It is an example of better opportunities elsewhere. There was some shady business going on and they are still a long way from profitability. He would prefer Tesla or other automakers.
Sell, because Nikola looks like a business plan, not a business. On Tuesday, it partnered with GM to place its fuel cells and offer battery technology into GM's trucks. The market loved the deal, though the stock has pulled back since, based on a scathing short-seller report that accuses fraud, that cars using these batteries doesn't work. Nikola denies all allegations and will sue the short-seller. Why not show a vehicle that is using Nikola technology to disprove allegations? Nikola is so early in its development, so you're betting on management.
Nikola Inc. is a American stock, trading under the symbol NKLA-Q on the NASDAQ (NKLA). It is usually referred to as NASDAQ:NKLA or NKLA-Q
In the last year, there was no coverage of Nikola Inc. published on Stockchase.
Nikola Inc. was recommended as a Top Pick by on . Read the latest stock experts ratings for Nikola Inc..
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
0 stock analysts on Stockchase covered Nikola Inc. In the last year. It is a trending stock that is worth watching.
On 2024-12-03, Nikola Inc. (NKLA-Q) stock closed at a price of $1.655.
NKLA is only a $700M market cap company, even with a double in the past two weeks. It has a lot of debt, losing money, and has massively negative cash flow. Cash flow was -$625M in the last 12 months. It is going to need a lot more capital. The rally is 'probably' a short squeeze, with a 20% short interest. We can't endorse it in any way on a fundamental basis.
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