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Why Nikola Shares Dropped Today

TheMotleyFool

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Battery- and hydrogen-powered electric truck maker Nikola (NASDAQ: NKLA) released a slew of new developments this week, including an important partnership today. But the stock has still dropped by more than 34% in the last month. That includes a 3% drop today as of 2:50 p.m. ET.

In just the past three days, Nikola has announced a partnership to expand the use of electric Class 8 heavy truck fleets, the 100th sales order for its Tre hydrogen fuel trucks, and today the intent to purchase hydrogen production equipment for those fleets from Chart Industries.

Source Fool.com

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