Nikola Stock Price May COLLAPSE on December 1st (WARNING)

TL;DR

Nikola CEO, Mark Russell, avoids answering questions about the company's future, including the impending expiration of the lock-up period, the cost of hydrogen, and partnerships. There are concerns about insider selling and the potential collapse of the stock price.

Transcript

all right let let's talk about the previous management i understand correctly if i'm wrong that you co-owned an entity with trevor milton called a tnm uh residual owns 39 million shares i understand that uh you extended your lock up there's a very big lock up coming up the lock club expiration that you've extended the period that you don't want to ... Read More

Key Insights

• 🤨 The upcoming expiration of the lock-up period raises concerns about insider selling and the potential impact on the stock price.
• 🚚 Nikola's ability to deliver on promises regarding the cost of hydrogen and partnerships is questioned, as the CEO avoids giving direct answers.
• 🖤 The lack of transparency and dodging of questions negatively affects Nikola's credibility and investor confidence.
• 💼 The CEO's comments regarding the Badger truck and need for a business case suggest that prior claims by the company were exaggerated.
• 🖤 Jim Cramer's persistent questioning highlights the lack of substance in the CEO's responses.
• ❓ Nikola's stock price has been volatile due to allegations of fraud and misleading statements made by the company's founder, Trevor Milton.
• 🚚 The future success of Nikola heavily depends on partnerships, credibility, and the ability to deliver on promises regarding hydrogen fuel cells.

Questions & Answers

Q: What are the concerns regarding the expiration of the lock-up period?

There are worries that insiders, including Trevor Milton, could sell significant amounts of shares, potentially depressing the stock price.

Q: Could the cost of hydrogen hinder Nikola's success?

The CEO claims that the price of hydrogen depends on the cost of green electricity, but there is doubt about the company's ability to make hydrogen at a reasonable price.

Q: What is the current status of partnerships with GM and other companies?

Russell avoids confirming any specific partnerships, leading to uncertainty about the future collaborations and the company's viability.

Q: Will insider selling and potential partnership failures affect Nikola's reputation and stock price?

The lack of transparency and reassurance from the CEO raises concerns about the company's credibility and the impact on its stock price.

Summary & Key Takeaways

• Jim Cramer interviews Mark Russell, CEO of Nikola, discussing the company's future and challenges.

• Russell avoids directly answering questions about the lock-up period, the cost of hydrogen, and partnerships with GM and other companies.

• Concerns are raised about insider selling and the potential impact on the stock price, as well as the company's ability to deliver on its promises.