Worst case, and let's be honest, modal case, Nikola goes under and GM has tech and parts that they can just use on their own anyway in their electric vehicles.
Even better for GM, they just acquire the whole thing and now they have a new brand to make their EV's under. GM could make a Chevy Volt 2x better than any Tesla, but Tesla will still sell better because of the brand identity. If you look at it like a branding/marketing deal then it makes a lot more sense from GM's perspective.
...right up until Nikola becomes a synonym for Theranos or Enron. The company is public, when it implodes there will be lawsuits and not just from a few private investors.
Worst case, and let's be honest, modal case, Nikola goes under and GM has tech and parts that they can just use on their own anyway in their electric vehicles.
Even better for GM, they just acquire the whole thing and now they have a new brand to make their EV's under. GM could make a Chevy Volt 2x better than any Tesla, but Tesla will still sell better because of the brand identity. If you look at it like a branding/marketing deal then it makes a lot more sense from GM's perspective.
...right up until Nikola becomes a synonym for Theranos or Enron. The company is public, when it implodes there will be lawsuits and not just from a few private investors.
>GM could make a Chevy Volt 2x better than any Tesla
As someone who worked in automotive tech in Detroit. This isn't even close to true.
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