Nikola Stock Is Down 66%, but Is It Poised for a Recovery?

By Travis Hoium – Sep 23, 2023 at 6:45AM

NASDAQ: NKLA

Nikola

Market Cap

$859M

Today's Change

(7.23%) $0.04

Current Price

$0.64

Price as of April 26, 2024, 4:00 p.m. ET

Electric and hydrogen trucks could still be a big market.

Nikola (NKLA 7.23%) has been through a lot as a public company, but it hasn't been able to build trucks profitably to scale the business. And now cash is becoming a problem. In this video, Travis Hoium goes through the company's operations and current cash challenge.

*Stock prices used were end-of-day prices of Sept. 20, 2023. The video was published on Sept. 22, 2023.

Travis Hoium has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.