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.
