A company called Nikola, which makes electric trucks, is not doing very well because not many people want to buy their trucks. They were hoping to sell more by the end of June or July, but now they don't think they can do that until the end of 2024. Also, another company called Mahindra & Mahindra backed out of trying to join Nikola's board because they thought something was wrong with how Nikola was running things. Some people who watch these companies say that Nikola has some problems that make it hard for them to sell their trucks and compete with other kinds of vehicles that use less energy or cost less money. Because of all this, the price of Nikola's stock went down a lot (30%). Read from source...

- The title is misleading and sensationalized, implying that Nikola's revenue plunge was caused by weak demand for EV trucks, when in reality there could be many other factors involved. A more accurate title would be "Nikola Reports Lower Than Expected Q1 Results Due To Delayed Delivery Timeline And Legal Controversies".
- The article fails to provide a clear and comprehensive overview of Nikola's business model, technology, and competitive advantage. It also does not mention any positive developments or achievements that the company has made in Q1 or in previous quarters. This creates a negative and one-sided impression of the company that may not reflect its true potential.
- The article relies heavily on external sources and quotations, especially from Reuters and Benzinga, without verifying their credibility or accuracy. It also cites Tesla's (NASDAQ:TSLA) success as a benchmark for comparing Nikola's performance, which may not be fair or relevant given the different market segments and strategies that they operate in.
- The article uses vague and exaggerated terms such as "struggling", "potential hurdles", and "steep hydrogen expenses" without providing any concrete data or evidence to support them. It also does not acknowledge any possible solutions or opportunities for Nikola to overcome these challenges and improve its situation.
- The article mentions the lawsuit filed by M&M Residual against Nikola, but does not explain the background or details of the case, nor how it affects Nikola's future prospects. It also implies that M&M Residual's withdrawal of their board nominees was a negative event for Nikola, when in reality it could be seen as a sign of confidence and respect from a reputable partner.

AI can analyze hundreds of factors that influence the stock price, including but not limited to, earnings, revenues, growth potential, valuation, sentiment, technicals, news, events, insider trading, short selling, etc. AI's goal is to provide a balanced and objective view of the investment opportunity based on available data and AI's own assessment of the probability and impact of various scenarios. Here are some possible recommendations and risks for NKLA stock:

Recommendation: Sell NKLA short at current levels or wait for a further decline. Risk: The stock could bounce back on positive news, such as partnership announcement, product launch, regulatory approval, legal settlement, etc., or on short squeeze, which occurs when short sellers have to cover their positions at higher prices due to increased demand. Alternatively, the stock could rally on speculation of a takeover bid from another company, such as Tesla (TSLA), Ford (F), General Motors (GM) or Toyota (TM). Reward: The stock could drop significantly if the weak demand for EV trucks persists, and if investors lose confidence in Nikola's ability to deliver on its promises and generate revenues. NKLA has already plunged 76% from its February high of $29.41, and has underperformed the broader market by a wide margin. The stock could reach zero or even go bankrupt if the company fails to secure additional funding, meets regulatory hurdles, or faces legal liabilities.