Nikola: Back From The Grave

 

  • Nikola officially starts production of the Tre BEV.
  • The EV manufacturer continues to hit milestones, not far behind original targets despite the corporate disruption in 2020.
  • The stock isn't a buy until Nikola raises more funds and completes some initial deliveries of Tre BEV.
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After the founder resigned from his Executive Chairman position back in 2020 due to fraud allegations, Nikola (NASDAQ:NKLA) appeared in a dire situation. At the time, the EV trucking company faced allegations their truck didn't even drive. My investment thesis is turning more Bullish on this survivor in the burgeoning EV trucking sector after previously warning to wait nearly a year for better prices.

Read the full article on Seeking Alpha. 

Disclosure: No position mentioned. Please review the disclaimer page for more details. 


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