As Tesla struggles to maintain a rising stock price during the morning trading session on Tuesday, General Motors was busy inking a deal with one of its competitors.

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Nikola Motor Company, the maker of an electric truck that is expected to compete with Tesla’s Cybertruck, announced it is teaming up with General Motors in a deal that will send 11% equity to the Detroit manufacturer.

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“Nikola is one of the most innovative companies in the world. General Motors is one of the top engineering and…

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