Nikola GM Deal Dead: GM Doesn't Want NKLA Stock, Why Should You? Nikola Motors today announced a new MOU with General Motors (GM). The MOU news today is actually an announcement of the end of the Badger Truck deal that GM was going to produce for Nikola Motors. The Nikola stock price today had a wild ride because of this news. The headline Nikola put of was confusing and led many people to bid up NKLA stock price to almost $40 a share before they realized that this news actually meant the end of the Badger Truck and just a supplier/customer relationship with GM. Because of the high short interest in NKLA stock many people tried to cover their shorts on this news. Also the stock lock up period for Trevor Milton ended today and he is able to sell his 91.6 million shares of Nikola stock. Was this headline that Nikola put out intentionally misleading to get a short squeeze so Trevor Milton can sell some of his NKLA stock ? What does the end of the GM badger partnership mean for Nikola. If GM doesn’t want $2 Billion in NKLA stock to work with Nikola Motors, will other companies back out of partnerships with Nikola? If GM doesn’t want free NKLA stock, why should you buy NKLA stock? So should you buy or sell Nikola stock?
