Issues maintain going downhill for aspiring hydrogen truck-maker Nikola.
Nikola’s inventory plunged on Monday morning as the corporate introduced {that a} beforehand introduced cope with Basic Motors was not going to shut. As an alternative, the 2 firms signed a “non-binding memorandum of understanding” associated to the usage of GM’s hydrogen gas cell expertise in Nikola’s future semi vans. GM won’t take a stake in Nikola as initially deliberate.
Nikola’s inventory is down 26 p.c as I write this on Monday morning. The inventory is down 58 p.c since September 8, the day Nikola initially introduced the GM deal.
Learn 9 remaining paragraphs | Feedback