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Originally Posted by chiefforlife
I still find NKLA fascinating. The deal with GM fell through and their Pickup truck in now not happening. They will focus more on their original plan for over the road trucks.
It is currently below 21.00 and I think its a good buy. It is however a LONG term investment at this point, right?
Looking for some of you smart guys to chime in.
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NKLA has nothing. A few patents, no working prototypes, just some designs. Oh and venture capital. There is some of that. Don’t forget the IP lawsuit. Some of that too. Last I knew their grand plan was to put someone else’s batteries and drivetrain in a vehicle they designed. They failed to do that, rolled it down a hill and shot a video.
So it’d essentially be like a college senior with AutoCad. And is trying to break into a massively established market.
Steer very clear.