Will Nikola Reach a Billion-Dollar Market Cap by 2025?
NKLANikola(NKLA) fool.com·2024-05-18 16:20

The electric-truck maker might be an interesting play for speculative investors. Nikola (NKLA -2.67%), a producer of electric semi trucks, saw its market cap hit 28.8billionasitsstockhititsrecordhighof28.8 billion as its stock hit its record high of 79.73 on June 9, 2020. But at the time of this writing, it trades at about 0.56asharewithamarketcapof0.56 a share with a market cap of 750 million. The stock collapsed after the company missed its own production estimates; its founder and former CEO, Trevor Milton, was convicted of securities and wire fraud; and it recall ...