Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Nikola Stock Is Falling Today

TheMotleyFool

0 0

Why Nikola Stock Is Falling Today: https://g.foolcdn.com/editorial/images/740934/investor-holds-is-head-while-working-at-a-desk.jpg

The S&P 500 is off to an auspicious start this week. Shares of Nikola (NASDAQ: NKLA), however, aren't on the same road. Investors are pumping the brakes on the electric truck manufacturer after news that one of its vehicles caught fire over the weekend.

As of 11:05 a.m. ET on Monday, shares of Nikola had fallen 5.6%, recovering from their earlier decline of 14.8%.

Nikola announced yesterday that a truck at its Phoenix headquarters had caught fire. According to Reuters, the company said: "At approximately 2 pm today at Nikola HQ, one of the trucks that was previously damaged reignited. No one was injured and the fire was quickly contained."

Source Fool.com

Like: 0

NKLA

Share