Nikola’s share rises 12.1%, supported by renewed hopes of partnership with...

Nikola’s share rises 12.1%, supported by renewed hopes of partnership with...
Nikola’s share rises 12.1%, supported by renewed hopes of partnership with...

Shares of “Nikola” increased by more than 12% during the trading session today, Wednesday, with renewed hopes about the partnership between the electric truck maker and “General Motors”.

At 3:52 pm GMT: At 5:52 pm Cairo time, “Nikola” shares rose by 12.1% to reach $ 23.24.

The electric truckmaker’s market value increased to $ 8.8 billion.

The gain in the share value of “Nicolas” came after GM chief Mark Royce said during an interview with “CNBC” that he was completely excited about the opportunity to work with the electric truck maker.

And both “Nicola” and “General Motors” are in talks to define the terms of the proposed strategic partnership, which was announced last September.

But this partnership has faced some doubts after accusing “Nicolas” and its founder and former president, “Trevor Milton”, of lying and deceit regarding the capabilities and capabilities of the company, allegations that are still under investigation.

The accusations against “Nicolas” pushed the stock, which had gained more than 300% this year before the allegations surfaced, to record losses of 74% compared to the highest level recorded in June.

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