written by reader Recent low for Nikola, Do you think its a good buy right now?

By lotus_fantasy, December 6, 2020

I’ve been following this company for weeks now but never invested. I see that they suddenly bull to $32 then dip to 18, after GM deal confirmed that deal was dropped. Big major investors started bulk selling. I know its not good for a company to see this kind of movement. Price is tempting, they still have high volume as of now and EV still have a continuous growing demand on the market. any thoughts about this? Current price $18 is it a good entry price? is it still a valuable investment since its EV

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December 7, 2020 7:43 am

Never a buy

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Travis Johnson, Stock Gumshoe
December 8, 2020 10:03 am

There are plenty of investments you can make in real companies with real products… I’d stay away from the massive “overpromise” stories like Nikola, personally. Tesla is the dramatic exception, before Elon Musk bullied Tesla into prominence any experienced investor would have told you that starting up a new car company is a hugely capital-intensive fool’s errand… and the odds are pretty good that’s still true, despite the exception of Tesla.

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