Meanwhile, Nikola has $10 billion in orders. Is this a good time to jump into Tesla stock? This puts the market cap of the company, which went public earlier this month following a reverse merger with a publicly-traded special purpose acquisition entity, at about $23 billion - roughly in line with Ford, which sold over 5 million vehicles last year. Nikola, a company that designs and intends to produce electric semi-trucks, has seen its stock almost double to levels of around $65 since early June. While Nikola indicated that it has 14,000 orders for its semi trucks, these are unlikely to be binding, as there was no deposit money required. Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you touch, read, or hear about everyday, impact its stock price. Tesla competitor Nikola Corp. has seen its shares surge since debuting as a public company last week. Nikola vs. Tesla — Tesla stock soars above $1,000 as Musk vows to “go all out” for Semi Elon Musk wants to accelerate Tesla Semi production to compete with Nikola. - that makes the IVECO-brand of trucks and German automotive supplier Robert Bosch. Below, we provide an overview of Nikola’s plans and compare it with Tesla (NASDAQ: TSLA), which also plans to deliver its own all-electric Semi truck in the near future. From a financial perspective, NIO expects to improve its financial performance this year. Currently, investors are willing to pay a very high premium for EV makers. Hyliion vs. Nikola vs. Tesla. Tesla, on the other hand, appears to be untethered at the moment. Here's why investors should buy the stock now. Based on the closing prices on June 14, Tesla (NASDAQ:TSLA), NIO (NYSE:NIO), and Nikola have risen 123%, 52%, and 520% in 2020. Are we gonna be doing some Forex Technical's at all Ed Ponsi? ... For example, as a dividend stock… Naturally, competitors would like to enter Tesla's space and grab a piece of the iconic company's market share. There are opportunities in the EV industry. While Nikola’s hydrogen fuel-cell semi trucks are likely to begin deliveries only in 2023, the company will roll-out a battery-powered truck called Tre next year. © 2020 Forbes Media LLC. It is one of the global companies that develops and manufactures fuel cell products powered by hydrogen in the current alternative energy market. (Photo Illustration by Alexander Pohl/NurPhoto via Getty Images). Earlier this year, Tesla CEO Elon Musk said that he thinks that the share price is too high. Awesome, happy to see this site up.. Our 5 In the S&P 500 That'll Beat The Index: TWTR, ISRG, NFLX, NOW, V looks promising. Retail is back, and this stock's chart is a winner, Traders should approach this stock with caution. On the other hand, Tesla’s valuation has also more than doubled year-to-date to about $180 billion. It is likely to maintain momentum in its current direction, independent of the overall market. For more details on the Class 8 truck market, and the market potential of Tesla’s Semi truck view our analysis Sizing Up The Potential Of Tesla’s Semi Truck, Nikola’s Fuel Cells Vs. Tesla’s Batteries. In order to fill the gap, the stock could pull back to an area just below $900. Before the pandemic, Tesla expected to sell half a million cars in 2020. Markets like to look forward and EVs look promising in the future. Let's go to the charts and compare the technicals of these two competitors. (Photo Illustration by Alexander Pohl/NurPhoto via Getty Images), EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change. Nikola is also in a consolidation phase, but unlike Tesla, the stock's chart is neither bullish nor bearish. Going off chart, Nikola has some of the biggest players in the Class 8 trucking business involved in the company including Iveco, Meritor and Bosch. Like Tesla, this stock has formed a triangle, but in Nikola's case, it's a symmetrical triangle (black dotted lines). This year, stock markets have found a new love for EV makers. EV (electric vehicle) makers including Tesla, NIO, and Nikola have surged this year. NIO expects the gross margins to rise to double digits by the end of the year. You may opt-out by. Nikola Corporation vs Tesla Inc Valuation. This technique can be used to trade highly volatile markets. In June, electric vehicle manufacturer Tesla celebrated its tenth anniversary as a publicly traded company. You can play with assumptions, or try scenarios, as-well-as ask questions to other users and experts. Whichever way the stock breaks will determine the direction of Nikola's next move. The S&P 500 rallied from 2191 on March 23 to 3233 on June 8, for a gain of over 47% in less than three months. Early Customer Interest & Timeline For Deliveries. Nikola’s Partner Driven Manufacturing Vs. Tesla’s Vertically Integrated Model. While the rally in Tesla, NIO, and Nikola meets the definition of a bubble, betting against the markets hasn’t been a profitable strategy either. At some point, Tesla's quality will catch up with them in their little cars and they will have a hard time dealing with customers that have performance demands, instead of customers who are making a fashion statement. Nikola, a company that designs and intends to produce electric semi-trucks, has seen its stock almost double to levels of around $65 since early June. Meanwhile, Tesla hasn’t posted an annual profit yet. So far, EV makers have been astonishing 2020. Both names can be winners, but based on the charts, one is more likely to win than the other. However, Hydrogen fuel cell vehicles could have a couple of advantages, particularly in commercial applications. Nikola is also in a consolidation phase, but unlike Tesla, the stock's chart is neither bullish nor bearish. See all Trefis Price Estimates and Download Trefis Data here, What’s behind Trefis? The platform uses extensive data to show in a single snapshot what drives the value of a company's business. But Nikola pursued the same path earlier this month. Right now, Tesla is hugging its 20-day moving average (blue). In this illustration is displayed on a smartphone's screen the company logo of Nikola Corporation, ... [+] which specialises in hydrogen-powered truck design and manufacture, is shown on the screen of a smartphone in front of a blue backdrop of the global stock markets and worldwide indices in Frankfurt, Germany, on 12th June, 2020. That rising tide lifted many ships, including Tesla and Nikola. Nikola stock opened Thursday trade at $18.10, down 47% since Milton’s resignation just four days ago. All Rights Reserved, This is a BETA experience. In the 1990s, tech stocks soared during the dot-com boom. Tesla short-sellers know what it means to bet against the stock this year. Unlike traditional EV recharging stations that supply electricity, Nikola’s refueling stations need to produce hydrogen, via a process of electrolysis. Secondly, the range is also likely to be higher with Nikola indicating that its truck could have a range of 500 to 750 miles, compared to Tesla’s Semi, which has a maximum range of 500 miles. Sure, its fuel cell technology appears quite promising and it also has plans to expand beyond the truck space, with a pick-up truck called the Badger, which will compete against Ford’s F-150, but the execution risks are high. This is in contrast with Tesla, which has built its own highly automated, vertically integrated manufacturing that should allow for lower costs and better efficiencies. What will happen to Tesla after Wednesday's earnings report? The rise in stock prices has led to astronomical valuations for these stocks. While there’s no objective way to value Nikola, given that it has yet to deliver a vehicle, the stock appears risky at its current valuation of $23 billion. Nikola went public in early June, after a reverse merger with VectoIQ. Is the rise in Tesla, NIO, and Nikola in 2020 reminiscent of the dot-com boom? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams, Led by MIT engineers and Wall Street analysts, Trefis (through its dashboards platform dashboards.trefis.com) helps you understand how a company's products, that you. And Nikola is the underdog many are cheering for. However, the bubble burst and most high-flying tech stocks at the time went into oblivion. It is one of the global companies that develops and manufactures fuel cell products powered by hydrogen in the current alternative energy market. Investors are betting on the increasing electrification of the trucking industry, as the U.S. Environmental Protection Agency finalizes regulations to slash emissions from heavy-duty trucks by a quarter starting from 2027.

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