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Nikola Motors is simply a scam company, check out the Hindenburg Research Report when they exposed Nikola.
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1 B market cap, for what? don't they only have double-digit vehicle deliveries? or are there more now?
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I can very well imagine that the volatility is based more on takeover speculation. The company has built up an impressive network over the past few years. However, there is a lack of sales for profitability due to the scaling. Perhaps therefore not unlikely that possibly $DTG, $PCAR or $GM could express their interest in a takeover in the background...!
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