Nikola: The Case For Upside Revaluation

The Asian Investor
29.11K Followers

Summary

  • Nikola produced 50 Nikola Tre BEVs in Q2’22, meeting production guidance.
  • Guidance for FY 2022 deliveries was confirmed.
  • Investors will likely see a capital raise soon.

The truck driver is driving

Nikola Stojadinovic/E+ via Getty Images

Nikola Corporation (NKLA) has clearly not been a great investment for shareholders in recent years. Nikola's founder got into trouble with the SEC for over-promising on the electric vehicle ("EV") company's technological capabilities which resulted in an

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Analyst’s Disclosure:I/we have a beneficial long position in the shares of NKLA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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