I understand the structure of the deal - you're not understanding credibility, power and money. Doing a $2B deal with a company that turned out to be hot air /

I understand the structure of the deal - you're not understanding credibility, power and money. Doing a $2B deal with a company that turned out to be hot air / fraud is inexcusable, total incompetence - it doesn't matter how well leveraged GM was ostensibly, or how de-risked they were. If it was a 'side show' M&A project, the CEO could write it off, but it's not - EV's are 'the core' part of the future of automakers and they are scrambling to put a strategy in place. Everyone involved in this fiasco to go, they need someone in place who can put the EV roadmap in place. There was ample evidence that NKLA was a mess, and GM bit anyhow. This deal should be a be 'Tesla Buy' signal, because it validates Musks' view that regular automakers are stupid. And just gasp at how badly markets are out of whack - a $10B company that has no money, a string of failures, they've produced nothing for the investment, shenanigans with investors bailing out etc.. In reality NKLA is probably worth some large negative value.