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Why Shares of Nikola Are Down Today

TheMotleyFool

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Investors continue to process Nikola's (NASDAQ: NKLA) breakup with Republic Services (NYSE: RSG), and they don't like what they are seeing. Shares of the electric-truck manufacturer traded down 5.5% on Thursday and were off as much as 10% earlier in the session.

Nikola shares were under pressure on Wednesday after the company said its deal with Republic to develop and manufacture 2,500 waste and recycling collection trucks had fallen through. The company was flying high back in August when the deal was announced, but in the months since, the enthusiasm about the stock has collapsed.

Image source: Nikola.

Source Fool.com

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