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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