Cramer on CNBC just mentioned that his evening program is going to have a guest from Nikola (not the guy with 2 first names).
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But they did mention having Nikola CEO on Mad Money tonight, so there's thatCNBC's coverage of Tesla... doh!!!
1) there is an EV wave and since Tesla is an TV stock, it's going up. Look at NIO. TSLA obviously caught up in that.
2) Elon Musk is now the world's 2nd richest man, wooo look at that.
3) does it make you nervous? it's so high...
While completely silent on:
1) S&P500 inclusion means it is nothing more than a stable, massive company
2) they make the actual best BEVs in the market and their rate of innovation looks to be the best also
3) they are doubling the number of factories they've got. what does that mean for the future?
4) we are headed for a world with BEVs and no ICE. Tesla is at the vanguard.
5) between now and December 21st a whole boatload of fund managers are OBLIGED TO BUY TSLA and savvy stockholders know this - which is why there are few sellers.
The only conclusion is that this is deliberate.
My money is on December 20th CNBC coverage all of a sudden: "watch out for TSLA to fall off a cliff as investors start to sell, now that the S&P500 buying period is over"
I'm not following. Are you talking about e.g a chassis maker ? How does it matter to them if the order is from 'GM' or from 'Nikola' ?Other People's Money
Nikola is a renevue stream to existing suppliers for an unknown length of time, but dough is dough and visibility helps the supplier's sales.
That doesn't directly, but GM's earnings take a hit if they buy it, (disincentive) whereas Nikola's IPO funds their purchases and are sort of a requirement for use of the money. So Nikola existing increases the changes of the suppliers getting sales/ quantity of sales.I'm not following. Are you talking about e.g a chassis maker ? How does it matter to them if the order is from 'GM' or from 'Nikola' ?
That made sense to me for a moment.That doesn't directly, but GM's earnings take a hit if they buy it, (disincentive) whereas Nikola's IPO funds their purchases and are sort of a requirement for use of the money. So Nikola existing increases the changes of the suppliers getting sales/ quantity of sales.
That made sense to me for a moment.
GM does not buy Nikola
GM gets paid by Nikola to build truck, and spends some of the proceeds on chassis
GM buys Nikola
GM gets Nikola assets (including IPO cash), and spends some of it to buy chassis
If this is the underlying 'business' logic then it is not the suppliers getting more business, it is GM attaching IPO assets to their balance sheet. Fair enough, since it amounts to GM shielding Nikola assets from creditors and shareholders. Yeah ... that sounds like GM to me. CPAs will have to decide if the negative goodwill and legal fees are less than the assets.
Thanks for the insight. As if I needed any more reason to despise GM. My reasoning however implies that NKLA stock value should rationally tank to zilch. Is that correct, or is GM paying for NKLA with GM stock ?
Just in case anyone here is thinking about buying puts on NKLA, due to the upcoming share lockup holding period ending: don't do that. They have extended the lockup period. Sigh. It's going to go up 10% now, isn't it? I really hate that company.
"In November, 2020, members of our board of directors, executive officers, their affiliates and certain entities associated with those individuals voluntarily agreed to extend the lock-up provision on an aggregate of approximately 136,500,000 shares of our common stock, including vested stock options and warrants, through April 30, 2021."
Now up over 20%... I can't for the life of me discern who is buying lol. Mods, I know this is not tsla related, sorry, you can delete this if necessary.
I ***so*** much feel like shorting NKLA again or buying PUTS, but I'm too ignorant of 'financial engineering' to jump in on a short time scaleI'm sure that Trevor will really appreciate that in just over a week when he can start selling shares.
Nothing about Ultium, either. And no definitive agreement, just another MOU. GM will provide fuel cells if NKLA ever actually builds a truck. Just like Nel ASA will provide electrolyzers if NKLA ever builds 900 or whatever fueling stations.And no equity stake in Nikola from GM. This will go down like a lead balloon.
It surprises me. Trevor's exit is the only thing that changed at NKLA since the original MOU. And that was clearly addition by subtraction.In news that surprised absolutely no one....
I guess this is the right place:
Nikola Signs MOU with General Motors
Stick a fork in it, the Badger is dead.
Nikola doesn't even build their own battery modules. The cells come from Korea, another company puts them into modules, and Nikola assembles the modules into their "proprietary" pack
Stick a fork in it, the Badger is dead.