Sunday, November 1, 2020 1:00 AM EST
It’s amazing Nikola is still trading. I guess we’re getting a glimpse into what Theranos or WeWork would have been like, if they had made it to a public offering. Expect more of the same, in my opinion.
On a semi-related note, Tesla seems to definitely have lost its verve.
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Very seldom does an emotion driven trend keep going for an extended length of time. This is not a new discovery, I realized that fact 50 years ago.
Perhaps I'm late to the party as I'm not familiar with $NKLA, but is Nikola corrupt the way Theranos was or the way WeWork probably was.
I would not call the Tesla organization corrupt, so much as overly ambitious and perhaps a bit detached from reality on occasions. They do produce a fantastic vehicle that does deliver as claimed. The principle burden is an overly bombastic CEO.
Fantastic product yes, but a crazy CEO that's a bit of a loose cannon. $TSLA.