General Motors Stock Is Surging on $2 Billion Nikola Deal
Shares of General Motors (NYSE: GM) were rising on Tuesday, after GM announced that it is taking a $2 billion stake in electric-truck start-up Nikola (NASDAQ: NKLA).
As of 11:30 a.m. EDT, GM's shares were up about 7% from Friday's closing price.
GM isn't paying cash for its new stake in Nikola -- it's trading "in-kind services" for $2 billion in Nikola stock and some other things. Here are the deal's key points:
Source Fool.com
