Only prove that the market is always wrong. laugh. when i was small, i read the books saying the market is always right. but the more trades i do, the more stronger feeling i get is the market is always wrong.But i think it is correct. if the market is always right, how can we make money?
Nikola took large dump today after i posted that, down 8%: "Nikola said on Monday that it has begun taking preorders for its Badger pickup truck, an electric dynamo that appears to exist only in prototype form as of right now. While the company has announced some impressive specifications for the truck -- 906 horsepower, up to 600 miles of range, available with or without a hydrogen fuel cell range extender -- it has yet to say where the truck will be built, when deliveries will start, or what the Badger will cost."
With enough market cap, past sins are forgiven. Even fraud it seems. Elon Musk has ascended to Sainthood.
the same as Amazon, Netflex, so on and on.... those guys just like to play the same game again and again. And with the American people's pension money! that is the point!
I have more confidence in Workhorse Group (WKHS) than NKLA producing a viable EV product. I wouldn't be surprised if Workhorse was bought by GM once they have their production going and shown sales/demand.
First of all such price for the company is caused not by quantity of sold cars or their quality, but by an advertising campaign thanks to which literally for five years everyone started to speak about Tesla. As a great contribution to the promotion of the company made Ilon Mask, who has already become the image of a progressive and fearless man who drives the development of technology. In fact, he has become a modern analogue of Steve Jobs and so people like him and his company very much. At the same time Toyota does not offer anything revolutionary and is not associated with anything progressive in people, so I am not surprised that Tesla has overtaken Toyota and I think in the near future we will see Tesla on equal terms with Mercedes.