At this time, this stock is highly speculative. Until then, Nikola investors should keep a close watch on how the negotiations pan out. Swing Trade Watch List – Updated Several Times Per Week! Factset: FactSet Research Systems Inc.2018. The startup EV’s future depends on it. Investors must be able to afford the loss of their entire investment. Check out our live trading room. Short interest increased today. If VectorIQ’s shareholders approve this merger, the transaction will increase the cash on Nikola Motor’s balance sheet by $530-770 million, which the company plans to use in building a plant in Coolidge, AZ. Uber (NYSE:UBER) faced a similar meltdown in 2017 when former employee Susan Fowler wrote an open letter outlining the company’s stunningly toxic work environment. 1125 N. Charles St, Baltimore, MD 21201. On our trusted digital marketplace for private companies. Assuming approval by shareholders, the deal should close within a couple weeks after the vote. NMC is led by its visionary CEO Trevor Milton, who has assembled one of the most talented teams in the country to bring the Nikola products to market. Nikola CEO: GM is helping us drive down cost, Ride along in the latest Ferrari convertible, Nissan gives a glimpse of its first Z car in more than a decade, This new electric car has over 1,000 horsepower, See Maserati's first supercar in over a decade, Jeep is reviving a classic. Nikola has very ambitious plans for the future, as evidenced by their mission statement: “Transform the transportation industry while improving employees lives and leaving the world a better place.”. CNN was unable to authenticate the claims made in Hindenburg's report. Real-Time Trade Alerts – Posted Several Times Per Week. Equity securities are offered through EquityZen Securities. There’s some hope that the deal will still go through. Yes you can. The do, however, have $14.3 billion in “pre-order reservations,” including an order for 800 trucks from Anheuser-Busch. In other words, GM would build Nikola trucks. The next day, short-seller Hindenburg Research issued a scathing report on Nikola and its founder, Trevor Milton. On the one hand, I have maintained -- and still maintain -- that there's a business here despite the serious allegations against the company. That's why the sell-off was continuing on Thursday morning. They intend not only to build the trucks, but also to build out the filling stations that will allow the technology to be widely implemented. Mark Russell joined Nikola Motors in February of 2019 after 6 years as the Chief Operating Officer of Worthington. Further research has since unearthed confirming evidence, suggesting Nikola stock could be worth zero. General Motors Will be Left With Junk Stock If It Closes Nikola Deal Nikola’s stock is tumbling as a series of scandals rock the renewable energy vehicle manufacturer. "We are on a path to success and will not waver based on a report filled with misleading information attempting to manipulate our stock. This is where we discuss stocks to trade as well as support and resistance on stocks like $VTIQ. That's why the sell-off was continuing on Thursday morning. On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. Trade Alert “Setups” – Updated Daily By 9 PM! Nikola Motors is a zero-emissions tractor trailer (also known as Class 8 vehicles) manufacturing company based in Arizona. Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing. Investors should be wary of lawsuits going both ways already between Nikola Motors stock and Tesla. Using Peter Lynch’s baseball terminology, that’s a 230 bagger! Nikola Motors currently does not currently have revenue. The Hindenburg scandal was already damaging, but Martin’s sexual harassment scandal made things even worse. It makes sense. The Best Crypto Trading Platforms For 2020. I know who funded it now. NKLA is trading upwards of $50 as of June 8th giving it a market cap of around $`,5 billion. You can buy shares of Nikola Motors stock, or at least the company that is about to become Nikola Motors. On the other hand, if GM decides to move forward, Nikola investors stand to gain handsomely. "Nikola has been vetted by some of the world's most credible companies and investors," Nikola said in a statement Thursday. EquityZen helps investors to access private companies and their employees to sell shares.
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