Category: Nikola

GM Has Lost Over $400 Million in Nikola ‘Stake’ Since Fraud Claims
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GM Has Lost Over $400 Million in Nikola ‘Stake’ Since Fraud Claims

Nikola’s stock has taken a hit from the fraud allegations put out by a short-seller.The stock is now trading significantly below the value at which GM was to get a stake in the new energy carmaker.Securities regulators and federal authorities are investigating Nikola over claims of misleading investors.The stake that General Motors received in Nikola…

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Nikola Can Only Blame Itself for Punishing Stock Meltdown
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Nikola Can Only Blame Itself for Punishing Stock Meltdown

All of Nikola’s quarterly revenue came from a single customer – its founder. Weeks after a groundbreaking ceremony, there doesn’t appear to be any activity at the automaker’s Coolidge, Arizona plant site. Nikola stock is down by over 60% since hitting a record high in June. Nikola’s first-ever quarterly report as a public company was…

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Nikola Stock Is 35% Too Expensive – But Millennials Keep Piling in Anyway
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Nikola Stock Is 35% Too Expensive – But Millennials Keep Piling in Anyway

Nikola’s stock is roughly double the price at which it debuted earlier this month. The stock is “fully valued” – and then some – according to JPMorgan. Millennials love the stock to bits and aren’t fazed about predictions auguring a big decline. Nikola Corporation (NASDAQ: NKLA) has enjoyed an incredible month. The upstart automaker’s stock…

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