GM scales back partnership with electric truck startup Nikola
1–10 of 122 posts
Re: GM scales back partnership with electric truck startup Nikola
#2https://www.youtube.com/watch?v=IKlZgI65gEk
If anybody wants a very entertaining synopsis of what transpired.
Re: GM scales back partnership with electric truck startup Nikola
#3It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
Re: GM scales back partnership with electric truck startup Nikola
#4It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
Yea, the WSB crowd is having a field day with this one. Calling in Theranos 2.0
Re: GM scales back partnership with electric truck startup Nikola
#5It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
Hopium is strong in RobinHood bag holders. See: already bankrupted Hertz shares.
Re: GM scales back partnership with electric truck startup Nikola
#6It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
Indeed. Much like DOW hitting record highs while people line up at food banks.
Re: GM scales back partnership with electric truck startup Nikola
#7It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
https://www.google.com/amp/s/www.architecturendesign.net/ins...
The market can only price accurately if all participants are rational or at the very least are on average rational.
As the effective number of participants falls and the need for those participants to make rational economic decisions falls, were likely to see more weworks, theranos, and nikolas.
Wait until we see someone buy multiple city blocks of Manhattan for conversion into a private yard.
Re: GM scales back partnership with electric truck startup Nikola
#8NKLA has nothing now, what we're left with is evidence of the new era of 'RobinHood' traders et. al. thinking they're on to something, or not realizing that it's really over, keeping some kind of valuation in place.
We may be in a new era of equities, where the unfortunately under-informed masses are able to really move the needle on a lot of stocks, throwing all sorts of value-trading strategies out the window.
In this kind of market, all you need is a Donald Trumpish like figure and nothing else to keep the fake-valuation going on forever.
Honestly, if Trump were smart he should literally wrap up his businesses in some kind of non-transparent black box, IPO the meta entity right now and get his zillions of 'backers' to hype up is stock perpetually.
Re: GM scales back partnership with electric truck startup Nikola
#9It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
Yea, the WSB crowd is having a field day with this one. Calling in Theranos 2.0
Theranos at least fell apart once the WSJ put out extremely strong evidence that it was fradulent. The innovative tech that Nikola claimed to have was shown to be fradulent months ago, but they're still worth billions of dollars.
Re: GM scales back partnership with electric truck startup Nikola
#10It's an incredible testament to the distortions of the capital markets that Nikola's current market cap is still $7.84 billion, and not zero. There's nothing that justifies that other than the hope that one will be able to leave others holding the bag.
https://www.google.com/amp/s/www.architecturendesign.net/ins... The market can only price accurately if all participants are rational or at the very least are on average rational. As the effective number of participants falls and the need for those participants to make rational economic decisions falls, were likely to see more weworks, theranos, and nikolas. Wait until we see someone buy multiple city blocks of Manha…
WeWork and Theranos were priced badly in private markets, which is a completely different kind of fraud/misleading than after the IPO, when it's a matter of public communications.
Before IPO, I think almost every fraud is unique, even if they have common themes ... but after IPO I think it's more similar to just hype-man using PR and media to keep retail investors avoiding the reality of the balance sheet.