Why Nikola Stock Fell Sharply After Earnings
Shares of electric-semi start-up Nikola (NASDAQ: NKLA) were trading sharply lower on Wednesday morning following the company's first quarterly earnings report since it went public in June. While Nikola's financial results were in line with Wall Street expectations, the company didn't make any big announcements during its earnings call, disappointing auto investors who had hoped for news that could drive the stock higher. As of 10:00 a.m. EDT, Nikola's shares were down about 8.4% from Monday's closing price.
