Nikola, as most of us know, is one of the companies expected to be a disruptive force in the trucking field when they announced that they were going to produce zero-emission vehicles.
How are they going to do that? By offering both pure electric and also hydrogen-electric powertrains.
But recently, there were quite a few things that have been going on for this company.
They went public just a few months ago, on the 4th of June. And just after 5 days, on the 9th of June, the stock price had more than doubled since they started trading.
By early August, the company was valued at around $13 billion.
Recently, there was a research report saying that Nikola is a fraudulent company and they are misleading their shareholders. Causing their stock price to drop 65% since their peak on the 9th of June.
So what's actually going on to this company? That's what we will find out in this episode.
