Deals

Nikola surges 21% after the company is referenced on GM's website amid ongoing deal talks

9 days ago   |   By Business Insider

Nikola
Nikola surged as much as 21% on Wednesday as investors searched for clues that a deal between General Motors and the electric-vehicle start up had been finalized. Mention of Nikola on General Motor's website was widely circulated on Wednesday, but the webpage notes that the transaction between the two companies "has not yet closed." General Motors CEO Mary Barra said earlier this month talks remain ongoing with Nikola after a previously announced deal was put on hold following a short-seller report that alleged fraud at the electric truck company. Visit Business Insider's homepage...
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