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A comment on Nikola admits prototype was rolling downhill in promotional video. Parent comment

Re:Nikola admits prototype was rolling downhill in promotion... by easde on Monday September 14, 2020 @03:59PM (#24474435)
As of their last earnings report Nikola had almost exactly $700M in cash / cash equivalents. Maybe GM just wants that :)
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Re:Nikola admits prototype was rolling downhill in promotion... by yholio on Monday September 14, 2020 @04:15PM (#24474607)
That's interesting. Without any product, what exactly are those sources of cash earnings?
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Re:Nikola admits prototype was rolling downhill in promotion... by toomuchtodo on Monday September 14, 2020 @04:45PM (#24474935)
Reverse merger with a SPAC investment vehicle. They're not earnings, they're investor funds.

https://www.businessinsider.com/spac-biggest-blank-check-dea...

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Re:Nikola admits prototype was rolling downhill in promotion... by nickik on Monday September 14, 2020 @05:07PM (#24475172)
They need that for the next 3 years where they will not make money.
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