Electric Truck Startup Goes Public - Market Cap Surpasses Ford

[Palumboism]

Truck Startup Nikola Goes Public And Surpasses Ford In Market Capitalization
BY Brad Anderson

Hydrogen and electric truck startup Nikola went public last month and the company’s market capitalization has already soared past that of Ford.

Market Watch reports that since Nikola started trading publicly last Tuesday, shares in the company have more than doubled and during intraday trading, the company’s market value eclipsed $30 billion, higher than the $28.8 valuation of Ford and Fiat Chrysler Automobile’s market cap of $20.5 billion.

Nikola has yet to deliver a single vehicle but claims to have secured over $10 billion in pre-orders from commercial clients that include brewer Anheuser-Busch who has ordered 800 trucks.

https://www.carscoops.com/2020/06/truck-startup-nikola-goes-public-and-surpasses-ford-in-market-capitalization/


Do any getbiggers want to jump on this volatile stock Nasdaq NKLA?

[IroNat]

Nope.  You'd be late to the party.

The sucker money has already been made on that stock.

[gib]

Nope.  You'd be late to the party.

The sucker money has already been made on that stock.

And even if it hasn’t been fully made, I would stay well away. Cool looking car though.

[Hypertrophy]

Nope.  You'd be late to the party.

The sucker money has already been made on that stock.

Yeah, like when FB went public at about $30 and now is at $237? Stick to posting on Getbig, lol

[Irongrip400]

So it’s a rip off, name wise, of Tesla? Or is it an Elon Musk venture?

[IroNat]

Yeah, like when FB went public at about $30 and now is at $237? Stick to posting on Getbig, lol

How much are you buying?

I own a bunch of Facebook in my index fund.

Probably have some Nikola in there too.

[El Diablo Blanco]

I'm a huge car person and how the fuck have I never heard of this company?

[SOMEPARTS]

So it’s a rip off, name wise, of Tesla? Or is it an Elon Musk venture?

There are two types of ways to make money. One is to invent something, but the reality is that most big money is made by those that copy, refine and market existing ideas. Nikolai Tesla himself invented things that we take for granted everyday and died nearly penniless.