3 ms·
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 cou
by 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 agoThe deal is off. GM got no stake, AIUI.
- jariel 6y agoNo, 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.