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NKLA

Nikola

$34.50 /

+5.11 (+17.39%)

, GM

General Motors

$46.46 /

+1.69 (+3.77%)

08:50
11/25/20
11/25
08:50
11/25/20
08:50

Nikola sinks 16% following CEO appearance on CNBC's 'Mad Money'

Shares of Nikola (NKLA) are sinking after its CEO Mark Russell appeared last night on CNBC's "Mad Money" with Jim Cramer. Russell said discussions with General Motors (GM) are ongoing regarding a potential fuel cell partnership, but he declined to comment further. "We can't comment on continuing discussions," Russell told Cramer, while adding that Nikola was "interested" in GM's car battery and hydrogen fuel cell systems. Russell also declined to speculate on what Nikola founder Trevor Milton, who stepped down as CEO in September, plans to do with the 96.1M shares he owns after a lockup period expires next week. "We believe that as we execute on our milestones and on our business plan, we're going to reward our long-term focus shareholders. That's our focus, is on the long-term," Russell said. Shares of Nikola are down 16%, or $5.40, to $29.10 in premarket trading.

NKLA

Nikola

$34.50 /

+5.11 (+17.39%)

GM

General Motors

$46.46 /

+1.69 (+3.77%)

NKLA Nikola
$34.50 /

+5.11 (+17.39%)

11/19/20 Loop Capital
Loop Capital starts Nikola at Buy on 'attractive' intellectual property
11/19/20 Loop Capital
Nikola initiated with a Buy at Loop Capital
11/10/20 JPMorgan
Nikola's 'mild positives' in Q3 won't matter to investors, says JPMorgan
11/10/20 Deutsche Bank
Nikola Q3 unlikely to change investor sentiment, says Deutsche Bank
GM General Motors
$46.46 /

+1.69 (+3.77%)

11/25/20 Morgan Stanley
General Motors price target raised to $53 from $44 at Morgan Stanley
11/25/20 Morgan Stanley
Morgan Stanley downgrades Ford to Equal Weight with EV strategy not fully clear
11/20/20 Deutsche Bank
General Motors price target raised to $48 from $43 at Deutsche Bank
11/17/20 Wedbush
EV demand could see surge of growth in 2021, says Wedbush

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