NKLA is apparently sitting on nothing but a sketch, and now wants GM to simply use its name as a marketing vehicle to extract some value before the house of cards comes crashing down. Or so says Hindenberg Research, in a report last week. Honestly, we think it's likely correct, but the potential for shorts to get roped in a fleeced right now is also monumental. Small bear bets are likely smart from here.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.