Fool.com contributor Parkev Tatevosian explains why news of the capital raise sent Nikola's (NKLA 0.83%) stock price crashing.
*Stock prices used were the afternoon prices of Dec. 6, 2023. The video was published on Dec. 8, 2023.
Why Nikola Stock Crashed After a Stock Sale Announcement
By Parkev Tatevosian, CFA – Dec 9, 2023 at 9:00AM
OTC: NKLA
Nikola
Market Cap
$1.4M
Today's Change
(-0.01%) $0.00
Current Price
$0.01
Price as of October 24, 2025 at 3:37 PM ET
Nikola will receive an estimated $300 million in the combination equity sale and convertible debt offering.
About the Author
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.