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Nikola’s contract with GM was to buy from GM.

It is still a contract of some repute with 11% stake. Do you think GM would sell to just any other startup with no history, if it wasn't for the hype??

The 11% was an additional sweetener given to GM to induce the partnership, not money GM was investing in Nikola.

Would I be willing to take some shine from an EV company willing to give me an approximately $2B (at the time) stake in their company, pay me around $700M of my own costs, and buy vehicles from me at a cost-plus arrangement? Shall I use my pen or yours?

https://www.marketwatch.com/story/nikola-stock-drops-as-gm-d...

Disclaimer: I’ve been quite short $NKLA for a while, quite profitably; I still am.

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