Stock of the Day
Out of context: Reply #394
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- sarahfailin1
Nikola Stock dropped 5% this morning after the founder apparently offloaded $49 million of his own company's stock. The company is facing investigations after getting called out for overhyping their new truck. Not a great sign!
https://www.bloomberg.com/news/a…
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https://www.ft.com/content/1989c…"Milton made brash claims about Nikola in interviews, press releases and on social media. Among the claims that the company now says were inaccurate was Milton’s assertion that an early truck, the Nikola One, could fully function. A now-infamous video purporting to show the truck “in motion” actually depicted it rolling down a hill." - FT
That's while the rest of the market is rallying on infrastructure news, including Biden's pledge to make most cars electric.
IMO, Nikola, like Tesla and NIO are all meme stocks, and the sharp sword of consumer caprice will cut both ways. Sooner or later, people will be panic selling all of them.
- lol at that copy-paste text... howdeydodatsarahfailin
- Dropping still. Below $11 share now (Apr 15)sarahfailin