Nikola (NKLA) Should Opt for an Early Exercise of SPAC Warrants and End the Uncertainty That Is Crushing the Stock Price
https://wccftech.com/nikola-nkla-should-opt-for-an-early-exercise-of-spac-warrants-and-end-the-uncertainty-that-is-crushing-the-stock-price/
Nikola Corporation (NASDAQ:NKLA) rode a wave of investor euphoria in June as it was able to successfully peddle its ethereal business plans to retail investors. However, the stock’s recent performance has been nothing short of a disaster as reality seems to be catching up with fantasy.
As an illustration of the carnage, since the 01st of July, Nikola shares have tumbled by a whopping 40 percent, closing at $40.23 on Tuesday. In fact, it was the 17 percent plunge yesterday that prompted Trevor Milton, the Executive Chairman of Nikola Corporation, to jump into the fray with a commentary on the day’s price action. In a now-deleted tweet, Mr. Milton claimed: