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Why Former Market Darling Nikola Stock Has Been Nearly Cut in Half Since the Beginning of March

Why Former Market Darling Nikola Stock Has Been Nearly Cut in Half Since the Beginning of March

Shares of electric vehicle (EV) start-up Nikola Corporation (NASDAQ: NKLA) dropped 45.5% in value in March, according to data provided by S&P Global Market Intelligence. Early in March, Nikola stock was dragged down by market conditions. It was in early March that SVB Financial experienced its historic collapse.