4 ms·

Nikola had contracts too, with the likes of GM.

• sokoloff 6y ago
  Nikola’s contract with GM was to buy from GM.
  • zed88 6y ago
    It is still a contract of some repute with 11% stake. Do you think GM would sell to just any other startup with no history, if it wasn't for the hype??
    • sokoloff 6y ago
      The 11% was an additional sweetener given to GM to induce the partnership, not money GM was investing in Nikola. Would I be willing to take some shine from an EV company willing to give me an approximately $2B (at the time) stake in their company, pay me around $700M of my own costs, and buy vehicles from me at a cost-plus arrangement? Shall I use my pen or yours? https://www.marketwatch.com/story/nikola-stock-drops-as-gm-deal-is-now-nothing-to-write-home-about-11606754461 https://www.marketwatch.com/story/nikola-stock-drops-as-gm-d... Disclaimer: I’ve been quite short $NKLA for a while, quite profitably; I still am.
      • deleted 6y ago
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