https://wccftech.com/nikola-nkla-adds-to-its-losses-from-yesterday-as-gravity-seems-to-be-catching-up-with-the-icarus-stock/

Nikola (NASDAQ:NKLA), a relatively new entrant in the market for electric trucks, has seemingly done the impossible. Despite having not even a dime in revenue, the company’s market capitalization briefly eclipsed that of Ford! However, the reality now seems to be catching up with the stock’s scorching rally.

As an illustration, Nikola shares have tumbled by 16.12 percent in today's pre-market, trading around $54.53 as of 08:30 a.m. ET. This adds to the loss of 18.47 percent that Nikola recorded yesterday. The company’s market capitalization has collapsed to $23.46 billion.