What's happening Shares of VectoIQ Acquisition (NASDAQ: VTIQ), a holding company that is in the process of acquiring electric-truck maker Nikola Motors, were down sharply on Monday as crashing oil prices and virus concerns drove a broad-based market sell-off. As of 1:00 p.m. EDT, VectoIQ's shares were down about 11.8% from Friday's closing price. So what VectoIQ's shares soared last week after news that the company, led by former General Motors (NYSE: GM) vice chairman Steve Girsky, had agreed to acquire Nikola. Nikola has been preparing to begin production of electric heavy trucks (think tractor-trailers), including models powered by hydrogen fuel cells and by lithium-ion batteries. Nikola's heavy trucks are powered by electricity. Image source: Nikola Motors. Nikola, which has strong technology and partnerships with industry heavyweights, is expected to have a bright future. But it's no surprise that the steep drop in oil prices -- along with the possibility of a recession -- has put a damper on investors' expectations in the near term. Now what The deal is still expected to proceed: VectoIQ's acquisition of Nikola should close in the second quarter of 2020, after which the combined company will be renamed "Nikola Corporation." That company will trade on the NASDAQ exchange under the ticker NKLA -- but whether investors will be eager for its shares remains an open question for now. 10 stocks we like better than VectoIQ Acquisition Corp.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and VectoIQ Acquisition Corp. wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of December 1, 2019 John Rosevear owns shares of General Motors. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source