Invest in Cleantech

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Wednesday, September 09, 2020

#Cleantech and #ClimateChange #Podcast – #EV Industry Battle - Tesla (NASDAQ: $TSLA) Falls as News Hits General Motors (NYSE: $GM) receives 11 percent ownership of Nikola (NASDAQ: $NKLA)

 #Cleantech and #ClimateChange #Podcast – #EV Industry Battle - Tesla (NASDAQ: $TSLA) Falls as News Hits General Motors (NYSE: $GM) receives 11 percent ownership of Nikola (NASDAQ: $NKLA)

 


Point Roberts WA, Delta BC, September 9, 2020 – Investorideas.com, a global news source and leading investor resource covering cleantech and renewable energy stocks issues today’s edition of the Cleantech and Climate Change Podcast, talking about today's problems and solutions for the future.

 

Listen to the Podcast:

https://www.investorideas.com/Audio/Podcasts/2020/090920-CleanTech.mp3

 

Read this in full at https://www.investorideas.com/news/2020/cleantech-climatechange/09091TSLA-GM-NKLA.asp

 

Listen to the cleantech and climate change podcast on Spotify

 

Transcript/overview

 

Today we are looking at the battle of the EV stocks as Nikola Corporation turns investors’ heads. ( note prices are at the close of market September 8,2020)

 

Nikola Corporation (NASDAQ: NKLA) and General Motors Co. (NYSE: GM) announced a strategic partnership that begins with the Nikola Badger and carries cost reductions through Nikola's programs, including: Nikola Badger, Nikola Tre, Nikola One, Nikola Two and NZT. As part of the agreement, Nikola will utilize General Motors' Ultium battery system and Hydrotec fuel cell technology, representing a key commercialization milestone for General Motors.

Nikola will exchange $2 billion in newly issued common stock for the in-kind services and access to General Motors' global safety-tested and validated parts and components. General Motors will be subject to a staged lock-up provision beginning in one year and ending in June 2025. General Motors will engineer, homologate, validate and manufacture the Nikola Badger battery electric and fuel cell versions.

Nikola stock closed at $50.05, up $14.50 (+40.79%) on volume of over 133 million.

Highlights include -General Motors to engineer, validate, homologate and build the Nikola Badger for both the battery electric vehicle and fuel cell electric vehicle variants as part of the in-kind services

Nikola anticipates saving over $4 billion in battery and powertrain costs over 10 years and over $1 billion in engineering and validation costs

General Motors expects to receive in excess of $4 billion of benefits between the equity value of the shares, contract manufacturing of the Badger, supply contracts for batteries and fuel cells, and EV credits retained over the life of the contract

General Motors to be exclusive supplier of fuel cells globally (outside of Europe) to Nikola for Class 7/8 trucks, providing validation and scale in a multi-billion dollar total addressable market

Badger is anticipated to enter production by year-end 2022

 

EV maker Tesla, Inc. (NASDAQ: TSLA) stock fell to $330., down  $21-88.11 (-21.06%) on the day following this news and continuing  downtrend in tech stocks. Shares were also impacted by the exclusion of  the S&P 500 Index.

 

If you would like to be a guest on this podcast and tell your story please call me at 800 665 0411

For investors following EV stocks we do have a directory of publicly traded stocks – visit https://www.investorideas.com/Companies/RenewableEnergy/Stock_List.asp

 

 

Thanks, that’s it for today. Do something good for this beautiful planet each and every day.

 

Podcast host: Dawn Van Zant

 

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Sticher, Spreaker.com, iHeart.com and Google Play Music.

 

Visit the Cleantech and Climate Change Podcast page at Investorideas.com

 

About Investorideas.com - News that Inspires Big Investing Ideas Investorideas.com is a recognized news source publishing third party news, research and original financial content. Learn about investing in stocks and sector trends with our news alerts, articles, podcasts and videos, looking at cannabis, crypto, AI and IoT, mining, sports biotech, water, renewable energy and more. Investor Idea’s original branded content includes the following podcasts and columns : Crypto Corner , Play by Play sports and stock news column, Investor Ideas Potcasts Cannabis News and Stocks on the Move podcast and column,  Cleantech and Climate Change , Exploring Mining  the AI Eye .

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1 comment:

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