Why Nikola Stock Is Getting Zapped Again Today
Shares of embattled electric-truck start-up Nikola (NASDAQ: NKLA) were sharply lower on Wednesday after reports that the company's talks with potential partners, including BP (NYSE: BP), have stalled in the wake of allegations that the company and its founder misled investors.
As of 2:15 p.m. EDT, Nikola's shares were down about 18.9% from Tuesday's closing price.
As first reported by The Wall Street Journal, Nikola's negotiations with several potential partners, including BP, about plans to build hydrogen refueling stations stalled after short-seller Hindenburg Research released a report casting doubt on the company's claims about its technology.
Source Fool.com
