Betting on Nikola Stock? Why This EV Rally Could End in Tears.
Nikola(NKLA) Investor Place·2024-07-10 18:45
Last month, Nikola (NASDAQ:NKLA) shares cratered in price, following the announcement and completion of a 1-for-30 reverse stock split. However, so far this month, Nikola stock has been bolting out of the stock market junkyard.Since July 2, this fallen angel of an EV stock has bounced back from its lows, and has climbed back to double-digit prices. On that date, the hydrogen electric truck maker reported better-than-expected delivery numbers for the preceding quarter.Yet while this latest rally could carry ...