Nikola stock plummets to all-time low, faces delisting risk.

Nikola (NKLA) received a risk notification letter from Nasdaq, stating that the company is "not in compliance with the minimum bid price requirements." The electric truck maker's shares have closed below $1 each for more than 30 consecutive business days, putting it at risk of being delisted from the Nasdaq. Nikola has until November 20, 2023 to regain compliance by having its closing share price at least $1.00 for a minimum of 10 consecutive business days. The company has struggled to gain footing amid higher interest rates and challenges over the last several years, and its stock is down more than 72% year-to-date.