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Nikola Chairman Says GM Deal Is Good for Everyone

Sep.08 — General Motors Co. took a $2 billion equity stake in electric vehicle maker Nikola Corp. The companies will work together to manufacture a new electric-pickup model. Nikola Founder Trevor Milton says the deal is good for all parties. He appears on “Bloomberg Markets.”

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Sep.08 — General Motors Co. took a $2 billion equity stake in electric vehicle maker Nikola Corp. The companies will work together to manufacture a new electric-pickup model. Nikola Founder Trevor Milton says the deal is good for all parties. He appears on “Bloomberg Markets.”

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17 Comments

17 Comments

  1. Richard Curren

    September 8, 2020 at 8:38 pm

    It’s good to see something positive in the age of Trump.

    • Dieter Zerressen

      September 8, 2020 at 10:24 pm

      What? This guy is the automotive version of Trump without the racism.

    • Richard Curren

      September 8, 2020 at 10:35 pm

      @Dieter Zerressen Trump is too stupid to comprehend this deal. He’s a serial failure.
      Confederates love him because he’s a white supremacist.

  2. Jay Jay

    September 8, 2020 at 8:40 pm

    He’s so full of BS…it’s hard to listen.

  3. Zoltán Kárpát

    September 8, 2020 at 8:44 pm

    So GM is basically getting the name ????‍♂️ Everything else GM has to do alone, design, manufacturing, sales, servicing …etc… ????

  4. George Moore

    September 8, 2020 at 8:51 pm

    0:51
    activedating4.online

  5. Chris Chris

    September 8, 2020 at 8:54 pm

    *GM was in a bad position with EV’s this is just involving them with a scam now what a bad business decision!*

  6. Joseph Thomas

    September 8, 2020 at 8:55 pm

    0:37
    chat-adult18.online

  7. Joanna Collier

    September 8, 2020 at 8:58 pm

    Woow woow ???????? ????????❤️

  8. 52Hz whalien

    September 8, 2020 at 9:15 pm

    scam

  9. Metacognition88

    September 8, 2020 at 9:17 pm

    Who would want to partner with this sleaze ball

  10. pamela gipson

    September 8, 2020 at 9:20 pm

    What a train wreck

  11. Shooter McGavin

    September 8, 2020 at 9:24 pm

    LOL

  12. Dieter Zerressen

    September 8, 2020 at 10:19 pm

    I’m skeptical. How many previous joint agreements with GM has paid off? I can’t think of any. Specifically, look at Tesla’s Fremont factory – that was a GM/Toyota partnership that went nowhere. GM did something with China over Hummer – that died. GM has bombed out of Austria and Britain, I believe. So GM isn’t much of a partner and Nikola has no track record. Again, I’m skeptical.

  13. Alex Hu

    September 8, 2020 at 10:36 pm

    Lol, now they are SW company?

  14. S. D.

    September 8, 2020 at 10:57 pm

    Company with a MC of 19 billion and no product saying they don’t have capital. ???? So you sold your shares too cheap to the market and should learn from this mistake (which means issue new shares as long as they are expensive…)

  15. felon degeneres

    September 8, 2020 at 11:30 pm

    this is a “win now” strategy.
    go ahead and win.

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Silicon Data has raised $30.5 million to expand its pricing and performance benchmarks for the rapidly growing AI compute market. CEO Carmen Li joins Bloomberg to discuss the company’s ambition to become an “independent referee” for compute, CME’s planned GPU futures tied to Silicon Data benchmarks, and what its data says about the value and depreciation of older chips. She joins Ed Ludlow on “Bloomberg Tech.”
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Bloomberg’s Ed Ludlow breaks down positive earnings results from CoreWeave and Supermicro, showing the booming AI market continues to bolster their sales. Plus, Silicon Data raises new funding and puts it to work on building independent benchmarks for AI compute. And, investors are betting AI music startup Suno can be the next Spotify despite concerns about theft and AI slop.
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AI is driving enormous early-stage valuations, but Foundation Capital General Partner Joanne Chen says venture investors still need discipline when backing companies before they have products or customers. Chen joins Bloomberg to discuss how the firm identifies exceptional founders and her view that AI will reorganize companies and remove bottlenecks rather than simply eliminate jobs. Chen joins Ed Ludlow on “Bloomberg Tech.”
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