Why Nikola Stock Is Down Today
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