Where Will Nikola Stock Be in 5 Years?

Nikola's (NKLA -0.25%) stock has been nothing short of a catastrophe for its early investors -- with its share price down by a whopping 99.2% from its all-time high of around $80, reached in mid-2020. Over the last four years, this once-promising company has faced non-stop scandals and underperformance. But is Nikola doomed -- or can it turn its fortunes around in the next five years and beyond? Let's dig deeper. What went wrong for Nikola?Nikola was founded in 2014 and went public six years later. It aimed ...