Nikola

Nikola Corporation shared its Q1 results for 2022 and things are looking up. In addition to a small but noteworthy gross profit, the previously ill-famed commercial EV manufacturer began delivering some BEVs and has purchase orders (POs) or letters of intent (LOIs) for hundreds more. Nikola also continues to make strides in expanding its Arizona manufacturing facility.

GM has dropped its plan to build the Nikola (NKLA) Badger electric/fuel cell pickup truck and take a stake in the controversial company.

However, GM will still supply Nikola with fuel cell hydrogen technology for its semi trucks.