image credit: Raquel Baranow / Wikimedia

Nikola shares surge after GM executive gives hope of keeping partnership deal alive

October 21, 2020


Shares of embattled electric vehicle start-up Nikola jumped by almost 12% during premarket trading Wednesday after a General Motors executive said the automaker still sees a tie-up with the company being a great opportunity.

GM President Mark Reuss said the automaker continues “to work the opportunity” of its $2 billion deal with Nikola that was announced last month but hasn’t yet been finalized.

Read More on CNBC