Why Nikola Stock Is Slumping Today
Shares of electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Monday, as a good deliveries result from Tesla (NASDAQ: TSLA) failed to reverse a broader slump in electric-vehicle stocks.
As of 11:45 a.m. EDT, Nikola's shares were down about 6.4% from Friday's closing price.
There was no major news driving Nikola's shares lower on Monday. I think the decline is best seen in the context of what has been happening to electric-truck stocks, and the electric-vehicle category in general, since about the beginning of February.
Source Fool.com
