Should You Buy Nikola Stock While It's Below $10?

This electric semi-truck maker faces a lot of near-term challenges. Why did Nikola's stock plummet more than 99%? Nikola went public by merging with a special purpose acquisition company (SPAC) on June 3, 2020. It attracted a lot of attention because it was carving out a niche in battery-powered (BEV) and hydrogen-powered (FCEV) electric semi-trucks. Nikola's founder and former CEO Trevor Milton, who handed the reins over to Mark Russell right before its public debut, was also convicted of securities and wi ...