Coinspeaker NKLA Stock Drops to New Lows, Wedbush Downgraded Nikola as Its Shares Are Too RiskyNKLA stock price dropped yesterday. The fall is largely attributed to the report which claimed that Nikola is "an intricate fraud built on dozens of lies over the course of its founder and executive chairman Trevor Milton's career." NKLA Stock Drops to New Lows, Wedbush Downgraded Nikola as Its Shares Are Too Risky