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Nikola CEO confident of closing deal with energy partner, talks with GM continue

Published 30/09/2020, 16:31
Updated 30/09/2020, 16:35
© Reuters. FILE PHOTO: U.S. Nikola's logo is pictured at an event held to present CNH's new full-electric and Hydrogen fuel-cell battery trucks in partnership with U.S. Nikola event in Turin

DETROIT (Reuters) - Nikola Corp (O:NKLA) Chief Executive Mark Russell said on Wednesday he remains confident the electric and hydrogen fuel cell vehicle startup will close a deal with an energy partner, and talks to finalize an alliance with General Motors Co continue. (N:GM)

There had been reports Nikola's talks with energy firms including BP PLC (L:BP) had stalled but Russell told Reuters he is confident Nikola will still announce by year end a collaboration with an energy firm to build hydrogen-refueling stations.

Short-seller Hindenburg Research released a scathing report on Sept. 10 that called Nikola a "fraud" and on Wednesday the company released a statement defending its business model, technology and partnerships.

Latest comments

It’s a clear win win
Great news, shares to rise above $50 by October-November
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