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Technology Stocks : Nikola Corp -- Ignore unavailable to you. Want to Upgrade?

To: Glenn Petersen who wrote (90)	9/8/2020 8:43:37 AM
From: kidl	Respond to of 252

Nikola deal with GM called a game changer Sep. 8, 2020 8:27 AM ET\|About: Nikola Corporation (NKLA)\|By: Clark Schultz, SA News Editor Wedbush Securities analyst Dan Ives sees significant upside from the announcement today that Nikola (NASDAQ: NKLA) will partner with General Motors (NYSE: GM). "This news is a huge shot in the arm for Nikola and cements credibility not just for its Badger production slated to begin by the end of 2022 but for its hydrogen fuel cell ambitions and semi truck vision going forward," writes Ives. He notes that there have been many skeptics around Nikola and its founder Trevor Milton's ambitions over the coming years, which could now be thrown out the window with stalwart GM making a major strategic bet on Nikola for EVs and fuel cells. "For GM given its strategic goal around EV battery technology for the coming years and its massive $20 billion of investments earmarked for electric and autonomous vehicles by 2025, we view this as a smart strategic bet at the right time."