The revised GM deal to invest $1B into Nikola, confirms what we knew all along.

GM was drinking the koolaid when they crafted the initial investment into Nikola.
Nikola had no product, no sales, no manufacturing…

Without going into all details, let’s admit the harsh truth: it is an embarrassment for GM to punt such a speculative deal.
This deal is worse than when GE was overpaying BakerHughes at the peak of the Shale Oil bubble.

The revised GM deal to invest $1B into Nikola, confirms what we knew all along.

Leave a Reply

Your email address will not be published. Required fields are marked *