World Nikola share jumps up: Nikola postpones Badger presentation - will the deal with GM break or will it turn out differently?
Founder of electric truck start-up Nikola steps down after being accused of 'ocean of lies'
The vehicle maker has been accused of staging a video to make it appear as though one of its truck prototypes was cruising down a hill. At this point, Nikola has produced and sold no vehicles of its own, though it claims to be moving forward on setting up a plant to produce heavy-duty freight haulers like the Nikola One. The facility, based outside Phoenix, is expected to go into production in 2023.A day after the short-seller’s report was issued, Nikola released a statement saying its “legal counsel proactively contacted and briefed the U.S. Securities and Exchange Commission.
The situation at Tesla competitor Nikola is getting worse. The presentation date for the company's first electric truck, which was firmly scheduled for the end of the year, has been postponed - now General Motors could pull the rip cord.
• Move Nikola Nikola World
• Is there no Badger presentation?
• GM deal on the brink
Things are going very well for: After the company was targeted by the US Securities and Exchange Commission Trevor Milton, surprisingly dismissed Nikola World postponed or canceled?
Supermodel Natalia Vodianova says her native Russia feels safer during the pandemic than other parts of Europe
Supermodel, philanthropist and entrepreneur Natalia Vodianova told CNBC she feels her native country Russia has coped "incredibly well" with the Covid-19 crisis.How insurance premiums and deductibles work
officially cited the COVID-19 pandemic as the reason for the delays: "Due to the COVID-19 audience size restrictions at major Arizona venues, we have decided to postpone Nikola World until we have the Nikola community All tickets in connection with Nikola World will be reimbursed or remain valid, depending on the customer's wishes, "said a press release. Meanwhile, the company failed to set a new date for the event, during which the Nikola Badger was to be presented, which raised doubts among some investors as to whether Nikola World could possibly be canceled completely. "We will continue to provide progress updates for our entire product portfolio," the company emphasized without being more specific.
GM entry in danger
Montrezl Harrell expected to get only modest free agent deal
He averaged 18.6 points and 7.1 rebounds per game for the Clippers and won the Sixth Man of the Year Award based on that performance. But he arrived in the Orlando bubble late following the passing of his grandmother and appeared to struggle finding his rhythm and conditioning upon his return. © Kim Klement-USA TODAY Sports Montrezl Harrell was tremendous before the NBA shutdown back in March. Harrell’s averages in the bubble sank to 10.5 points and 2.9 rebounds per game. He was also exposed defensively by Nikola Jokic and the Denver Nuggets, who eliminated the Clippers in the second round.
In addition, Nikola is getting headwind from another side: Because the
The strategic partnership should actually have been finalized on Wednesday, but there had been delays in the negotiations recently. Originally, GM had bought eleven percent of Nikola and wanted to put two billion US dollars on the table for it, but recently public allegations against the former CEO have possibly caused a rethink among GM's leaders. Specifically, it concerns allegations of two women who had accused Trevor Milton of alleged sexual assault by US authorities. according to CNBC, the deal between GM and Nikola can be terminated by either side if it is not finalized and signed by December 3rd. In the meantime, however, there were also voices that had assessed a delay in the negotiations as positive: At CNBC, speculation was recently also made about the fact that GM could even significantly expand its stake in Nikola. After all, the Nikola share has become around half cheaper since Hindenburg's still unresolved fraud allegations. General Motors
Nikola Tre announcedMeanwhile, Nikola management is working to regain investor confidence. The company announced that five Nikola Tre prototypes of the in-house semi-trailer truck are nearing completion. The vehicles are not powered by fuel cells but by a battery. Investors' speculation about Nikola fell on fertile ground on Wednesday, with Nikola shares trading 14.54 percent higher at $ 20.48. Also on Thursday there is a clear upward trend: The share recorded an increase of 10.45 percent to 22.62 US dollars. editors finanzen.net
Kevin Durant shares why NBA bubble champion will be highly respected .
The champion will have had to endure a few months of living in the NBA’s bubble environment. Achieving success in this environment is not easy.Durant made an appearance on Joe Budden’s podcast on Monday. He was asked whether this year’s NBA champion would be respected in the same way as the champions of a standard season.