Shares of Nikola (NKLA), which specializes in manufacturing large commercial-grade electric vehicles, are sinking in Thursday's session. The EV maker's stock has dropped by nearly 30% intraday, while share prices have already fallen by 75% over the last year.

Market Domination Host Josh Lipton and Julie Hyman comment on Nikola's stock performance and its board's decision for a 1-for-30 reverse stock split.

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This post was written by Luke Carberry Mogan.