Monday, September 27, 2021 5:58:02 PM
September 27, 2021
The stock market wisdom is: Buy on bad news. The supposedly bad news at the moment concerns the founder of Nikola and his behavior, but not Nikola himself, even if the share price suffers from the fact that the former CEO is now being brought to justice. In my microcensus (I asked many small and also some large investors) it is clearly visible that investors "still" avoid Nikola Motors because they have identified a negative mood and some justified prejudice.
I see it the other way around: Last week, the plant in Ulm was presented to the public together with Iveco, as was the TRE. One day 3,000 battery-electric and hydrogen-powered trucks could roll off the production line in this factory. With just under seven percent, the CNH Group is one of the largest single shareholders in Nikola and also a strategic partner. I therefore expect that CNH will also get into Nikola’s technology via subsidiaries such as Iveco, Case, New Holland, Magirus and others. CNH may also increase its stake, which would make perfect sense.
Bosch is definitely the supplier of the fuel cells (new agreement recently reached), which leads me to believe that the supplier company will now hold onto its 5% stake for psychological reasons alone. General Motors (GM) is now just No. 2 for the stacks. However, I would have relied on the stacks from Ballard Power, as commercial vehicles and buses (over 80 million km) are already successfully driving around the world. In addition, the former CNH boss is now a board member at Ballard.
In the United States, the Coolidge, Arizona facility is taking shape. The progress of the construction work can be observed via webcam. At the same time, the company is building a network for sales and service partners - so far 116 - and is setting the tone for the in-house production of renewable electricity and hydrogen.
Meanwhile, I'm also looking at another number: the short interest. This is over 62 million shares, which is over 30% of the free float I have defined. The free float are the shares that can be freely traded on the market, whereby I have excluded the shares of the strategic partners CNH and Bosch. If the news is good, you have to cover up. In extreme cases, there is even a short squeeze, which means that shortsellers who rely on falling share prices could come under severe pressure and stock up on rising prices in order to limit their losses or secure short profits.
https://www-hzwei-info.translate.goog/blog/2021/09/27/nikola-motors-kommt-nach-der-contrary-opinion-der-turnaround/?_x_tr_sl=de&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=nui,elem
Recent NKLA News
- GTS GROUP JOINS NIKOLA DEALERSHIP NETWORK • PR Newswire (US) • 10/10/2024 12:45:00 PM
- Nikola Corporation Announces Date for Third Quarter 2024 Results and Webcast and Q&A Platform for Shareholders • PR Newswire (US) • 10/03/2024 08:05:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/02/2024 12:08:36 PM
- NIKOLA RECORDS SALES OF 88 HYDROGEN-POWERED CLASS 8 TRUCKS FOR NORTH AMERICAN CUSTOMERS IN Q3 2024; 200 TOTAL SOLD THIS YEAR • PR Newswire (US) • 10/02/2024 12:05:00 PM
- GameStop plunges 11% on stock offering, DJT drops post-debate, GSK fails shingles vaccine trial • IH Market News • 09/11/2024 10:25:41 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/06/2024 08:15:06 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/04/2024 07:09:29 PM
- TOM SCHMITT NAMED CHIEF COMMERCIAL OFFICER OF NIKOLA CORPORATION • PR Newswire (US) • 08/27/2024 08:05:00 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/19/2024 08:51:02 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/19/2024 08:45:03 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 08/19/2024 08:29:29 PM
- Form S-3 - Registration statement under Securities Act of 1933 • Edgar (US Regulatory) • 08/19/2024 01:27:09 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/19/2024 01:17:10 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/19/2024 01:16:02 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/19/2024 01:12:30 PM
- Form 424B5 - Prospectus [Rule 424(b)(5)] • Edgar (US Regulatory) • 08/19/2024 01:11:11 PM
- NIKOLA STRENGTHENS SOUTHERN CALIFORNIA HYDROGEN INFRASTRUCTURE WITH NEW HYLA STATION AT TOM'S TRUCK CENTER IN LOS ANGELES COUNTY • PR Newswire (US) • 08/12/2024 12:05:00 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 08/09/2024 08:09:11 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/09/2024 08:04:59 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 08/09/2024 08:04:48 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/09/2024 03:28:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/09/2024 01:10:52 PM
- Nikola Corporation Reports Second Quarter 2024 Results • PR Newswire (US) • 08/09/2024 01:05:00 PM
- US Futures Climb Following Thursday’s Rally, Oil Prices Steady • IH Market News • 08/09/2024 09:50:19 AM
- NIKOLA AND ITD INDUSTRIES LAUNCH FIRST HYDROGEN STATION IN ONTARIO • PR Newswire (Canada) • 07/30/2024 10:30:00 PM
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Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
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