Author Topic: NKLA - Nikola  (Read 15463 times)

wescobrk

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Re: NKLA - Nikola
« Reply #20 on: June 11, 2020, 04:10:53 PM »
I wish I could ask the people/companies that booked their orders for the truck that comes out in 2 or 3 or 4 years or whatever it is when they could get a Tesla semi, according to Elon, in 2021.

Is the Nikola truck a lot cheaper? Why wait another couple of years and risk going with a company that has never produced a vehicle when you can buy one next year with a company that has a decade of producing vehicles?

That being said, I wouldn't be surprised if this stock goes north of $100 a share.
This looks like a scary short.
David Einhorn has looked like an ass for shorting Tesla for years.

I agree on how crazy the valuation is though.


jalebijim

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Re: NKLA - Nikola
« Reply #21 on: June 11, 2020, 04:48:47 PM »
Update:

My September 12.5 strike naked call short just got assigned.

I'm now the proud owner of negative 700 NKLA shares.





My trade was very profitable and I made money on shorting the calls, but just found out what the short borrow fee is.

Any one want to guess?

510%...... :o

Covered my short due to the 510% borrow fee. Will maybe short calls again if this thing pops too much on Badger day June 26th.

rb

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Re: NKLA - Nikola
« Reply #22 on: June 11, 2020, 05:58:42 PM »
That's why I said I at the top of the tread that now way you should short it.

There are very few shares available. That's why the knuckleheads on Robinhood and eToro can drive the price into the stratosphere. That's also the reason you can't get a decent option on this bag of shit. The dealers can't get shares to hedge their delta. Though I'm sure the ppl that own the big blocks are slowly selling to the morons in exuberant disbelief of the good fortune than stumbled on them.

aws

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Re: NKLA - Nikola
« Reply #23 on: June 11, 2020, 09:16:23 PM »
The prices of puts and calls are so out of whack.  Jan 2021 $40 puts are more expensive than $40 calls when the stock is trading at over $60.  Puts are so expensive you can't realistically make money off them.  Calls are so cheap they probably aren't worth shorting.  They'll have very little premium, and if you get assigned you might be paying over $1 per share per day when short, and when this happened to me in the past I got charged the interest even though I closed the short the same day.  It's obviously overvalued, but until borrow rates come down you can't really do anything with it.

wescobrk

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Re: NKLA - Nikola
« Reply #24 on: June 12, 2020, 06:04:30 AM »
That's why I said I at the top of the tread that now way you should short it.

There are very few shares available. That's why the knuckleheads on Robinhood and eToro can drive the price into the stratosphere. That's also the reason you can't get a decent option on this bag of shit. The dealers can't get shares to hedge their delta. Though I'm sure the ppl that own the big blocks are slowly selling to the morons in exuberant disbelief of the good fortune than stumbled on them.

My apologies about putting the comment about not shorting it. I was just making a general comment.
This will be a fascinating case of psychology. This damn thing has arguably $25 billion of brand value based I think just on the first name of Tesla.
We have seen this before with blockchain, marijuana and others as they became a bubble then popped. If this company can actually execute and the price of hydrogen comes down dramatically over the next 10 years then maybe a $300 a share in the next 3 years, if not, then in the single digits.
Interesting to watch over the years. I tried to look up more on the CEO but haven't found much so far.

Apparently Andrew Left of Citron would love to short it. He thinks it is only worth $40. I thought he would say something like single digits. Even he thinks it is "worth" close to $20 billion.
« Last Edit: June 12, 2020, 06:29:08 AM by wescobrk »

Jurgis

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Re: NKLA - Nikola
« Reply #25 on: June 12, 2020, 06:49:14 AM »
$20B for essentially a name and a bunch of hand-waving is crazy.

But hey

Quote
I should be up a billion dollars!

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Liberty

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Re: NKLA - Nikola
« Reply #26 on: June 12, 2020, 07:11:32 AM »
Fisker Automotive was too early... If it had come out with a few renderings and hand-made prototypes today instead of 10 years ago, it'd be worth at least $30bn instead of going bankrupt.

https://en.wikipedia.org/wiki/Fisker_Automotive

Spekulatius

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Re: NKLA - Nikola
« Reply #27 on: June 13, 2020, 09:45:02 AM »
Where I was going is that these guys said they would outsource production. There are contract manufacturers but the only one with the capability of building a full size pickup that I know of is Magna Steyr. Even other significant contract manufacturers like Pininfarina probably don't have the capabilities to deliver on such a project.

My question was is if I'm missing anything here. Is there a contract manufacturer in the NAFTA region with Magna's capabilities?

You're not thinking like asset-lite second-level thinker.

They can outsource the outsourcing! Then they could provide outsourced outsourced truck as a service.

It's all hydrogen anyway! Hint, hint: what do you get when you burn hydrogen? Spoiler: hot air

More like hot water.
Life is too short for cheap beer and wine.

roark33

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Re: NKLA - Nikola
« Reply #28 on: June 13, 2020, 09:49:59 AM »
This really has serious potential to end up like Theranos. 

I wish someone would write the Bad Blood book while it is happening instead of after. 

roark33

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Re: NKLA - Nikola
« Reply #29 on: June 17, 2020, 01:09:30 PM »
https://www.bloomberg.com/news/articles/2020-06-17/nikola-s-founder-exaggerated-the-capability-of-his-debut-truck?utm_source=google&utm_medium=bd&cmpId=google&sref=cQBAEOvQ

The real shame about this is when people like Milton aren't stopped and thrown in jail, it only encourages more people to do this.  Milton sold $70m worth of stock in the SPAC merger, so even if this thing goes completely belly up, he will walk away with roughly 30m (after taxes and civil penalties:))