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Summary List Placement The story with the Nikola One, zero-emissions brand Nikola's hydrogen-electric semitruck, was that embattled company founder Trevor Milton designed it in his basement. But a new report from the Financial Times suggests otherwise.  Two sources with knowledge on the matter, who were not named by the Financial Times, said Milton bought the original design for the Nikola One from a designer...

Summary List Placement   Once the details of General Motor's $2 billion deal with electric and fuel-cell vehicle startup Nikola came to light, it was clear that the largest US automaker wasn't taking any big risks. GM's 11% equity stake in Nikola was wrapped up with a $700 million payment to GM, to effectively make it a contract manufacturer for Nikola's Badger pickup. The...

Summary List Placement A scathing report from a short-seller firm may have sent Nikola's stock price tumbling, but for three financial analysts, the report hasn't fundamentally changed how they think about the electric-truck startup. "While we look forward to management addressing some of these issues, we continue to believe seeing the forest through the trees," WedBush Securities said in a September 14 note. On...