The truck maker will have to find a way to raise its share price above one dollar within the next 180 days car auto cars
is facing a new setback. After trading below $1 for 30 consecutive days, the Nasdaq stock exchange issued a delisting notice to the company. At the time of writing, shares were trading for 59 cents a piece. Now, it has just 180 days to remedy the situation which might prove impossible.
The second week of April was the last time when Nikola’s stock sold for more than .99 cents. That wasn’t long after it issued a , in rare instances, fall off. It wasn’t long before it issued another recall of every Tre BEV truck it had made over the risk of unintended rollaway.on May 9th since it had outpaced demand. It didn’t help that it lost $169 million during the first quarter. Stock prices slid even further and now, the delisting notice puts Nikola even closer to the brink of demise. Despite that, the company seems optimistic about its future.
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