Nikola, an electric truck startup, saw its stock price fly high as it went public and announced a deal with General Motors.
A damning short-seller report, however, pared some of those gains back to July levels.
Still, Wall Street analysts are firm in their convictions that the stock could rise more than 50%.
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Nikola, the high-flying electric-truck maker, hasn’t seen its stock price recover yet from the damage inflicted by a short-seller earlier this week, but that’s not for lack of optimism on Wall Street.
Analysts have largely been unswayed in their conviction about the startup, even after it corroborated some of Hindenburg Research’s allegations while rebutting its overall thesis. In analysts’ eyes, the stock could still have a 60% upside.
But that doesn’t mean things will be easy. The company hasn’t actually sold any trucks yet, and its $2 billion deal with