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Unfortunate News for Nikola Stock Investors

By Parkev Tatevosian, CFA – Jun 22, 2024 at 10:20AM

The alternative energy trucking company's stock price crashed by nearly 30% following this announcement.

Fool.com contributor Parkev Tatevosian discusses what the latest development could mean for Nikola (NKLA 64.86%) stock investors.

*Stock prices used were the afternoon prices of June 19, 2024. The video was published on June 21, 2024.

About the Author

Parkev Tatevosian, CFA
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.
TMFParkev
X@TMFParkev

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.

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