4 ms·
> In this kind of market, all you need is a Donald Trumpish like figure and nothing else to keep the fake-valuation going on forever. Or due diligence? This i
by ProAm 6y ago
> In this kind of market, all you need is a Donald Trumpish like figure and nothing else to keep the fake-valuation going on forever.
Or due diligence? This is GM's fault really not Nikola (the latter was simply selling snaked oil).
- bonestamp2 6y agoAbsolutely. I talked to two former GM executives after the original Nikola deal was announced and they couldn't wrap their heads around why GM was involved with Nikola. Both came to the same conclusion, that GM was somehow wrapped up in the same hype that Nikola shareholders were, and I think the scaling back proves they were right.