Nikola dropped enormously on opening and then, in a single minute, $24mm of the stock was bought.pic.twitter.com/1N4VLJQj0K
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a fuel cell is completely unsuitable for a pick up truck, it’s low power density and high cost. The stats that they’re putting forward imply a major breakthrough in the fuel cell technology but they haven’t explained anything about technology. engagement is all with investors
they haven’t sold any vehicles they don’t have a factory and the leader ship style seems really weird. this company probably wouldn’t have won the student competitions I judged, so much braggadocio, and the valuation is spectacularly ahead of where it should be
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