Why Hyliion Holdings Stock Tanked 9% Today

Shares of Hyliion Holdings (NYSE: HYLN), the maker of electrified powertrain solutions for Class 8 commercial vehicles that began trading Oct. 1, suffered a steep sell-off Tuesday, closing the day down 9.2%.  

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Hyliion became public after its reverse-merger IPO into an already-listed special purpose acquisition company (SPAC), Tortoise Acquisition. But there was no news about the company today aside from a report in Barron's saying that more EV companies similar to Hyliion are coming to market soon.  

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Source Fool.com