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Why Nikola Stock Is Falling Today

John Rosevear, The Motley Fool
Why Nikola Stock Is Falling Today

Shares of electric-truck start-up Nikola (NASDAQ: NKLA) are trading lower on Tuesday morning since a key Wall Street analyst gave the stock a mixed review in a new note. As of 10:30 a.m. EDT, Nikola's shares are down about 10.8% from Monday's closing price. In a note on Tuesday morning, RBC auto analyst Joseph Spak initiated coverage on Nikola with the equivalent of a hold rating and a price target of $46.