Why Hyliion, Lordstown Motors, and Workhorse Group Stocks Are Down Today
Shares of several companies involved with electric commercial vehicles were trading lower on Monday, after electric big-rig start-up Nikola (NASDAQ: NKLA) announced a deal with General Motors (NYSE: GM) that fell far short of investors' expectations.
Here's where things stood for these three companies as of 11:30 a.m. EST, relative to their closing prices on Friday:
Nikola's stock opened sharply lower on Monday after the company announced a tentative deal with GM, in which GM will sell hydrogen fuel cells to Nikola and assist with integrating the units into Nikola's electric semitrucks.
Source Fool.com
