Out Fox The $treet

  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  ( NASDAQ: NKLA ) has started delivering BEV trucks. The company once appeared a scam to some, but new management has shockingly built out most of the original business  plan. My  investment thesis  is still Neutral on the stock due to the need to raise capital and obtain more truck orders to solidify the valuation. Read the full article on Seeking Alpha.  Disclosure: No position mentioned. Please review the disclaimer page for more details...

  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. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street.  Learn More » 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.