1 Wall Street Analyst Thinks Nikola Stock Is Going to $0.50. Is It a Sell Around $0.58?
NKLANikola(NKLA) The Motley Fool·2024-05-10 00:34

The electric vehicle industry is struggling, and this company is struggling more than most. The electric vehicle (EV) industry has had quite a few struggles, and one of the biggest individual strugglers has been Nikola (NKLA 0.17%). Beset by a host of troubles, some of its own making, the battery EV (BEV) and fuel cell EV (FCEV) truck maker's shares have fallen into penny stock territory. At the beginning of May, one prognosticator tracking Nikola's stock cut his price target exactly in half. Interestingly, ...