Why Nikola Stock Got Crushed Today

·2-min read
Why Nikola Stock Got Crushed Today

Battery and hydrogen fuel cell electric truck maker Nikola (NASDAQ: NKLA) reported its second-quarter financial update this morning, and investors are reacting strongly. At 11:45 a.m. EDT, Nikola shares were down about 7.7%, near its lows of the day. Nikola reported a net loss of $0.20 per share, which was better than expectations of a $0.29 loss.

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