fj12ryder wrote:
Dadoffourgirls wrote:
The announcement was not marketing hype. The announcement was a business transaction (strategic partnership) announcing that one business was buying service/product from another. Investors see this as positive, and react with purchasing stock.
Last week, GM and Honda announced they have signed a non-binding memorandum of understanding following extensive preliminary discussions toward establishing a North American automotive alliance.
Today, GM announced that the Ultium battery – the power source behind GM’s future EV portfolio - will feature an almost completely wireless battery management system, or wBMS.
I think I see a GMC Hummer soon!
And just a coincidence that the stock of both companies, Nikola especially, took a big jump? And a company that doesn't even have a real product? Nikola I mean.
Not marketing hype, riiiiiiiight. Wink wink, nudge nudge.
I'm old enough to remember when Tusk said there was going to be "1,000,000 Robo taxies" by the end of this year and Tesla stock went way up after this news.
1,000,000 Robo Taxies by the end of 2020. I haven's seen one let alone 1,000,000!
About time GM got with the times and start ripping people off! :B
