Nikola Stock Is Diving Because the Deal With GM Is Scaled Back
Nikola stock
The companies reached a blockbuster agreement on Sept. 8, but key elements appear to be missing from a revised version.
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GM, Nikola announce reworked agreement; Nikola shares tumble 25%
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Nikola said it had signed a nonbinding memorandum of understanding stating that it and GM will work together to integrate GM's hydrogen fuel-cell technology ...
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A new agreement, supplying hydrogen fuel cell technology from General Motors, is less sweeping than the strategic partnership outlined in September.
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Shares of Nikola Corporation tumbled more than 23% early Monday after the embattled company's previously announced partnership with General Motors was ...
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GM will supply hydrogen fuel cells for Nikola's semis, but that's it.
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The long-awaited deal with GM turns out to be not what many expected.
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General Motors and Nikola announced a reworked, smaller agreement that abandons plans to build Nikola's Badger pickup truck for consumers.
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Nikola Corp. stock tanks on news that GM deal amounts to supply partnership without stake, pickup truck collaboration.
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Shares of electric-truck maker Nikola Corp. went on a wild ride Monday, as the Securities and Exchange Commission reportedly weighed a short-seller's claims.
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The U.S. Securities and Exchange Commission is reportedly looking into claims that Nikola Corp. is involved in an alleged “intricate fraud,” the latest ...
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The company has seen shares slide after a negative report, but Executive Chairman Trevor Milton just bought $1.3 million of shares.
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The electric vehicle startup released a detailed rebuttal refuting the Hindenburg Research report which Nikola says was timed to benefit the author's bet the ...
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The electric truck startup rebutted short seller Hindenburg Research. A key analyst came to its defense. Nikola stock jumped but fell late on SEC buzz.
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Nikola Corporation (NASDAQ: NKLA) ("the Company") today issued the following statement commenting on a false and defamatory report published September ...
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Shares of electric-truck start-up Nikola (NASDAQ:NKLA) were down again on Monday, on continued selling pressure in the wake of a hard-hitting report from a ...
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Alternative-fuel trucking company Nikola released another response to a negative report from short seller Hindenburg Research.
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The company said there were "dozens" of inaccurate allegations in a report by a short-selling firm.
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CEO and founder of U.S. Nikola Trevor Milton attends a news conference held to presents its new full-electric and hydrogen fuel-cell battery tru...
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Shares of Nikola Corp. rocketed higher Tuesday, after the battery- and hydrogen-electric vehicles maker disclosed a large equity investment by General Motors...
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General Motors Co. undefined and Nikola Corp. undefined said Tuesday they are entering a strategic partnership that will start with the Nikola Badger, the...
Continue readingGM takes a $2 billion stake in Nikola to make electric pickup trucks
GM and Nikola announce a partnership worth billions that gives GM a seat at the table and a partner in the commercial EV heavy-duty truck space.
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GM is buying a stake in Nikola to help the electric car company build its own pickup truck to take on Tesla's Cybertruck. Nikola stock jumped.
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General Motors will engineer and produce Nikola's Badger truck, and share fuel cell and battery technology, in exchange for an 11% stake.
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Under the partnership, GM will produce the electric truck maker's marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022.
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Nikola Corp. shares fell more than 9% after hours Tuesday after the electric-vehicle maker reported a second-quarter loss that was wider than Wall Street ...
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Nikola earnings missed while management projected the start of Tre electric truck manufacturing next year. Nikola stock sank late.
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Is this all we get,” JPMorgan analyst Paul Coster joked with management early in the Q&A session.
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Nikola earnings are due for the first time since its June stock market debut, with high hopes for big announcements about its electric truck. Nikola rose.
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Today, Nikola will release Q2 earnings. Before the Q2 report, Nikola (NKLA) stock is growing, and Deutsche Bank says it is an attractive buy.
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"Nikola's first report as a public company will likely be heavily scrutinized," wrote JPMorgan's Paul Coster.
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Investors are likely to focus on battery-powered trucks, hydrogen costs and new manufacturing facilities, rather than the bottom line.
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