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. 

  Nikola has started making real progress towards becoming a legitimate BEV manufacturer. The company forecast delivering up to 100 units by year end after starting trial production this month. The company needs more capital and normal production delays are likely to disappoint shareholders. Investors should wait for a dip to buy the stock as a 9x EV/S target for 2025 is still expensive for the risk. Looking for more investing ideas like this one? Get them exclusively at Out Fox The Street.  Learn More » As someone ultra bearish on  Nikola  ( NKLA ) after the company went public via a SPAC to an irrational valuation, my view is now more neutral on the stock. The BEV company has made substantial progress towards becoming a legitimate manufacturer of trucks. Ultimately though, my  investment thesis  is neutral on the stock as the current price is still over 9x 2025 sales targets. Read the full article on Seeking Alpha.  Disclosure: No position mentioned...

  Nikola is still waiting on GM to finalize their strategic partnership. The company apparently needs GM's battery and fuel-cell technology to build superior second generation trucks. The stock is worth nearly $11 billion prior to an equity distribution to GM. Nikola has too much risk without a GM partnership and not enough proprietary technology with a deal to make the stock a buy here. Nikola  ( NKLA ) soared 15% on Wednesday following circulation of an  internal report  showing  General Motors  ( GM ) had finally signed the deal to work together. While a signed partnership from GM does solidify Nikola as a viable EV company, the deal doesn't make the stock a bargain. Contrary to my thinking, Nikola hasn't completely collapsed on the departure of founding CEO Trevor Milton, but my  investment thesis  remains negative with the stock up at $25. Read the full article on Seeking Alpha.  Disclosure: Long GM. Please review the disclaimer page fo...

Nikola has a long list of promises to meet in order to reach substantial out year revenue targets. The stock currently has a $15 billion market cap due to 425 million fully diluted shares outstanding. The company remains a 2024 revenue story. Investors need to realize Nikola has 200% upside, but the stock has 90% downside risk over the next few years. As with most IPOs and newly public companies, the initial earnings report is very volatile. The  Q2 earnings report  for  Nikola  ( NKLA ) was no different from the general market despite the unique method of going public via a SPAC. Whether or not to invest in the stock is more related to whether the zero emissions commercial transportation system company can meet staled promises. My  investment thesis  remains negative on the stock, considering the huge jump in the public float and the massive valuation for a company that hasn't delivered on revenues yet. Read the full article on Seeking Alpha.  Disclo...