• Nikola sheds 15% after CEO says it has plan to work without GM if deal falls apart

    9 days ago - By Business Insider

    Nikola Badger Electric Pickup Truck.
    Nikola
    Nikola fell on Friday after its CEO told Bloomberg that it has plans to work on its own if its announced deal with General Motors falls apart. Talks between the two companies are still ongoing, and a deadline of December 3 has been set to reach a deal. Nikola CEO Mark Russell, a former General Motors executive, said the company needs an OEM partner to manufacture its Badger electric pickup truck prototype and will abandon the car if it can't find one. Shares of Nikola have been in a tailspin ever since Hindenburg Research released a short-report...
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