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As of their last earnings report Nikola had almost exactly $700M in cash / cash equivalents. Maybe GM just wants that :)
by easde 6y ago
As of their last earnings report Nikola had almost exactly $700M in cash / cash equivalents. Maybe GM just wants that :)
- yholio 6y agoThat's interesting. Without any product, what exactly are those sources of cash earnings?
- toomuchtodo 6y agoReverse merger with a SPAC investment vehicle. They're not earnings, they're investor funds. https://www.businessinsider.com/spac-biggest-blank-check-deals-ackman-chamath-palihapitiya-nikola-draftkings-2020-7 https://www.businessinsider.com/spac-biggest-blank-check-dea...
- nickik 6y agoThey need that for the next 3 years where they will not make money.