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Why Nikola's Stock is Trading Lower Today

Why Nikola's Stock is Trading Lower Today

Nikola (NASDAQ: NKLA) shares are trading lower following a CNBC report suggesting two women filed sexual abuse complaints again the company's founder, Trevor Milton.

Milton recently came under fire after Hindenburg Research issued a short-seller report on Nikola alleging the company of fraud.

Although the stock traded lower, Milton stepped down from his role at Nikola earlier this month before the aforementioned abuse complaints surfaced.

Nikola is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure.

Nikola's stock was trading 7.36% lower at $17.88 at the time of publication. The stock has a 52-week high of $93.99 and a 52-week low of $10.27.


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