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Re:Nikola admits prototype was rolling downhill in promotion... by JumpCrisscross on Monday September 14, 2020 @03:56PM (#24474397)
Did GM pay Nikola cash for its investment? Or is it offsets against e.g. purchases of GM batteries?
Re:Nikola admits prototype was rolling downhill in promotion... by stu2b50 on Monday September 14, 2020 @04:23PM (#24474689)
The latter. Hence it's basically zero risk for GM. If Nikola is real, then the deal is good. If Nikola is a fraud, then it's not like GM wasn't going to do R&D on battery tech anyway.