Nikola, the electric vehicle startup with no functional or sellable product to back up its insane valuation, just got a reality check from JPMorgan. The Wall Street firm has warned investors of a pullback of the company’s sky-high share price — an action that pretty much guarantees that exact outcome. After catapulting into the stratosphere […]
The post JPMorgan Slams Brakes on Nikola’s Stock appeared first on The Truth About Cars.
via Autobuzz Today
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