Nikola Zooms To $26 Billion Market Value Upon Market Debut

Tesla Inc. shares are at an all-time high. Hertz Global Holdings Inc.’s are well above where they were before the company went bankrupt. But no stock in the automotive sector is a better indication of equity-market exuberance than Nikola Corp.

The aspiring battery-electric and hydrogen fuel-cell truck maker debuted on the Nasdaq last week following a reverse merger with a blank-check company headed by a former General Motors executive and board director. It’s forecasting zero revenue for 2020 and its first $1 billion year won’t be until 2023.

ricks0me - 6/9/2020 5:51:35 PM

+1 Boost

Nikola Zooms To $26 Billion Market Value Upon Market Debut

If I bought in at the right price, that stock would be gone.