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Nikola drops 18%, and Deutsche Bank says the selling could continue - CNBC

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Nikola Motor Company

Source: Nikola Motor Company

(This story is for CNBC PRO subscribers only.)

Shares of Nikola dropped more than 20% during Monday's trading session, and Deutsche Bank said large technical selling pressure could continue as early investors lock in gains.

However, the firm added that this could eventually create an "attractive entry point" since the company is one of the only ways for investors to gain exposure to a pure-play electric vehicle company.

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Nikola drops 18%, and Deutsche Bank says the selling could continue - CNBC
"selling" - Google News
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