[easde]

As of their last earnings report Nikola had almost exactly $700M in cash / cash equivalents. Maybe GM just wants that :)

[yholio]

That's interesting. Without any product, what exactly are those sources of cash earnings?

[toomuchtodo]

Reverse merger with a SPAC investment vehicle. They're not earnings, they're investor funds.

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

[nickik]

They need that for the next 3 years where they will not make money.