Fool.com contributor Parkev Tatevosian discusses what the latest development could mean for Nikola (NKLA +0.00%) stock investors.
*Stock prices used were the afternoon prices of June 19, 2024. The video was published on June 21, 2024.
Unfortunate News for Nikola Stock Investors
By Parkev Tatevosian, CFA – Jun 22, 2024 at 10:20AM EST
OTC: NKLA
Nikola
The alternative energy trucking company's stock price crashed by nearly 30% following this announcement.
![Nikola_DiageoDHL[11] copy](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Feditorial%2Fimages%2F795204%2Fnikola_diageodhl11-copy.jpg&w=3840&op=resize)
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.
Stocks Mentioned
Nikola
OTC: NKLA
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*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
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