The electric vehicle industry has had a remarkable run in the stock market in recent times and many of the stocks from the sector have delivered impressive gains.
One of those is Nikola Corporation (NASDAQ: NKLA) but recently the stock suffered a considerable pull back and it is the sort of situation in which investors need to consider if it could be a buying opportunity. In this regard, it is necessary to point out that the electric vehicle industry still has bright prospects.
The company is entirely focused on the electric truck space and those trucks can operate on either hydrogen fuel cells or batteries. The interest in electric vehicles has been going up at an impressive pace due to the need to fight the effects of climate change. More importantly, the policies of the Joe Biden administration are also an important factor with regards to optimism about the sector. Hence, investors could consider keeping an eye on the Nikola stock.
Biotech, Tech, and Crypto reporter
Anthony Gonzales brings 3 years of experience in helping grassroots, mid-sized organizations and large institutions strengthen their management and resource generating capacities and effectively plan for the future. He is also a mentor and professional advisor to artists working in all disciplines. He is the gold medalist from St. Marco University of Science and Technology in the Bachelors of Financial Management as well.