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.