Why Nikola Stock Is Lower Today
Shares of embattled electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Wednesday afternoon, after Bloomberg reported that a key executive has left the company. As of 3 p.m. EDT today, Nikola's shares were down about 5.7% from Tuesday's closing price. Bloomberg's Ed Ludlow reported that Jesse Schneider, who had been Nikola's executive vice president of technology, hydrogen, and fuel cells, left the company on April 1.