Why Nikola Stock Slumped in December
NKLANikola(NKLA) The Motley Fool·2024-01-10 21:47

Shares of hydrogen and battery-electric truck maker Nikola (NKLA -6.57%) dropped 10% in December to end 2023 with a steep loss of 59.5%, according to data provided by S&P Global Market Intelligence. Nikola's order book for its Tre hydrogen fuel cell electric trucks is growing, but a recall of its battery-electric trucks is proving costly at a time when the company is already facing a cash crunch and raising money consistently. Nikola has plenty of problems at hand Nikola had previously estimated that it wou ...