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Nikola’s stock turns lower after revenue miss and production pause

Shares of Nikola Corp. slumped Tuesday, reversing an early rise, after the electric-vehicle maker missed first-quarter revenue expectations and said it would pause production to modify its Arizona assembly line in order to refocus its business on hydrogen-fuel-cell trucks.

The company also reported a wider adjusted loss that matched expectations but marked the first time it didn’t beat bottom-line forecasts in nearly three years.

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