Nikola: Bleeding Edge
- Nikola generally hit financial and production targets during Q2'22 setting the stage for the next phase of the business.
- The BEV manufacturer continues to burn $50+ million a quarter, quickly depleting current liquidity likely below $800 million now.
- The stock is a Buy once securing additional financing at favorable terms.
- This idea was discussed in more depth with members of my private investing community, Out Fox The Street. Learn More »
Most of the market probably doesn't even realize that Nikola () has started delivering BEV trucks. The company once appeared a scam to some, but new management has shockingly built out most of the original businessinvestment thesis