Reported about 1 year ago
Nikola (NASDAQ: NKLA) is facing a significant drop in its stock price after announcing a reverse stock split in an effort to raise stock price and remain listed on the Nasdaq Stock Market. Despite recent orders for hydrogen-fueled electric trucks, investors reacted negatively to the split, with the stock falling over 30%. The company's decision reflects concerns about long-term listing and investor confidence in the underlying business, leading to uncertainties in the market.
Source: YAHOO