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It's my opinion that GM felt forced to enter into this partnership with Nikola because Ford was able to get into bed with Rivian when GM pulled out of that deal
by jdhn 6y ago
It's my opinion that GM felt forced to enter into this partnership with Nikola because Ford was able to get into bed with Rivian when GM pulled out of that deal. For GM's sake, I hope that these guys are completely wrong.
- stu2b50 6y agoGM will be fine if they go under. Nikola is paying for them to develop and manufacture parts of their "car" with 2 billion in stock. If Nikola goes under... GM hasn't lost anything. They can take all the work they did and just use it for their EVs.
- jdhn 6y agoIt's more of a reputation hit than anything. If this turns out to be as bad as these short sellers are saying, then anybody who really associated with Nikola is going to look really bad in the eyes of consumers.
- fakedang 6y agoI don't think the top level honchos at GM are smart enough to have thought even this far through as you have.