Nikola CEO Trevor Milton Resigns

Re:Nikola CEO Trevor Milton Resigns by bob1029 on Monday September 21, 2020 @06:06AM (#24541603)

Potentially related to the GM investment?

https://nikolamotor.com/press_releases/nikola-and-general-mo...

https://techcrunch.com/2020/09/08/general-motors-takes-2-bil...

Either GM made a $2bn mistake or they knew exactly what they were doing and everything is going according to plan...

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Re:Nikola CEO Trevor Milton Resigns by ucha on Monday September 21, 2020 @06:19AM (#24541684)

GM didn't pay $2B. They took a $2B stake in Nikola and agreed to be remunerated to manufacture their truck by using their electric battery tech which they were working on regardless of this deal.

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Re:Nikola CEO Trevor Milton Resigns by bob1029 on Monday September 21, 2020 @09:32AM (#24543166)

Who said GM paid anything? I was simply indicating the scale of their involvement.

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