Reisender wrote:
fj12ryder wrote:
Reisender wrote:
There might be something to it though. That is a truck full of money that they have thrown at it.
But it's all stock and no real money. If the stock tanks, then everybody loses, since all GM gets is stock. It's not like GM hasn't made bad decisions before. :)
Im not up on how that stock stuff works but that kinda makes sense. What you are saying is they never actually paid them 2 billion.
According to the article: "Additionally, Nikola will hand over $2 billion in stock to GM — giving the automaker an 11% stake in the company." So $2 billion in stock, depending of course on what 11% of the company is worth at any one time.
