Is Nikola Stock a Buy?
Driving almost 24% lower since the start of the year, Nikola (NASDAQ: NKLA) has failed to keep pace with the S&P 500, which has risen almost 10%. Enthusiasm for the battery truck manufacturer has powered down considerably from where it was several years ago when the stock made its debut on the public markets.
The company encountered several bumps in the road, and the market has punished the stock recently, but that doesn't mean the shares can't reverse the trend and head higher. Many optimists believe now's a great time to add the electric-vehicle (EV) stock to their portfolios.
Let's take a closer look at both arguments to get a better sense of whether picking up shares now is a smart move.
Source Fool.com
