The Big Reason Nikola Stock Is Tumbling Today
Shares of Nikola (NASDAQ: NKLA) are in free fall today. Nikola is ending a joint venture in Europe and in a surprise move, making a huge business shift: It's deviating from its core business of electric trucks to focus elsewhere. Nikola produced 63 Tre battery-electric trucks in Q1 and delivered 31 units to dealers.