My early investments into Nikola began very fruitful, then made a sharp 180. Damaging allegations made by short-seller Hindenburg Research derailed this electric vehicle(EV) company’s stock price for the worst. Fresh off of an announcement with General Motors to collaborate on a hydrogen powered pickup truck, Nikola gets hit with a scathing report shining a light on the owner/CEO’s overpromising to investors. EV shareholders in Nikola saw nothing but red and negative from mid to late September as the market price dropped from $50 per share to just over $19 per share. Until they can fix everything that’s going on with this nightmare fuel my verdict on Nikola is: stay away.
Take a look at chart below to see Nikola’s huge dip in less then a month to $19 per share.