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GE still holds that trademark, from when it was founded (as Edison General Electric).
Well they need to make electric cars then.
Seriously though, GM does make plenty of electric cars. Or are you suggesting they should use the Edison brand?
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GM was also taken in. Either GM corporate is insanely inept or the scam was at least somewhat credible. I am not judging the retail investors too harshly on this as credible organizations gave it a thumbs up too.
From GM's perspective they stood to lose nothing and potentially gain. It didn't matter if the guy was running a scam, might as well give him a shot in case he pulls it off since the buy in is so low (some tech they didn't care about). Oh "what about their reputation" you say? The only people who will know or care about this already have their driveways filled with Model 3s and 4runners and turn up their nose at GM.…
No, investing 2 Billion in a scam essentially ruins the credibility of many people and puts the CEO in jeopardy.
Being stupid has consequences, even if you can back out.
"The big banks, the suppliers, the big corporate entities GM has to deal with don't care "
Of course they care - you think that the suppliers of GM who give GM massive credit want to know that the company is doing something this dumb and could end up in Chapter 11 - again - where they lose their money?
There is no positive spin on this for GM it makes them look like idiots - to the point wherein the CEO should definitely be fired because this is not just 'some deal' it's an existential issue concerning their future.
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From GM's perspective they stood to lose nothing and potentially gain. It didn't matter if the guy was running a scam, might as well give him a shot in case he pulls it off since the buy in is so low (some tech they didn't care about). Oh "what about their reputation" you say? The only people who will know or care about this already have their driveways filled with Model 3s and 4runners and turn up their nose at GM.…
But they still committed engineering and corporate resources, even if just to do planning and run estimates. I get that it is not a lot in the grand scheme of things for them, but it went quite far if the scam was so obvious. Or can I get a meeting with GM with an animator and mockups?
Trevor Milton invited me to his headquarters to prove his trucks weren't fake. While we were having lunch I asked him about the longtime friend of his (15 years, went to his wedding) who he had framed for extortion. The friend later committed suicide when he got out of jail. This was all happening during the Nikola reverse-IPO process. After a recording of our conversation was posted online, a bunch of women came for…
Just to be clear, did you record this in a jurisdiction that is single-party consent for recording audio?
It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
Almost the entire market is now a scam IMHO. Remember, price is a function of supply and demand. People are blindly putting money in their 401k at a fantastic rate which is higher than the rate they take it out. This is part of why it was so important not to let Covid affect white collar jobs.
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Almost the entire market is now a scam IMHO. Remember, price is a function of supply and demand. People are blindly putting money in their 401k at a fantastic rate which is higher than the rate they take it out. This is part of why it was so important not to let Covid affect white collar jobs.
Isn't 401k tax-free in the US? At least where I'm from, people put money into these kinds of pension funds since they don't have to pay any tax on the profits, which is usually enough to beat any other low-risk investments.
Traditional 401k is pre-tax going in, taxed coming out (a good deal for most people, who even with savings are likely to be lower tax bracket in retirement than during much of their working career.) Roth 401k is post-tax going in, tax-free coming out (a good deal if you are saving enough to end up in a higher tax bracket in your retirement than most of your working years.)
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Just to be clear, did you record this in a jurisdiction that is single-party consent for recording audio?
Just curious because I would like to learn a different perspective, why would it matter? I could see maybe for a trial but here, on the internet, what is the issue?
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Trevor told Jonny Robb to stop posting about his behavior towards women, and in exchange he would give him $500,000. He told Jonny to come and collect $50,000, and that $50,000 would be paid in successive increments as long as he continued not to post. When Jonny arrived to meet Trevor he found that Trevor was with the police and it was a sting operation. He was arrested for extortion and possession of a controlled s…
>Trevor told Jonny Robb to stop posting about his behavior towards women, and in exchange he would give him $500,000. IANAL, but how is that not entrapment? Or even if it wasn't entrapment, how is it different than signing a NDA/non-disparagement contract? >possession of a controlled substance (weed + mushrooms in his car) okay that's just dumb.