NIKOLA SHARES SLUMP 9% AS ITS DEAL WITH REPUBLIC SERVICES END

Highlights

• Nikola in a statement announced that its partnership with Republic Services to jointly develop electric garbage trucks has been terminated

• The share of Nikola was trading 9.83 percent lower on the tech heavy NASDAQ at $15.18

• Mark Russell, CEO of Nikola in a statement said “This was the right decision for both companies given the resources and investments required.”