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It found that SSE made the bid prices it charged the electricity system operator to lower output "significantly more expensive", including in periods of transmission constraint.

Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its minimum bid price requirements.

Under the proposal, local builders would receive a credit on the bid price to give them a slight advantage.

“Years ago there was a van Gogh self-portrait that he supposedly painted for his mother, and the bid price just got too high — I think it was something above $75 million,” he continued.

Otherwise, the bid prices would likely have been higher, he said.