19 ms·
It's baffling. Like you said, GM will use its own technology. So they bought 11% of Nikola for…edgy CEO shitposting on Twitter? GM can definitely build a good
by perardi 6y ago
It's baffling. Like you said, GM will use its own technology. So they bought 11% of Nikola for…edgy CEO shitposting on Twitter?
GM can definitely build a good electric vehicle. They cannot seem to market a good electric vehicle—see Chevrolet Bolt sales, and then ask a random person if they know what a Bolt is. So the Nikola investment is the equivalent of buying a hip design studio?
- stu2b50 6y agoThey didn't buy any stock. GM gets 11% in return for supplying and R&D for the Nikola "car". But they didn't spend any cash, and in fact get cash because they can reimburse 700M. In the worst case, they were paid to do their own R&D. Nikola basically bribed GM with a insane deal so they can say they have a GM partnership.
- foobarian 6y agoEven better, remember the EV1? https://en.wikipedia.org/wiki/General_Motors_EV1 https://en.wikipedia.org/wiki/General_Motors_EV1
- tyingq 6y agoNikola did have a pleasing exterior design for the pickup and a solid email list of potential buyers. Not worth a fortune, but something.