Nikola stock analysis: is NKLA a buy after plunging to a record low?
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Nikola (NKLA) stock has plummeted to a record low due to ongoing commercialization and balance sheet issues, dropping 87% this year with a market cap of over $200 million.
November 05, 2024 | 12:30 pm
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Nikola's stock has reached a record low, dropping 87% this year due to commercialization and balance sheet issues, with a market cap of over $200 million.
The stock's significant decline is attributed to ongoing commercialization challenges and balance sheet concerns, which are critical issues for investors. The drastic 87% drop this year and the record low trading level highlight the severity of the situation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100