Officials in Coolidge, Arizona, report that Nikola Corp. (NASDAQ: NKLA) is making significant construction progress on the first phase of its $600 million electric truck assembly plant.
It’s a bit of positive news for the beleaguered startup. Nikola last week saw the collapse of an equity tie-up with General Motors and a two-day, 40% drop in its stock price as early investors dumped shares at their first opportunity.
With those events over, attention shifts to Nikola’s planned milestones,...
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