How Much Worse Can Things Get For Nikola?

Just when investors thought things couldn't get worse for would-be Tesla rival Nikola Motor Company (NASDAQ:NKLA), the cancellation of another big deal has added to the pile-up of bad news that has so far stripped over 80% from its share price since its peak on June 9th. Nikola, the EV truck and hydrogen cell maker that stunned everyone earlier this year, has seen another game-changing deal cancelled, this time with Republic Services, sending share prices down 10% Wednesday, with no reversal clear in after-hours or pre-market trading Thursday. …