Its not down too much. However, a short seller report issued by Hindengerg research called NKLA a big lie. How much is true, who knows. The short seller report is out there. Could have been leaked yesterday.
Well even the name is a scam. I mean it is clearly to attract more average Joes into the stock. The copy cat of a cardhouse is... a card house too.
NKLA is a vaporware and failure from the start, but it can last as long as people will buy into hype. Both the company and their “investors” are pure speculators, so they belong to each other. If you can “outspeculate” them then more power to you.
I bought GRWG starting at $8 to $13, churned my shares getting $20 and than Hidenburg puts a Hit Piece on GRWG. I was out because my friend Van said it was getting really expensive. Thank you for the head's up!
This is anecdotal evidence but I know someone who has dealt with the founder (in previous dealings)here in Utah and claims the founder is a total huckster.