Nikola Motors – Key learnings this week

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Two weeks after Nikola Motors CEO resigns…analyst recommendations still on “BUY”…

Key learnings this week:

  • GM/Nikola deal still not completed. Seems that there is time until December 3rd: if no deal gets reached by then, either company can walk away without a penalty
  • So, if this holder, GM will most likely wait until that date and see how “things play out” with the SEC
  • Nikola governance revamped with a new director: Steve Shindler
  • The current consensus among 5 polled investment analysts is still to buy stock in Nikola Corporation. This rating has held steady since September, when it was upgraded from a hold rating.