Nikola the manufacturer of electric trucks started this week with a huge drop. Since the beginning of the week, the company's shares have fallen by more than 40%. The second trading day of the week ended with a 17% drop.
![Image source: Google Finance](/image/800/0/jjsTfNh44ihDjzCnZ0ekzbR2zSpZ0bARnEilgIc3.png)
At the premarket on Wednesday, the price partially recovered. Growth before the opening of trading was + 9.64%.
However, this does not stop Robinhood trading app's users. According to the Robintrack website, about 160,000 investors hold the company's shares in their portfolios.
![Image source: Twitter @richtechexec](/image/800/0/KjUDqMBulkN0Qx3GoAZNFXSAWQKhsrXRsbQj0Uyp.png)
Before that, the company's share price growth was phenomenal. The price flew up only based on expectations of the launch of a new electric truck. At the same time, the company did not even have a working prototype.
On 29 June, Nikola posted a press release about the launch of the specification for the electric truck platform. It must be added that the enterprise still does not even have a prototype of this model.