NIKOLA SHARES SLUMP AS GM SCALES BACK STAKE IN IT

Highlights

• The impact of this GM's decision was immediately visible on Nikola shares as they plunged 24.75 percent on 11:12 a.m.

• Nikola Corp was accused of fraud by short-seller Hindenburg and an inquiry was opened by the U.S. Securities and Exchange Commission in this matter

• GM has signed a non-binding memorandum of understanding to supply Nikola with its Hydrotec fuel cell system which r....