Here's why Nikola stock just crashed 46%
After years of decline, the heavy-duty electric vehicle (EV) maker Nikola (NASDAQ: NKLA) found itself on a major rollercoaster ride in mid-February 2025.First, on Tuesday, February 18, NKLA stock rallied more than 40% within a single session as it became known that one of Japan’s biggest brokerage firms – Nomura Holdings (TYO: 8604) – raised its stake in the company during the fourth quarter (Q4) to 9.3%.The rally, however, was not to last and Nikola shares plunged 46.94% in the final hours of the Wednesday ...