Nikola
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GM may save Nikola and its founder’s fortunes

With the news that Trevor Milton is out at Nikola, questions are emerging around what General Motors knew and didn’t know when it agreed to an 11% ownership equity stake in Nikola. One thing we do know for certain, even though Milton is out, he’s still the largest shareholder in the company with a 20% […]

by Chad Kirchner
9/21/2020
Nikola founder Trevor Milton steps down, stock tumbles

Nikola hasn’t been having a good couple of a weeks. After a scathing report from short sellers Hindenburg Research, the Securities and Exchange Commission (SEC) began an investigation. Now, the chairman of the company resigned. In an early morning tweet, Milton said “I asked the board of directors to let me step aside from my […]

by Chad Kirchner
9/21/2020
GM takes ownership stake in Nikola with $2 billion deal

Nikola Motor Company this morning received a huge injection in capital thanks to the folks over at General Motors. In a massive $2 billion equity purchase deal, GM is now 11% owner of the electric and hydrogen company. According to Bloomberg, “GM will make in-kind contributions to take an 11% stake in Nikola and get […]

by Chad Kirchner
9/8/2020