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Stocks On The Move: Nikola shares nosedive

Yahoo Finance's Julie Hyman breaks down the stocks to watch Wednesday.

Video Transcript

JULIE HYMAN: We were talking a lot about the anticipation for the earnings from this electric-truck maker yesterday, but they did not meet those expectations, I should say, because the shares are trading down about 9% right now. They posted an $86.6 million loss last quarter.

The company says it's still on track to start production of its semi truck in the fourth quarter and then to produce 10,000 vehicles a year, but the stock is still up more than 200% year to date.

And a lot of analysts complained about the quarter. It wasn't clear. The company wasn't accurately or doing a good job of managing expectations. So those shares taking a big hit.