Electric vehicle sales have been disappointing for a while, with some startups disappearing and even Tesla Inc. having to cut prices. Despite this, Wall Street still sees plenty of upside potential in the industry, with Nikola Corp. being a notable focus for analysts.
Nikola Corp. has experienced a significant drop in stock price since its IPO, facing challenges like the founder's fraud conviction. However, the company aims to create zero-emissions solutions for commercial transportation and has received recognition for technology innovation.
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