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Why Nikola Stock Is Down Today

TheMotleyFool

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Shares of electric-semi start-up Nikola (NASDAQ: NKLA) were trading lower on Wednesday on dilution concerns after the company announced a plan to redeem its publicly traded warrants by issuing millions of new shares.

At 1:30 p.m. EDT, Nikola's shares were trading at $37.21, down about 6.4% from Tuesday's closing price.

Nikola plans to begin building its electric semi trucks next year. Image source: Nikola.

Source Fool.com

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