Nikola drops 21%, and Deutsche Bank says the selling could continue

Nikola Motor Company
Source: Nikola Motor Company

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Shares of Nikola dropped 21.27% 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.