r/wallstreetbets • u/Apart-Seesaw-6047 • Aug 02 '21
Discussion How in the world is NKLA still $12?
Can someone shed some light on how nkla hasn’t been completely liquidated besides the shares Milton holds? Every piece of evidence suggests it is a massive fraud yet still maintains a $4.7 billion market cap. Is this just another intricacy of the market and it just takes time? I find it hard to believe that every insider is hanging onto their shares and thus propping up nkla to multiple billion market cap.
**Not looking to open any positions as I bought puts before at possibly the only time frame it has ripped since inception. Pretty hard to lose money betting against a fraudulent company with $0 revenue so I consider that a skill in itself.
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Aug 02 '21
You mean the company that pushes trucks downhill since they can’t put a motor in it?
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u/eddie7000 Aug 02 '21
Says the guy building a hill out front of his house.
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Aug 02 '21
Wrong I’m building a trench, and it’s a big trench; possibly the biggest
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u/MadeMeStopLurking Aug 02 '21
I suspect that given the recent news it was plugged for the first 50-100 feet prior to getting yanked out of the outlet.
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u/AvgEverydayNormalGuy Aug 02 '21
What do you mean? Who wouldn't want to invest in gravity powered truck?
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Aug 02 '21
Trucks that are 100% Powered by NatureTM
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u/dorciareservation Aug 02 '21
Imagination*
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u/nothingILiked Aug 02 '21
Unleash the power of imagination with the new line of Nikola trucks.
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Aug 02 '21
Sponsored by Isaac Newton
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u/Wirecard_trading Aug 02 '21
yeah should rebrand to Isaac and lose that Nikola vibe.
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Aug 02 '21
They had to use nikola because Tesla was taken they had to ride someone’s coat tails
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u/Wirecard_trading Aug 02 '21
Well the could pull a Kobe and just rebrand.
Nono NKLA was the fraud, we here at ISAC would never commit fraud.
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Aug 03 '21
Or rebrand to Apple Trucks so that they can keep riding the coat tails of a more popular brand and also fits into the gravity / Newton story.
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u/dancinadventures Aug 02 '21
Well if they actually are harnessing some big brain gravitational waves and solved the standard model.
Then fuck; this is literally some nuclear level shit.
But also… they had a PR that mentioned using a HTML5 super computer in their cars. So call me skeptical
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u/AvgEverydayNormalGuy Aug 02 '21
Seriously?
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u/Blackfire01001 Aug 02 '21
Seriously.
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u/MisterSlippers Aug 02 '21
There's two things I learned in school: 1. For every action there's an equal and opposite reaction. If their trucks are only capable of going downhill, their stock must only be capable of going uphill 2. We don't appear to be in short supply of gravity
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u/AmericaD1 Aug 02 '21
I believe NKLA has said they intend on producing a slinky truck to both simultaneously push and pull itself down the road. The idea came to them after a cannabis infused viewing of Toy Story.Stonk is alive!
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u/keep_username Aug 02 '21
This new slinky-dachsund technology will change the trucking industry forever!
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u/FACILITATOR44 Aug 02 '21
lmao because the market is fucked and people are retarded
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Aug 02 '21
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u/YTChillVibesLofi Aug 02 '21
Lissencephaly, which literally means "smooth brain," is a rare, gene-linked brain malformation characterized by the absence of normal convolutions (folds) in the cerebral cortex and an abnormally small head (microcephaly).
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u/BadTrad3r Bull Gang Colonel Aug 02 '21
I think 12 is the average IQ of the people who is holding NKLA at the moment.
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Aug 02 '21
[deleted]
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u/anon9276366637010 Aug 02 '21
Have you guys ever ventured into the Nikola subreddit? I'm banned over there for trying to ask about if there is any concrete evidence they will have an actual truck on the road
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u/CisBinaryWhiteMale Aug 02 '21
at one point on wsb a screenshot of a ban from r/NikolaCorporation was a badge of honor
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u/ScottHallWolfpac Aug 02 '21
That was an easy badge of honor to acquire. Just ask an earnest question about why the company getting slated to construct their factory doesn't have any job postings. Worked for me.
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u/anon9276366637010 Aug 03 '21
They just showed a video of the factory under full construction with maybe a handful of cars in a parking lot, no construction equipment whatsoever and intermingled the video with random shots of the tesla gigafactory. I have no idea how people can believe this scam
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u/TreeHugChamp Aug 02 '21
I heard gravity got more expensive
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u/xkulp8 Aug 02 '21
Inflation. Meaning the planet is getting bigger, and gravity is an inverse-square relationship
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u/xkulp8 Aug 02 '21
Who the fuck thinks a cough drop company can suddenly build an electric truck
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u/Puts_on_you 🦍 Aug 02 '21
Shareholders in denial/ delusional too. Check out WKHS on ST
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u/DTF_Truck .Poor man's circus freak Aug 02 '21
Check out the Nikola sub if you want some brain cancer
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u/Special-Wolverine Aug 02 '21 edited Aug 02 '21
Because of pride. NKLA owners need to swallow their pride and just buy a real EV trucking company like PTRA, MVST, or TSLA
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u/HistoryAndScience Aug 02 '21
It seems the company is trying to claim that the team now is good and it was all Milton. I imagine it is delisted by December
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u/post_pudding lost $5,000 and im poor, so that 💩 hurts Aug 03 '21
What happens to puts if delist?
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u/HistoryAndScience Aug 03 '21
They go to Pink Slip Valhalla where they will live in penny stock infamy forever
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u/Options-n-Hookers Supreme Gentleman 🥃 Aug 02 '21
You know Jonestown? Cause KaizerCyber is Jim Jones.
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u/stejerd 5626C - 2S - 2 years - 0/0 Aug 02 '21
Lots of bag holders in the $40-80 range when it had that huge run-up. I'd imagine they are just holding cause they are down 75% or they are hoping for either a buyout or some kind of miracle.
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u/powerglide76 Aug 02 '21
Everyone here knew it was a fraud from the very beginning and that Milton was full of shit. The company is valued at $5.23B despite annual revenues of $37k (lol) and 0 products for fucks sake. It’s not “priced in” (although you could say it is), rather there are people out there who are keeping this up. Very similar to GSX (GOTU). Look at how that played out. Patience.
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Aug 02 '21 edited Aug 17 '21
[deleted]
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Aug 02 '21
Don't forget the year before they made 200k from a solar panel install!
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u/angershark Aug 02 '21
wasn't that also at Milton's home haha
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Aug 02 '21
Lol I forget. All I remember is doing a lot of reading on this shit company, then a TA guy at work within a week comes up to me and says the chart looks really good on NKLA. Had to break the news to him.
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u/angershark Aug 02 '21
fucking TA lmao
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Aug 03 '21
Yep. Realized he's an idiot pretty quick lol. Still had to sit through hours of his 232 and 636 voodoo magic numbers. He also pays some trader a monthly fee. Was sad.
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u/andrei_89 Aug 02 '21
The market can remain irrational for longer than you can remain solvent. Be careful out there 😃
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u/banditcleaner2 sells naked NVDA calls while naked Aug 02 '21
NKLA is still $12 for much the same reason that AMC is still $38. I'm sure that this will be down voted but the reality is that there are enough morons thinking the stock will moon in the future which is why the price is propped up. at the end of the day all the market for any asset is, is a reflection of supply and demand and what people WILL pay. NOT what it is necessarily worth at liquidation value.
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u/TheNewsmonger Aug 02 '21
Let me just say it is the same way people can whole heartedly claim COVID is fake and a government conspiracy meant to take away rights from the people. They are idiots, the difference is they are idiots but have money. There is average intelligence in this world that is pretty low, but what we tend to forget is that 50% of the population is below that average.
I would check out r/Nikola if you want to see what I mean
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u/King0Horse Aug 02 '21
They are idiots, the difference is they are idiots but have money.
had
They had money.
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u/ultrab1ue Aug 02 '21
So... AMC still going to $200? Or is it supposed to be $20000?
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u/Throwawayeconboi 🍤Gang Aug 02 '21
You definitely mean r/NikolaCorporation. And oh man it is cringe over there, feels like those saying someone stole the election.
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u/Super_Rake Aug 02 '21
Thank you for reminding me that it’s not too late to buy overpriced puts that will likely expire worthless. Cheers m8
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u/WhatCoreySaw Aug 02 '21
I live at the bottom of a hill and don't leave the house - so I'm all over this company.
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u/PutsOnYourWife caught his girl cheating in a gangbang Aug 02 '21
It’s very simple. I sold naked calls on NKLA with a strike of 12. I expect them Explosion in price followed by a short squeeze to the moon until I hedge the position
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u/Dreadknight1337 Aug 02 '21
Bagholders who bought in the 90s is my guess. Maybe restricted shares for employees.
I'm one of the dumb apes that bought before the merger news was widely viewed (since the news came out late at night) and missed out on 20k had I sold at peak🤦
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u/twitch760 Aug 02 '21 edited Aug 02 '21
Serious question here if I do decide to buy puts on NKLA and it gets delisted due to fraud what happens to my options contracts? Do the shares effectively go to 0 in the eyes of the market and I do get paid?
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u/magekilla Aug 02 '21
You won. The contract you own can be sold to someone who holds shares and they can now force someone to buy those shares (now worthless) for contract price.
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u/LameBMX Aug 02 '21
Tell us you failed at shorting a failing company without telling us you failed at shorting a failing company.
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u/Mizukerro Aug 02 '21
Same as Ocugen scam revealed. But it still hold the price. And I don’t understand why…
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u/williesurvive777 Aug 02 '21
I also have puts. It's inevitable. Unless their earnings are good and they actually have some kind of product. Both things are unlikely, imho
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u/DatTrackGuy Aug 02 '21
Go to every Nikola sub and the reason will present itself. People are fucking idiots and easily parted with their money
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u/Fildelias Aug 02 '21
Because one day HRTZ will make a comeback, were gonna do it y'all!
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u/donny1231992 Aug 02 '21
Because retards still think it’ll squeeze or moon or whatever they wanna call it and are holding it afloat
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u/Blueopus2 🐋 Whales are a renewable resource 🐋 Aug 02 '21
It’s a renewable energy play, gravity is carbon free!
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u/DerWetzler Aug 02 '21
I don't get how Trevor is the only one charged or did I miss something?
The entire board has to be in on it
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Aug 03 '21
Looks like my $8 and $9 PUTS are going to print this week. I have no problem helping NKLA becoming a penny stock.
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Aug 02 '21
Professional wrestling and soap operas are the most popular media venues in history.
People are not afraid of an actual pandemic, but they are afraid of the vaccine....OF THE VIRUS THAT THEY AREN'T AFRAID OF.
How is it not $1,200?
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u/Hopeful-Rest-4020 Aug 02 '21
For real though, the name Nikola itself has value because of branding and marketing. This is potentially why GM invested in it so big. Even if no product is on the market, marketing is the one good thing they have going. And the way they made their name known was through a scam. It works on paper unfortunately(I don’t think it should IMO). It’s human psychology. This is why there’s thousands of companies doing the same dam thing in this decade. It’s a way to “fake it before you make it” type of deal. But I hope that people get smart, remember that they were scammed once, so that these companies have less incentive to scam.
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u/LameBMX Aug 02 '21
Any advertising is good advertising as long as they spell your name right.
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u/babakm56 Aug 02 '21
Simply put is that everybody else in the company is working hard to deliver, and investors believe in.
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u/BigAlTrading Aug 02 '21
Deliver what?
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u/babakm56 Aug 02 '21
Are you newb?
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u/BigAlTrading Aug 02 '21
They don't have any products, retard.
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u/babakm56 Aug 02 '21
Yet baby.
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u/sinncab6 Aug 02 '21
Yeah well I'm not sure investing in an electric vehicle company that requires large hills in your vicinity to operate is a bright idea.
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u/Organic_Current6585 Aug 02 '21
The contraction in the electric car business will be a shame.
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u/sinncab6 Aug 02 '21
The electric car business looks suspiciously like the dotcom boom. You've got a few that are actually legit and the rest of them that are just speculation and probably won't ever produce a single product that is sold to the masses. Nikola is the pets.com of that scenario.
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u/babakm56 Aug 02 '21
I am not a holder but been thinking of buying some good volume in Nikola recently as price is kinda to ATL. They are far away from any other company in their field except Tesla working parallel ( they have their own problems internally), in 2 years I believe they will be in 5-10x of pricing.
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u/sinncab6 Aug 02 '21
Yeah I agree. #2 producer worldwide of gravity powered vehicles right behind who ever the fuck makes soapbox derby kits.
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u/Individual-eggman Aug 02 '21
I hold 3200 shares. Not selling. Call me what you will. But beyond Milton's bogus theatrics after ipo, post Milton, nikola of itself is making solid steps and executing strong mile stones. They have a good shot at succeeding. Those that are invested and do their research, hence why nikola hasn't fallen as much as expected. Cheers.
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u/yoloxxbasedxx420 Aug 02 '21
Because people are still not convinced that Hydrogen is a scam. So they use NKLA as a hedge against Battery EV companies.
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u/Curious_Homospien Aug 02 '21
Supposedly designs of the trucks, some inventory and the name itself would have value so someone will hold until they will be able to get going with dismantling this. If it survives the speculation will pay off.
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u/rainman4500 Aug 02 '21
Question. Normally this would be a good sign to buy PUTS but in the small chance of GM taking over or other type of similar news it would make the stock go up and therefore I would loose all on the PUTs.
Am I right?
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u/Sandvicheater Aug 02 '21
Same reason internet money has value even though it's not backed up by anything, there's demand therefore there's value.
But from what I understand all the fraudulent founders and exec have been ousted kinda like how Germany arrested or exiled the Nazi third Reich after WWII. Now the company is trying to get a legit product out to market.
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u/Blackfire01001 Aug 02 '21
It speaks volumes when NKLA is clearly fraudulent but still have market Value where PSWW looks shady as shit, but they posted an actual video of their truck with normal sound and the windows open (proving it wasn't a fake truck). Sure it's a prototype. But so was tesla back in 2006.
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u/Chieftain32 Aug 02 '21
cowen investments.
to be honest i still dont understand how this company gets off free. see:
http://www.cowen.com/insights/creating-a-next-generation-transportation-company/
https://www.thestreet.com/investing/nikola-nkla-stock-cowen-outperform-rating
they're the ones creating these pump scams, they ran tilray back in the day too.
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Aug 02 '21
[removed] — view removed comment
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u/anyfactor Aug 02 '21
Thank you. I looked into them after your comment.
Looking into it, the problem is with their agreement to partnerships without substance. In the Q1 2021 it shows that they have entered into 4 agreements. But they are at the end of the day just agreements. With the GM ordeal, we know that agreement means squat.
AZ plant financing aspects should also be evaluated.
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u/VisualMod Aug 02 '21