3 ms·
> 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
by 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.