It was quoted that TSLA is an overvalued stock/company but NKLA is just a business plan.
While TSLA is losing money. NKLA has yet to make any money! The problem is that they are burning cash in the process. Developing a nationwide network for fueling stations is not easy or cheap!
I am not too bearish on NKLA thus I think is not going to go up or down much in the next weeks. Those who hate Musk and wished they had the balls to short TSLA invest in NKLA just because it is new and cheap and has a great story. Disclosure; I have an Iron Condor on NKLA.
While TSLA is losing money. NKLA has yet to make any money! The problem is that they are burning cash in the process. Developing a nationwide network for fueling stations is not easy or cheap!
I am not too bearish on NKLA thus I think is not going to go up or down much in the next weeks. Those who hate Musk and wished they had the balls to short TSLA invest in NKLA just because it is new and cheap and has a great story. Disclosure; I have an Iron Condor on NKLA.