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Why Nikola Stock Ran Out of Gas Today

TheMotleyFool

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Shares of electric truck maker Nikola (NASDAQ: NKLA) had been on a roll over the last month, but those gains hit a wall today. The stock has rocketed more than 30% higher since early March, and that includes a big drop today.

After dropping as much as 16.5% Tuesday morning, Nikola shares were still lower by 4.5% as of 11:25 a.m. ET. Some of that decline came as many electric vehicle (EV) sector stocks traded lower. But a fresh lawsuit involving the company's former chairman also is likely weighing on the stock today.

Source Fool.com

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