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Barchart

Aditya Raghunath

3 EV Stocks Analysts Like Better Than Nikola

Li Nikola NIO Li Auto Rivian NKLA Amazon

Electric vehicle (EV) manufacturer Nikola (NKLA) has burned massive investor wealth since it was first listed on the public equity markets a few years ago. NKLA touched record closing highs of $79.73 in June 2020 - the same month of its IPO - and is currently trading as low as $1.38.

That includes a 29% drop in the shares just this week alone, after Nikola said Monday that it was launching a $325 million bond offering - and issued a recall of over 200 battery-powered electric trucks due to safety issues, too.

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