Nikola Slides After GM Deal Drops Equity Tie

The transcript discusses the evolving relationship between GM and Nikola. Initially, GM planned to provide fuel cell technology and manufacture pickups for Nikola. However, GM decided to step back, becoming a technology supplier without taking an equity stake. Nikola, under new leadership, shifted focus to hydrogen-powered semi trucks, streamlining its projects. Despite GM's reduced involvement, Nikola remains resilient with ongoing projects and partnerships. GM continues to focus on its fuel cell technology, adjusting it for commercial use.

What are the key components that Nikola is still able to rely on despite the changes in its deal with GM?

What challenges does GM face in adapting its technology for Nikola's trucks?