Join our growing community to challenge mainstream media bias and fix the news
Nikola shares slide after GM drops $2 billion stake in electric truck maker
Nikola stocks fell almost 25% after the company and General Motors announced a reworked deal on a fuel-cell tie-up that ends an equity stake in the startup for the Detroit automaker as well as plans for building Nikola’s electric pickup truck. GM said it won’t pay $2 billion for an 11% stake in Nikola following the fraud claims against its founder, founder Trevor Milton, who resigned in September.
INDEPENDENTwww.marketwatch.com
TECHwww.theverge.com
Arthur
1 months
Walk away from all electric vehicles GM you will be beat at that game!
¯\_(ツ)_/¯ devout centrist
1 months
Took them long enough
Top in Business
Nikola has always been an empty shell of a company, we’re in a bubble folks