In its first quarterly earnings call since becoming a blue-chip stock on the benchmark S&P 500 index, Tesla (NASDAQ:TSLA) disappointed and missed Wall Street estimates nearly across the board.

Both of these historic automotive countries have some growth in them, as they try to play catch up in the electric vehicle sector.

The work agreement marks the end of a tumultuous path that saw Nikola lose its founder and CEO Trevor Milton after accusations of fraud and lying about its technology, led to Milton stepping down from his position.

The decision is expected to cost the company a hefty amount of $1.2 billion

The company now plans to invest $27 billion on EV projects, as compared to $20 billion it initially revealed

Wall Street is applauding GM for what it gets out of the agreement with Nikola.