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How did they get GM to invest $2 bn?
by sidcool 6y ago
How did they get GM to invest $2 bn?
- swarnie_ 6y ago> The tie-up sent Nikola’s shares surging by 51% and GM’s by 10%. Credit Suisse called it “a crucial validation datapoint on the GM EV strategy.” That's 4bn of share price return for a 10 yea, 2bn partnership. Presumably they'll now parachute there own execs in there to try and salvage something.
- mrep 6y agoGM didn't invest 2 billion. GM got 2 billion in stock, 700 million in cash and a bunch of other stuff mentioned here for the deal: https://news.ycombinator.com/item?id=24546221 https://news.ycombinator.com/item?id=24546221