Nikola and Republic Services have terminated a partnership to collectively develop electrical refuge vehicles, sending shares of the embattled start-up down about 12% throughout pre-market buying and selling Wednesday.

Nikola stated the choice was made after each corporations “decided that the mixture of the assorted new applied sciences and design ideas would lead to longer than anticipated growth time, and sudden prices.”

“This was the best choice for each corporations given the assets and investments required,” Nikola CEO Mark Russell stated in a press release. “We help and respect Republic Companies’ dedication to reaching environmentally accountable, sustainable options for his or her clients.”

When the deal for 1000’s of vehicles was initially introduced in August, Nikola’s stock surged 22% to $44.81 a share. The shares are buying and selling at a few third of that value now. As of 8:35 a.m. Wednesday, shares had been down by about 12% in pre-market buying and selling to $15.95.

Republic Companies didn’t instantly reply for remark.

It is a growing story. Test again for updates.