Nikola Slides After GM Deal Drops Equity Tie

The transcript discusses the evolving relationship between GM and Nikola. Initially, GM planned to provide fuel cell technology and manufacture pickups for Nikola. However, GM decided to step back, becoming a technology supplier without taking an equity stake. Nikola, under new leadership, shifted focus to hydrogen-powered semi trucks, streamlining its projects. Despite GM's reduced involvement, Nikola remains resilient with ongoing projects and partnerships. GM continues to focus on its fuel cell technology, adjusting it for commercial use.

What was the original scope of the partnership between GM and Nikola?

• GM would provide fuel cell technology and manufacture a pickup truck for Nikola.

• GM would take an equity stake in Nikola.

• GM would manufacture all of Nikola's vehicles.

• GM would only supply battery technology to Nikola.

Who is currently leading Nikola, and what is the company's main focus?

• Trevor Milton, focusing on power sports vehicles.

• Steve Girsky, focusing on commercial semi trucks.

• Mary Barra, focusing on electric cars.

• Robert Bosch, focusing on hydrogen fuel cells.

What potential future expansion is mentioned in the partnership between GM and Nikola?

• Development of power sports vehicles.

• Equity stake in Nikola.

• Manufacturing of electric cars.

• Inclusion of battery technology.

What does Nikola retain despite GM's reduced involvement?

• Exclusive rights to GM's electric vehicle technology.

• A partnership with Tesla.

• A complete manufacturing facility in Detroit.

• A factory in Arizona and a joint venture in Europe.

What challenge does GM face in adapting its technology for Nikola's needs?

• Manufacturing pickup trucks for Nikola.

• Creating a new brand identity for Nikola.

• Adapting fuel cell technology designed for consumer vehicles to semi trucks.

• Developing new battery technology from scratch.