When Nikola and General Motors announced their partnership this past Tuesday, it was clear what Nikola got—manufacturing, batteries, purchasing power, and perhaps validation. But GM got something even more important: belief.
For years now, General Motors (ticker: GM) has been trying to convince investors that its suite of new technologies should translate into a higher price/earnings multiple than its current single-digit one.
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September 12, 2020 at 08:02AM
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General Motors’ Deal With Nikola Could Double Its Stock Price - Barron's
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