Nikola Stock: Buy, Sell, or Hold?

The electric semi-truck maker still faces existential challenges.Nikola (NKLA -2.44%), a maker of electric semi-trucks, went public by merging with a special purpose acquisition company (SPAC) in June 2020. Its shares opened at $37.55 and more than doubled to an all-time high of $79.73 a week later. But today, Nikola's stock trades at less than $1.Nikola's investors fled as it broadly missed its own production estimates, its founder and former CEO, Trevor Milton, was convicted of securities and wire fraud i ...