Nikola Corporation has announced the cancellation of its highly anticipated Badger pickup truck, marking a significant shift in the company’s strategy. This development comes as General Motors (GM) has decided not to take an equity stake in Nikola, altering the terms of the partnership initially announced in September 2020. The Badger, a planned hydrogen-electric pickup … Read more
Trevor Milton, the founder and executive chairman of Nikola Corporation, has stepped down from his position amid growing scrutiny and controversy surrounding the company. This unexpected resignation has led to a significant drop in Nikola’s stock price as investors react to the leadership change and the uncertainties it introduces for the future of the company. … Read more
According to Bloomberg, General Motors (GM) has announced a strategic partnership with Nikola Corporation, which includes taking an ownership stake in the electric truck startup through a $2 billion deal. As part of this agreement, GM will receive an 11% equity stake in Nikola, positioning itself as a key player in the development and production … Read more
