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Nikola Corporation


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It makes battery-electric and hydrogen-electric trucks and gained 20% on Tuesday after doubling during Mondays trading session. 

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Some of Mondays surge came after a Tweet from CEO  Trevor Milton

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Is this something worth investing in or will the bullish movement be short lived?

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It made a promising move in the middle of May.

Best to set up stock screeners to scan the market for stocks that are potentially building up big momentum, to try and catch them before they make a big move.

Would have thought the best is over for now?

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It would of been good as a swing trade..but as a long term investor i would not buy, .lots off ppl will cash out.. Is it worth investing in?, it is highly speculative and has many red flags. ie

 

1. Actually Makes no vehicles right now. ( No proven track record)

2. Reservations quoted are really not certain, has no deposit has to be put down!

3 Ceo does not have a good track record and will step down and become chairman . New ceo

4 I dont think they will be cost competitive with tesla who has a proven track record

5. Many claims of battery tech but no end product..results in the lab do not always translate to production.

 

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