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VectoIQ

Alan Adler Tuesday, September 8, 2020

Breaking News: GM invests in Nikola; to build Badger pickup

General Motors Co. (NYSE: GM) will become an 11% owner of electric truck startup Nikola Motors Corp. (NASDAQ: NKLA) and build the battery-electric Badger pickup as well as providing the fuel cells for Nikola’s Class 7 and 8 full-size trucks, the companies said Tuesday. GM, which plans its own electric pickup truck, also recently invested […]

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Alan Adler Thursday, July 2, 2020

Profit-taking early investors hammer Nikola stock price

High-flying Nikola Corp. (NASDAQ: NKLA) came back to earth Thursday as early investors in the electric truck startup sold discounted shares at a handsome profit. With lockup provisions lifted, investors in a private investment in public equity (PIPE) with VectoIQ were allowed to sell most of the 53.3 million shares purchased for $10 each before […]

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