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Why Nikola Stock Is Down Today

TheMotleyFool

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Shares of electric-truck maker Nikola (NASDAQ: NKLA) were lower on Wednesday, after rivals Tesla (NASDAQ: TSLA) and Ford Motor Company (NYSE: F) clarified their plans for the upcoming electric trucks that Nikola hopes to challenge.

As of 12:15 p.m. EDT today, Nikola's shares were down about 10.7% from Tuesday's closing price.

First, a bit of context: While Nikola's shares were down 10.7% as of noon on Wednesday, they were still up almost 98% since Monday morning. It has been a very good week for the company's shareholders.

Source Fool.com

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