Why Nikola Stock Got Crushed This Week
Nikola (NASDAQ: NKLA) has been making progress with growing sales of battery-electric heavy trucks and the coming launch of its hydrogen-fueled versions. Shares have steadily declined since the company announced it was raising $100 million by issuing common stock at a significant discount to the then-market price two weeks ago. PepsiCo is the first customer to receive the heavy electric trucks from Tesla.