Why Nikola Stock Is Slumping Today

Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Monday, as a good deliveries result from Tesla (NASDAQ: TSLA) failed to reverse a broader slump in electric-vehicle stocks. 

As of 11:45 a.m. EDT, Nikola's shares were down about 6.4% from Friday's closing price. 

There was no major news driving Nikola's shares lower on Monday. I think the decline is best seen in the context of what has been happening to electric-truck stocks, and the electric-vehicle category in general, since about the beginning of February. 

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Source Fool.com