I'm watching NIKOLA (Please see my post #3)

[A HERETIC I AM]

Last edited Sun Sep 27, 2020, 03:12 PM - Edit history (1)

An electric vehicle maker that has a Class 8 Tractor in the pipeline and just announced a deal to manufacture electric garbage trucks.


https://finance.yahoo.com/quote/NKLA?p=NKLA

Their Electric/Hydrogen Hybrid semi;



Their all electric semi, this one in "Day Cab" format;



Interesting.

Disclosure; This post is in no way intended to suggest anyone purchase, nor is it a solicitation to buy NKLA or ANY other security. Buying equities carry risk, and every individual needs to understand those risks before buying any security of any type. I put it up because I am a trucker, and it might be of interest to the group. Do your own due diligence before considering buying any stock.

[JudyM]

1. Would love to see these take over all trucking. Not bad to look at, either!

[Sherman A1]

2. Interesting

Thanks for posting. I really like seeing electric vehicles and the progress being made.

[A HERETIC I AM]

3. Looks like this whole thing might crash and burn.

And this is a perfect example of why I feel it is inappropriate to recommend individual stocks in this group and why I put the disclaimer in my OP.

https://seekingalpha.com/article/4376518-nikola-hype-comes-crashing-down

(SNIP) The Nikola (NKLA) story appears to be unraveling before our very eyes. The company continues to face a barrage of bad news, from the resignation of executive chairman Trevor Milton to the falling through of its BP (BP) deal. It is becoming increasingly clear that Nikola is not the revolutionary company that many had hoped it would be.
Trevor Milton's Exit May Not Be Good News For Nikola

Despite the fact that Trevor Milton is at the center of Nikola's recent controversies, Nikola may not actually be better off without him. Trevor Milton was arguably the driving force behind the Nikola hype machine, which has allowed the company to gain far more recognition than they would have otherwise.

The fact that Nikola was able to reach a valuation of ~$30 billion and secure the large deals that it had was largely a result of Trevor Milton. Nikola has nothing from a technology standpoint that should warrant a valuation even close to even its current levels. Moreover, Nikola has yet to deliver a single vehicle, which is surprising given the company's market capitalization.

The details behind the Nikola-GM deal is only further evidence that Nikola has greatly exaggerated its technological capabilities. The agreement between Nikola and GM states that Nikola will use GM's Ultium battery system and its Hydrotec fuel cell technology. It is becoming increasingly clear that Trevor Milton's ability to drive hype was the most important factor in Nikola's rise.

The General Motors deal may be their saving grace;

GM Deal May Offer a Ray of Hope

Nikola's last hope may be its deal with GM. Despite the fact that the deal is incredibly lopsided in favor of GM, Nikola will have access to GM's technology and manufacturing capabilities. This will at least give Nikola a fighting chance in an increasingly competitive clean energy transportation industry.

However, GM's expertise lies in traditional ICE vehicles and not in clean energy transportation technologies. It is hard to imagine how Nikola will compete with behemoths like Tesla even with GM's help. Moreover, there are a plethora of other large automakers flooding into the battery and fuel cell industries.

More at the link above.