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Why Nikola Stock Reversed Course Today

TheMotleyFool

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Shares of electric commercial truck start-up Nikola (NASDAQ: NKLA) have been bouncing around this week. After jumping Tuesday, the stock reversed course today. Shares were trading down 6.5% as of 2:20 p.m. EDT.

The volatility comes as the concept of hydrogen fuel cell electric vehicles is getting more press. Yesterday, an announcement from Korean automaker Hyundai on the topic was widely reported by CNBC. Nikola has been developing both battery electric and hydrogen fuel cell electric semitrucks and plans to have its first one commercially available by the end of the year.

Source Fool.com

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