Nikola has gone from announcing a mega-deal with GM last week to now being investigated by the SEC thanks to a short seller’s accusations of fraud.
Nikola shares jumped almost twice as much as Tesla’s fell yesterday, but let’s not kid ourselves, these companies are still miles apart.
Nikola Corp’s [NKLA] share price has benefitted massively from a surge in the electric vehicle sector, following rivals Nio [Nio] and Tesla [TSLA] to gain 21.6% on Monday (3 August).
Unreasonable hype, bankruptcy, and social irresponsibility! Avoid these three toxic stocks at all costs and invest your money in these other equities instead.
The stock market, while irrational in the short term, will eventually correct itself when it becomes unsustainable. How are you going to react when it does?
Traders and investors appear to be having a cold war of sorts right now, and Nikola Corp could be its flashpoint