Well Nikola is a classic example of what happens when a scam gets too big.
Newbie investors hop on board, who are misinformed and think, basing their opinion mostly on mainstream media articles, that Nikola will be the next Tesla.
Unfortunately the mainstream media is totally clueless, and it becomes more and more apparent that Nikola is and has been an elaborate...
NIKOLA's CEO Trevor Milton is comeing out with gigantic claims about their company. There is not enough visibility/evidence about these claims to any investor.
NIKOLA's rotten core wil slowly but surely reveal itself within the comeing months. Bulls will be holding back and sensible people will sell the stock before Trevor Milfred can prove anything real.
SHORT
I don't see any big investors rallying in before they see alot more than what Nikola has delivered so far.
They're 2Q revenue of 30k came from excecutive member buying solar panels from Nikola :D...
Cathy Wood publicly stated Nikola is headed to 0 in their view.
My bets are on 1 and 2...
Cheers!
