https://apnews.com/e378826a08bd8e2555f5fe66f91f7f80

NEW YORK (AP) — General Motors will not take an initial stake in the electric vehicle company Nikola, which announced Monday that it would scuttle on of its marquee vehicles, an electric and hydrogen-powered pickup that was to be called the Badger.

Shares of Nikola plunged 21% at the opening bell.