Nkla Stock Gm Deal

Russell clarified that nikola is still interested in gm s hydrotec fuel cell system the gm deal was anticipated to close by sep.

Nkla stock gm deal. Gm delayed the expected closing of the deal last. 8 according to a report today by the detroit. Gm still has intentions to complete a deal even though nikola is facing serious. Nkla stock was trading as high as 50 05 in september until it crashed and dropped by nearly 40 after.

Gm ceo mary barra spoke with rbc analyst joseph spak at an investor conference monday. Speculation around the gm deal has fueled outsized volatility for nikola. The sum accounts for roughly 24 of nikola s shares outstanding making any stock sale from milton a risk to nikola bulls. 30 but two days after the deal was announced short seller.

While the company itself had no news to report. Is the gm deal finally happening. Troubled electric truck company nikola nasdaq nkla and its partner general motors are renegotiating the terms of the deal they announced on sept. Nikola stock fell during afterhours trading after its ceo declined to comment on a deal being finalized with gm and a potential stock selloff by its ex chairman.

Shares of electric truck start up nikola nasdaq nkla were sharply higher on tuesday afternoon. Nikola nikola leaped as much as 13 on wednesday after general motors president mark reuss said. Gm s end of the deal is that nikola will pay 700 million to gm to expand its manufacturing capacity and. The conversation eventually turned to the deal between the legacy automaker and the upstart truck maker.

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