Nikola (NKLA) Bulls Beware of a Bearish Blow to the Stock Price

Nikola (NKLA) Bulls Beware of a Bearish Blow to the Stock Price

3 years ago
Anonymous $qOHwDUKgAF

https://wccftech.com/nikola-nkla-bulls-beware-of-a-bearish-blow-to-the-stock-price/

Nikola Corporation (NASDAQ:NKLA) was gearing up to challenge Tesla (NASDAQ:TSLA) on its home turf by unlocking the commercial viability and attractiveness of hydrogen fuel cells. This dream, however, is growing murkier at a fairly rapid clip, precipitated by a management that appears obsessed with maintaining lofty equity valuations.

Trevor Milton, the CEO of Nikola Motors, is certainly a man with the capability and the energy to lead his company to success. However, his performance over the past couple of days has been subpar at best. In fact, it was his deliberate ambiguity on Thursday, the last working day before the 04th of July holiday, that mothballed into a 13 percent plunge in the stock price.