Why Nikola Stock Was Down This Morning

Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Thursday morning, amid a broad market decline as investors digested sobering reports of increasing numbers of COVID-19 cases from parts of the United States that reopened early.

As of 10:30 a.m. EDT, Nikola's shares were down about 6.4% from Wednesday's closing price.

U.S. coronavirus cases are still rising: There are now more than 2 million confirmed cases, with rising numbers in large states -- including Florida, Texas, and California -- that have moved to reopen their economies in recent weeks. 

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Source Fool.com