When was the last time that GM was important? The 1950s, I guess? In any event, the week started off with the huge news that GM had bought a butt-ton of NKLA stock. Nikola shot up over 50%. As the chart shows below, anyone who go suckered into GM’s big-brained decision got their heads handed to them. The company is being called and fraud and, shockingly, the company says that just ain’t so.