Description: Shares of Nikola surged Tuesday after General Motors announced it’s taking an 11% stake in the electric truck maker and will produce its marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022.
Source: CNBC.com – video report
Date: Sep 08, 2020
Questions for discussion:
- Why did the stock jump so dramatically?
- Do you think it is justified?
- What does the deal mean for both firms?