It was quoted that TSLA is an overvalued stock/company but NKLA is just a business plan. While TSLA is losing money. NKLA has yet to make any money! The problem is that they are burning cash in the process. Developing a nationwide network for fueling stations is not easy or cheap! I am not too bearish on NKLA thus I think is not going to go up or down much in the next weeks. Those who hate Musk and wished they had the balls to short TSLA invest in NKLA just because it is new and cheap and has a great story. Disclosure; I have an Iron Condor on NKLA.
Tesla could ‘run the world,’ but its shares are in a bubble right now, Miller Tabak strategist warns PUBLISHED THU, AUG 27 20207:20 AM EDT https://www.cnbc.com/2020/08/27/tes...-but-shares-are-in-a-bubble-miller-tabak.html
If either of these companies had true vision, they'd restart the Wardenclyffe Tower experiments their namesake started over a century ago. You know...Wireless electricity? Perish the thought! J.P. Morgan would roll over in his grave, and good riddance to a very bad corpse.
As soon as TSLA splits I might play the options spreads on it. I could not have risked (afforded) taking 100 shares of this long or short, as a result of an option play. Ditto with AMZN. Why can they split?
Nkla without any products, no profits or revenues and a prototype that didn't even work. Yep. Wallstreet bubbles are the best to invest in, anything and everything goes.