Nikola Corporation (NKLA) has been a topic of intense discussion on Reddit forums, with users expressing concerns about the company's financial health and future prospects. One user noted, "Market, at last understood that, #1 issue is running out of cash. Nobody will be interested in numbers (since they are losing money on anything they do)." This sentiment reflects a broader skepticism about Nikola's ability to secure additional funding, as another user pointed out, "Nikola has run out of options for finding more cash."
The discussions also touched on the company's recent stock performance, with some users highlighting its struggle to maintain value. A post mentioned, "It wouldn't be a Monday without a new all-time low," indicating a pattern of declining stock prices. Additionally, there was speculation about potential end-of-year announcements, with one user wondering, "Wonder what end of year good news they'll release... usually after close too."
Despite the challenges, Nikola's stock has seen a slight uptick, with the current price at $1.14, reflecting a 2.7% increase from the previous close of $1.11.