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But they still committed engineering and corporate resources, even if just to do planning and run estimates. I get that it is not a lot in the grand scheme of t

But they still committed engineering and corporate resources, even if just to do planning and run estimates. I get that it is not a lot in the grand scheme of things for them, but it went quite far if the scam was so obvious. Or can I get a meeting with GM with an animator and mockups?

csours 6y ago
> "Or can I get a meeting with GM with an animator and mockups?" Yes, that and a $34b market cap.
zaptheimpaler 6y ago
Nikola is still worth $10B on the market, after today's crash. GM got an 11% stake. i.e they just made $1B, atleast. Probably much more. Yes that's worth a couple of pointless meetings and work for GM.
- zwily 6y ago
  The deal is off. GM got no stake, AIUI.
- jariel 6y ago
  No, GM called off the deal, even if they got some amount, they'd never be able to liquidate, the selloff would crash NKLA instantly. It's going to go down eventually. I don't think HNers here are grasping how bad it is for a respectable multinational like GM to get taken in a major deal like this, it's bad.