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Nikola was riding on Tesla’s momentum

By: bigballss



Nikola conned GM out of 2 billion and many other companies too. Exploited their eagerness to enter the EV stage and compete with Tesla. Tesla’s stock surge is helping other EV startups with cash from investors and aggressive valuations. Nikola had a great story with the hydrogen cell angle but it looks like it was all a con to take fools money. Companies like GM don’t usually fall for cons like this but Tesla has all the ice manufacturers going in circles while trying to catch up. Going in circles while trying to catch up.
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