Mohacsy's Safe Portfolio Member Forum

[santafe2]

Is anyone on the board currently holding NKLA? It was a $10 nothing with no volume until early March this year when it popped up to $15 for about 15 minutes on 17MM share volume.

Then from early May to early June it moved from the low teens to above $90 a share with peak volume of 70MM shares a day.

This month volume peaked at over 130MM shares and seems to be settling in around 25MM shares a day.

There are 379MM shares outstanding and 6% are shorted. That's about the same as TSLA. Of course the valuation is different by more than 50:1.

JPM stood by their buy rating on 9/21 and the stock has lost 40% of its value since then.

Trevor Milton, the founder of Nikola, owns 25% or 95MM shares. Since he's out, he may start selling shares if/as they move up which will put a cap on price.