Nikola Stock After Q2 Earnings: Finally Cheap Enough To Buy
NKLANikola(NKLA) Seeking Alpha·2024-08-12 23:51
David McNew/Getty Images News Investment Thesis Since my last piece in the fall, Nikola's (NASDAQ:NKLA) shares have largely continued on their downward slope. The company has been struggling to shake off years of setbacks and the overhanging cloud of crimes that Nikola’s founder and convicted felon, Trevor Milton, committed. Nikola's stock was in a consistent decline, dropping for nine consecutive sessions earlier this month and down approximately 19% at the low earlier this month. Despite the rally fol ...