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   Technology StocksNikola Corp

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From: Alejandroo Green10/5/2020 9:21:26 AM
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On the move. Positive reading from indicator OBV and Stochastic oscillator.

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From: kidl10/6/2020 12:19:49 PM
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Toyota and Hino to Jointly Develop Class 8 Fuel Cell Electric Truck for North America

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From: roto10/15/2020 10:30:27 AM
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Here’s Why Worm Capital is Avoiding Nikola Corp (NKLA) Stock

damning in a big way.
it will be interesting to see how GM handles this. maybe they should tank their stupid
looking Hummer and go with the Badger.

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From: kidl10/17/2020 8:27:26 AM
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Nikola Shares Plunge After CEO Says Startup Can Go It Alone

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From: kidl10/19/2020 9:03:08 AM
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Nikola defended at JPMorgan with restructured deal with GM called probable

Oct. 19, 2020 8:12 AM ET|About: Nikola Corporation (NKLA)|By: Clark Schultz, SA News Editor

There is still hope for a Nikola (NASDAQ: NKLA) partnership with General Motors (NYSE: GM), according to JPMorgan.

"We believe Nikola and General Motors are still likely to enter into a strategic partnership by December 3rd. Nikola needs access to GM's supply-chain, engineering resource, the Ultium battery and Hydrotec fuel cells to de-risk the Class 8 truck initiative. GM needs to realize a return on billions of dollars of investment in Hydrogen fuel cells, and Nikola might be the best available option. The Badger initiative might be of more interest to GM than the post-Milton Nikola, for whom it seems to be a distraction," notes analyst Paul Coster.

Coster also observes that the Nikola partnership is already promoted by GM as one of six initiatives that constitute the automaker's EV Ecosystem and it is the only named initiative to exploit GM's Hydrotec fuel cell technology.

A probable scenario seen by JP for Nikola is that the deal closes with the original terms or it is re-engineered for a narrower scope that eliminates or downsizes the Badger initiative.

JP keeps an Overweight rating on Nikola.

Last Friday: Nikola -15% on CEO's 'go it alone' comments.

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From: kidl10/21/2020 8:14:04 AM
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Nikola +11% after positive talk from GM exec

Oct. 21, 2020 7:36 AM ET|About: Nikola Corporation (NKLA)|By: Clark Schultz, SA News Editor

Nikola (NASDAQ: NKLA) shoots higher after GM President Mark Reuss says on CNBC that the company is excited about a partnership between the two companies even as talks still go on. Notably, Reuss maintains GM did its due diligence on Nikola.

Reuss was on CNBC mainly to talk about the GMC Hummer reveal event last night. Read the full details on the EV sports utility truck.

Shares of Nikola are up 11.05% premarket to $23.05 and GM is 2.05% higher.

Earlier this week, JPMorgan said a Nikola-GM deal was likely to to make it to the finish line.

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From: kidl11/25/2020 8:17:34 AM
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Nikola tumbles on concerns over GM deal, gauntlet of stock

Nov. 25, 2020 2:47 AM ET Nikola Corporation (NKLA) By: Yoel Minkoff, SA News Editor 28 Comments
  • No comment...
  • After racing higher with green energy names on Tuesday, Nikola (NASDAQ: NKLA) shares fell back nearly 8% in AH trading following CEO Mark Russell's interview on CNBC's Mad Money with Jim Cramer.
  • He failed to reassure investors that the company's $2B deal with General Motors (NYSE: GM) would go through, echoing a similar position the automaker took when it held an investor conference last week (both sides can walk away if a deal isn't finalized by Dec. 3).
  • Russell also declined to speculate about what ousted founder Trevor Milton plans to do with the 85.6M shares (24% stake in the company) he owns after a lock-up period ends on Dec. 1.
  • Milton resigned after the DOJ and SEC began investigating allegations of fraud raised by short-seller Hindenburg in September.

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From: kidl11/30/2020 8:33:46 AM
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Nikola Signs MOU with General MotorsPR Newswire

PHOENIX, Nov. 30, 2020

PHOENIX, Nov. 30, 2020 /PRNewswire/ -- Nikola Corporation (NASDAQ: NKLA) today announced the signing of a non-binding Memorandum of Understanding ("MOU") with General Motors for a global supply agreement related to the integration of GM's Hydrotec fuel-cell system into Nikola's commercial semi-trucks. This supersedes and replaces the transaction announced on September 8, 2020.

Under the terms of the MOU, Nikola and GM will work together to integrate GM's Hydrotec fuel-cell technology into Nikola's Class 7 and Class 8 zero-emission semi-trucks for the medium- and long-haul trucking sectors. As previously announced, Nikola expects to begin testing production-engineered prototypes of its hydrogen fuel-cell powered trucks by the end of 2021, with testing for the beta prototypes expected to begin in the first half of 2022. In addition, Nikola and GM will discuss the potential for the utilization of GM's versatile Ultium battery system in Nikola's Class 7 and Class 8 vehicles.

"We are excited to take this important step with GM, which provides an opportunity to leverage the resources, strengths and talent of both companies," said Mark Russell, Chief Executive Officer of Nikola. "Heavy trucks remain our core business and we are 100% focused on hitting our development milestones to bring clean hydrogen and battery-electric commercial trucks to market. We believe fuel-cells will become increasingly important to the semi-truck market, as they are more efficient than gas or diesel and are lightweight compared to batteries for long hauls. By working with GM, we are reinforcing our companies' shared commitment to a zero-emission future."

The agreement between Nikola and GM is subject to negotiation and execution of definitive documentation acceptable to both parties. The MOU does not include the previously contemplated GM equity stake in Nikola or development of the Nikola Badger. As previously announced, the Nikola Badger program was dependent on an OEM partnership. Nikola will refund all previously submitted order deposits for the Nikola Badger.

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From: Sr K11/30/2020 2:02:28 PM
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General Motors Will No Longer Take a Stake in Nikola

Shares in the electric-truck startup slide after companies scale down their supply agreement

GM will supply fuel cells to Nikola but it scrapped plans to build an electric pickup truck for the startup.

Updated Nov. 30, 2020 1:05 pm ET

General Motors Co. GM will no longer take an equity stake in electric-truck maker Nikola Corp. NKLA -under a stripped-down agreement revealed Monday, a significant retrenchment from an earlier pact that fueled investor enthusiasm for both companies.

Under the revised deal, GM still intends to provide Nikola with fuel-cell technology but it has nixed plans to take an 11% stake in the Phoenix-based startup in exchange for supplying engineering work and other services.

The Detroit auto maker has also scrapped plans to build an electric pickup truck called the Badger for Nikola, a key part of an earlier agreement outlined in September. That deal got delayed after a negative short seller’s report raised questions about the readiness of some aspects of Nikola’s business, allegations the company said were false and misleading.

The original agreement bolstered Nikola’s status as one of several highflying green-vehicle startups drawing attention from Wall Street. GM’s lending of its engineering and manufacturing expertise, and being granted a spot on Nikola’s board, had been seen as a validation of Nikola’s business model and growth prospects.

For GM, the Badger piece of the deal had been seen as a boost for its broader plans to license its electric-vehicle technology, the potential of which has helped lift its share price in recent weeks.

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From: kidl12/23/2020 8:37:21 AM
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Nikola peels off 4% after ending collaboration with Republic Services

Dec. 23, 2020 8:20 AM ET Nikola Corporation (NKLA) By: Clark Schultz, SA News Editor 9 Comments
  • Nikola (NASDAQ: NKLA) says it has discontinued collaboration with Republic Services (NYSE: RSG) on refuse truck development.
  • The collaboration was aimed at designing and building an industry-first fully integrated refuse truck based on a zero-emissions battery-electric drive platform and body while also integrating multiple new systems into a new state-of-the-art vehicle.
  • "After considerable collaboration and review, both companies determined that the combination of the various new technologies and design concepts would result in longer than expected development time, and unexpected costs. As a result, the program is being terminated resulting in the cancellation of the previously announced vehicle order."
  • Source: Press Release
  • Shares of Nikola are down 4.15% premarket. RSG is inactive in the early session.

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