company’s unrealistic projections.
Millennials have elevated Nikola to the most popular stock on Robinhood. The stock even surpassed Tesla, an old favorite on the trading app.
Nikola Corporation is being likened to Tesla despite having no revenue, barely any cash and plenty of competition.