NIKOLA- The next Theranos?

[bleedred]

Just came across this yesterday, Apparently, this EV company is valued at $20B without even a product and just based on designs and prototypes.

They have been called out now by a short seller and the report is scathing.If true (very likely in my opinion), how stupid are people to believe and invest in such horseshit.

https://hindenburgresearch.com/nikola/

They recently made a deal with GM, which on further scrutiny shows that either GM knew they were frauds and got in bed with them or GM didn't do their due diligence, which would be even more crazy.

Any caftards hold their stocks?

 

[horsechoker]

I always misread Theranos as Thanos

 

[decorativeed]

Just came across this yesterday, Apparently, this EV company is valued at $20B without even a product and just based on designs and prototypes.

They have been called out now by a short seller and the report is scathing.If true (very likely in my opinion), how stupid are people to believe and invest in such horseshit.

https://hindenburgresearch.com/nikola/

They recently made a deal with GM, which on further scrutiny shows that either GM knew they were frauds and got in bed with them or GM didn't do their due diligence, which would be even more crazy.

Any caftards hold their stocks?

You would at least suspect it's a cheap knock-off, pound shop version of Tesla just from the name alone. Wouldn't touch it with a barge pole.