With all the recent news surrounding Nikola and the SEC investigating them about short selling, do we actually think this deal is going to go through? At this point I don't see it happening.
At this point it seems to me that GM is going to get Nikola for pennies on the dollar, gut them and use whatever they can on their own EVs and not bother building the Badger.A couple thoughts on the NKLA deal. If GM walks away from it the stock will tank and GM could pick up the whole company for cheap. Nikola is in a tough position because they can't refute the Hindenburg report and calling in the SEC is like a drug dealer calling the police because someone stole his stash.