[exabrial]

The entire purpose of Nikola was to create proliferation route for taxpayer dollars into private bank accounts. To this end, they were moderately successful.

A few other ding dongs, like GM, didn't do their due diligence and also fell for it.

[nradov]

In GM's defense, the deal with Nikola didn't really cost them anything. It only damaged their reputation. Some other clueless investors then assumed that GM had done due diligence before signing the agreement, which was never the case.