Ed Ludlow and Craig Trudell

Business, Technology, Fuel

Nikola Gets Valued at $34 Billion Before Gain Is Wiped Out

Signage is displayed outside the Nasdaq Market Site in the Times Square area of New York on May 12. Signage is displayed outside the Nasdaq Market Site in the Times Square area of New York on May 12. (Demetrius Freeman/Bloomberg News)

Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.

Ed Ludlow and Craig Trudell | Bloomberg News
June 9, 2020