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Why Nikola Stock Is Rolling Downhill Today


Shares of embattled electric-truck start-up Nikola (NASDAQ: NKLA) were trading lower on Friday after its CEO downplayed the need to build an electric-pickup truck as negotiations with General Motors (NYSE: GM) remain unresolved.

As of 2 p.m. EDT, Nikola's shares were down about 14.2% from Thursday's closing price.

In interviews with Financial Times and Bloomberg, CEO Mark Russell said that the company is prepared to drop the idea of building the Badger if it can't secure an agreement with GM or another major automaker. 

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Source Fool.com

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