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All discussion of Nikola Motors

Discussion in 'TSLA Investor Discussions' started by Buckminster, Jun 11, 2020.

  1. ZsoZso

    ZsoZso Supporting Member

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    Nah, they are investigating WallStreetBets for collusion regarding the GME short-burn.
     
  2. JRP3

    JRP3 Hyperactive Member

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    • Informative x 1
  3. ZsoZso

    ZsoZso Supporting Member

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    #1063 ZsoZso, Feb 27, 2021
    Last edited: Feb 27, 2021
    The article contains this line:
    Hmmm, my apparently fading recollection is that at the time this was conveyed as if he resigned... Is my memory failing me ?

    ps: OK, it is not my senility, found 2 articles from Sept,2020 both claiming he resigned:
    https://www.cnbc.com/2020/09/21/nikola-founder-trevor-milton-to-voluntarily-step-down-as-executive-chairman.html?__source=iosappshare|com.apple.UIKit.activity.CopyToPasteboard

    Breaking News: Trevor Milton out at Nikola Motor - FreightWaves
     
    • Informative x 1
  4. Mengy

    Mengy Member

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  5. Cosmacelf

    Cosmacelf Well-Known Member

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    Not only that, but wasn't the GM deal simply cancelled, not "revised"?
     
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  6. JohnSnowNW

    JohnSnowNW Active Member

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    Depends on if you work for, or invested in, Nikola or not.
     
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    • Funny x 1
  7. pz1975

    pz1975 Supporting Member

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    The fact that Nikola, which has proven to be pretty much 100% a fraud and lies, is not bankrupt yet is one of my main concerns regarding the general stock market.
     
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  8. RobStark

    RobStark Well-Known Member

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    Nikola still has a market cap of $7B.

    Who are the morons holding this stock?
     
  9. JRP3

    JRP3 Hyperactive Member

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    Bagholders hoping for a miracle?
     
  10. Cosmacelf

    Cosmacelf Well-Known Member

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    It cannot go bankrupt until it runs out of cash. I won’t worry unless they can raise more cash at non fire sale prices.

    Now we can all see where NKLA is heading, but then we all saw where TSLA was heading long before everyone else did, so ... there are just a lot of not too smart investors out there on both the long and short side.
     
  11. Mengy

    Mengy Member

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    There is a tiny chance Nikola eeeks out a business of some kind from all this mess. They do have two prototype semis now (which actually drive this time!) and they are building a factory. I doubt they will be successful without some kind of huge partnership, but if they can wrangle something like that they might still be some kind of contributor to the EV market down the road.

    I wouldn't invest into NKLA with someone else's money though, let along my own. I'd never trust them going forward and I have extremely little confidence in them long term.
     
  12. JohnSnowNW

    JohnSnowNW Active Member

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    Based on my experience with comments in Nikola articles and youtube videos they're retail investors that think NKLA is the next TSLA, and use past TSLA naysayers as evidence.

    In other words, they're naive investors that are treating the bad press as noise, preferring blind faith to reason.
     
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  13. Cosmacelf

    Cosmacelf Well-Known Member

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  14. JohnSnowNW

    JohnSnowNW Active Member

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    So are the ATVs and Watercraft.
     

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