Is Nikola the best penny stock to buy in March 2024?

Nikola (NASDAQ: NKLA) stock price continued its strong downtrend this week as sentiment in the EV industry worsened. It was trading at $0.6370 on Friday, bringing the YTD losses to 27.25%. It has crashed by more than 61% in the past 12 months and by almost 95% since going public.Nikola faces significant dilution risksCopy link to sectionNikola stock price has continued plunging amid more bad news for the EV industry. On Thursday, we reported that Fisker was considering bankruptcy as its cash burn continues. ...