Nikola Gm Agreement

If any of these risks arise or its assumptions prove to be incorrect, actual results may differ materially from those implied in these forward-looking statements. These forward-looking statements speak only as of the time of this publication and Nikola expressly disclaims any obligation to update such forward-looking statements. JP Morgan analyst Paul Coster said in a research note that GM`s decision not to participate in Nikola as originally planned would weigh on Nikola`s shares, but in the longer term, the new deal would be positive for the startup, as it can now focus on its commercial vehicle business. The Detroit-based automaker also ruled out plans to build an electric pickup called Badger for Nikola, an important part of a previous deal sketched out in September. That deal was delayed after a negative short seller report raised questions about the availability of some aspects of Nikola`s business, allegations the company called false and misleading.

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