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.