Why Nikola's Shares Plunged 55.6% in July

Why Nikola's Shares Plunged 55.6% in July

Shares of hydrogen-powered truck company Nikola (NASDAQ: NKLA) plummeted 55.6% in July, according to data from S&P Global Market Intelligence. The volatile stock began the month at more than $67 a share but ended it at just $30. Nikola wrapped up a strong June by opening preorders for its fuel cell-powered Badger pickup truck.