If You Invested $2,000 in Nikola in 2020, This Is How Much You Would Have Today
Nikola (NASDAQ: NKLA) attracted a stampede of bulls when it went public by merging with a special purpose acquisition company (SPAC) on June 4, 2020. The electric semi-truck maker's stock opened at $37.55 on its first trading day, then more than doubled to its all-time high of $79.73 a mere five days later.
But today, Nikola's stock trades at just $0.75 a share. A $2,000 investment on its first trade would have briefly blossomed to over $4,200 before withering to just $40. Let's see why Nikola's stock collapsed and if there's any hope for an eventual recovery.
Image source: Nikola.
Source Fool.com
