The market speaks: Nikola stock down 80% since all-time high
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Sep 24 2020 at 5:04 PM GMT
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- Traders continue to reject Nikola stock following the departure of its founder Trevor Milton, with shares in the electric vehicle rogue now trading 80% below its record high set in June.
- Nikola stock opened Thursday trade at $18.10, down 47% since Milton's resignation just four days ago.
- In terms of market value, traders reckon Nikola is now worth just $6.91 billion"' one-fifth of what it was at its peak.
- Tesla, the'original"EV company named after the famed inventor, is also struggling to maintain value.
- The Elon Musk-led carmaker has shed more than $126 billion from its market cap since its record… This story continues at The Next Web.
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- Published Sep 24, 2020 5:04 PM GMT