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Barchart
Barchart
Wajeeh Khan

Nikola Just Filed for Bankruptcy. Analysts Were Still Betting on 650% Upside for NKLA Stock.

Electric vehicle (EV) stocks are in focus after Nikola (NKLA) succumbed to its ongoing challenges and filed for Chapter 11 bankruptcy protection on Wednesday, Feb. 19. 

While the announcement can hardly be dubbed a surprise considering the electric vehicle maker first revealed that it was exploring strategic options as early as October, it’s still significant given that NKLA was once worth more than Ford Motor (F). 

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