Should You Buy the Dip in Nikola Stock?

By Parkev Tatevosian, CFA – Dec 18, 2023 at 9:47AM

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

Nikola is grappling with a recall that is setting the company back millions of dollars.

Fool.com contributor Parkev Tatevosian reviews Nikola (NKLA 7.23%) and its recent troubles to determine if the fall in the stock price in 2023 is a buying opportunity for growth stock investors.

*Stock prices used were the afternoon prices of Dec. 15, 2023. The video was published on Dec. 17, 2023.

Parkev Tatevosian, CFA 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. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.