shares of nikola corp nkla sank 42 in morning trading thursday after the electric vehicle maker disclosed that it has received from the nasdaq exchange a notice of noncompliance with the minimumbid listing requirement the nasdaq requires stocks to maintain a minimum bid price of 100 to remain listed while nikola’s stock has closed below 100 for the past 31 sessions through wednesday starting april 11 “based on the closing bid price of the company’s common stock for the 30 consecutive business days prior to the date of the notification letter the company does not currently meet the minimum closing bid price requirement” the company stated the nasdaq’s notice states nikola has until nov 20 to regain compliance which will require the stock to close at or above 100 for10 consecutive sessions the stock has tumbled 658 year to date while the gl x autonomous  electric vehicles exchangetraded fund driv has rallied 168 and the sp 500 spx has gained 78