Nikola soars 10% on top management's reassuring notes - Breaking The News

Nikola soars 10% on top management's reassuring notes

30 September

1 min read

NIKOLA MOTOR

Shares of Nikola Corporation jumped more than 10% on Wednesday after the company's management stated that the firm will maintain its course in terms of business plans and production targets even after the resignation of Nikola's founder Trevor Milton.

A report by CNBC also revealed that General Motors Company (GM) might decide to take a bigger stake in the zero-emissions vehicle start-up, despite the news of the two companies failing to reach an agreement on the joint production of electric pickup trucks.

Nikola's stocks were up by 9.18% at 11:15 am ET, selling for $19.42.

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