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Message: Nikola NASDAK:NKLA is on the rocks

Nikola (NASDAQ:NKLA) continues to drop at a precipitous pace despite a global push towards clean energy transportation. The company has seen its valuation plummet from a market capitalization upwards of $30 billion to its current market capitalization of $1 billion. The release of the Hindenburg Research Nikola short report has severely hindered Nikola's ability to generate any meaningful hype for its products.

More relevant however, is the fact that hydrogen technology is clearly falling behind battery electric technology in the clean energy war. With heavyweights like Tesla (TSLA) investing tens of billions of dollars in electric vehicle technology and practically the entire auto industry following its lead, Nikola has very little chance of surviving in the coming years.

https://seekingalpha.com/article/4594491-nikola-the-end-is-near?mailingid=31209217&messageid=must_reads&serial=31209217.2125153&utm_campaign=Must%2BReads%2Brecurring%2B2023-04-18&utm_content=seeking_alpha&utm_medium=email&utm_source=seeking_alpha&utm_term=must_reads

 

 

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