TSLA - Thinking of Buying Nikola Stock? Here's What You Need to Know
As investors have pushed the pedal to the metal on Tesla's (NASDAQ: TSLA) stock in 2020, driving shares up more than 250%, plenty of others have watched from the sidelines, wondering where they could find the next electric vehicle (EV) stock. Many investors found that stock in Nikola (NASDAQ: NKLA) -- a company that claims it's sitting on $10 billion in potential revenue.
Days after it began trading under its own ticker in June (following its merger with VectoIQ), shares of Nikola soared more than 135%. However, the momentum has slowed recently. Shifting into low gear over the past month, the stock has slid 49%. Does that mean that Nikola has been forsaken? No way. With the company set to report second-quarter earnings on Aug. 4, it's possible that some encouraging news could rev the shares back up. Of course, before investors hop aboard with the EV newcomer, there are some important things they should know.
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