Why Nikola Stock Is Down Again Today
Shares of embattled electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Tuesday, after Reuters reported that the company's deal with General Motors (NYSE: GM) isn't yet finalized.
As of 11 a.m. EDT, Nikola's shares were down about 8.6% from Monday's closing price.
When GM and Nikola first announced their agreement, under which GM will supply batteries and fuel cells to Nikola and put its Badger pickup truck into production, the two companies said that the deal would close by Sept. 30.
Source Fool.com