Comment by kjksf

In fairness, GM got $2 billion worth of Nikolai stock for future vague work.

The work they are supposed to be doing for Nikolai is the same work they'll be doing for their own EV trucks (that they'll have to have at some point) so you can look at it as GM being paid by Nikolai for R&D.

I would still not do this deal if I was GM.

The probability of Nikolai bursting in the flames of disgrace and litigation before they'll pay GM for anything is 99%.

GM can only sell 30% of stock after a 1 year (and additional 30% each year after) so by the time they can cash in, it'll likely be worthless.

And Mary Barra will have to explain how she got taken by an obvious fraud. It might end up costing her a job.