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NKLA

Nikola

$17.81 /

-1.46 (-7.58%)

, GM

General Motors

$28.66 /

-0.74 (-2.52%)

12:45
09/29/20
09/29
12:45
09/29/20
12:45

GM tells Reuters Nikola deal has not closed, talks continuing

General Motors (GM) spokeswoman Juli Huston-Rough said in a statement to Reuters: "Our transaction with Nikola has not closed. We are continuing our discussions with Nikola (NKLA) and will provide further updates when appropriate or required." Huston-Rough declined to comment further when asked if GM was renegotiating any terms of the deal, Ben Klayman of Reuters reports. When the partnership was announced, Nikola said it expected it to close before September 30, and added that either side could terminate the agreement if it wasn't finalized by December 3, Klayman adds. Shares of Nikola are down 8% to $17.68 in afternoon trading. GM is down 3% to $28.62. Reference Link

NKLA

Nikola

$17.81 /

-1.46 (-7.58%)

GM

General Motors

$28.66 /

-0.74 (-2.52%)

NKLA Nikola
$17.81 /

-1.46 (-7.58%)

09/24/20
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09/24/20 Wedbush
Wedbush downgrades Nikola to sell on 'dark cloud,' Tesla innovations
09/23/20 Wedbush
Nikola downgraded to Underperform from Neutral at Wedbush
09/21/20 Deutsche Bank
Deutsche cuts Nikola target to $29 from $50 after possible 'clearing event'
GM General Motors
$28.66 /

-0.74 (-2.52%)

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09/14/20 JPMorgan
Core criticism of Nikola short report 'misconceived,' says JPMorgan

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