Nikola's stock fell 10% after company lowered its production forecast

Nikola's shares (NKLA.US) fell sharply during today's session. A tense atmosphere has re-emerged around the electric truck manufacturer. The company lowered its production forecast for its first commercial, zero-emission vehicles. Previously it was expected that 600 electric trucks will be delivered this year, currently the company expects to deliver only 100 vehicles. The company says it is the result of a shortage of key components due to supply chain disruptions caused by the pandemic. In addition, the media has reported further inaccuracies in the previous statements of Nikola's founder Trevor Milton, which may further undermine confidence in the company.

Nikola's shares (NKLA.US) stock price fell 10% today. Currently, price is approaching an important level of support around $ 17.50, which is marked with previous price reactions. Break below this level could trigger a strong sell-off towards support at $13.50, where December lows are located. Source: xStation5

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Nikola's stock fell 10% after company lowered its production forecast

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