If Nikola goes up in flames, GM might only get singed, analysts say

DETROIT — General Motors’ pending partnership with electric vehicle maker Nikola Corp. could result in a dream team or a deal with the devil.Either way, GM CEO Mary Barra is not backing down from it despite rumblings on Wall Street that perhaps GM failed at its due diligence.Last week, Hindenburg Research published a 67-page report accusing Nikola of being an “intricate fraud.” Nikola has disputed the claim.Now the U.S. Securities and Exchange Commission and Department of Justice are examining the allegations against Nikola, according to media reports. The news has crushed Nikola’s stock price…

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HEDGE accordingly