Nikola (NASDAQ: NKLA) stock price has slumped to a record low even as the company continues to make progress. It has plunged by over 42% this year in line with the performance of other similar companies like Tesla, Nio, Lucid Group, and Rivian. Nikola has made some progressNikola’s share price has collapsed as concerns about its significant losses, demand, and balance sheet continued. Its net loss in the last quarter stood at over $147 million after it lost over $169 million in the same quarter in 2023. The company’s annual loss stood at over $966 million in 2023 from $784 million a year earli…