Nikola shares drop as GM pulls plug on investment deal
GM is backing away from an agreement to take a stake in electric automaker Nikola Corp., marking the collapse of a deal that has been problematic since it was announced just two months ago. Nikola shares fell nearly 25% on Monday. GM has instead signed a nonbinding memorandum of understanding to supply Nikola with its … Continue reading Nikola shares drop as GM pulls plug on investment deal
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