Nikola – GM partnership reconfirmed, but not finalized … they have until December 3rd

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Hi All,

Main information this week:

  • Nikola stock increased around 13% on Wednesday after General Motors CEO Mark Reuss said “he still sees a path forward for a partnership between the two automakers”
  • A deal hasn’t been finalized, but the automakers have until December 3 to reach an agreement
  • Nikola stock price decreased again on Friday after its CEO said it had a strategy ready should the agreement fall through
  • Before Hindenberg report, stock was trading around 80 USD, now around 22 USD

We will keep monitoring developments for you.

Best, OEMlibrary