Pre-merger surge drives Nikola value to $12 billion

[Mike]

Before building a single vehicle for sale, the valuation of fuel cell electric truck maker Nikola Corp. quadrupled to about $12 billion during a week of frenzied trading in shares of its merger partner.

Double-digit daily upward moves in VectoIQ, the NASDAQ-traded holding company that is acquiring Nikola in a reverse merger, sent VTIQ shares as high as $35.38 early on May 13 compared with a closing price of $14.12 on May 6.

Two events supercharged the share price.

Pre-merger surge drives Nikola value to $12 billion

With a June 2 merger vote that would make fuel cell electric truck maker Nikola a public entity, the company’s book value has quadrupled to $12 billion in the last week.

freightwaves.com

 

[Uncle Birchy]

Before building a single vehicle for sale, the valuation of fuel cell electric truck maker Nikola Corp. quadrupled to about $12 billion during a week of frenzied trading in shares of its merger partner.

Double-digit daily upward moves in VectoIQ, the NASDAQ-traded holding company that is acquiring Nikola in a reverse merger, sent VTIQ shares as high as $35.38 early on May 13 compared with a closing price of $14.12 on May 6.

Two events supercharged the share price.

Pre-merger surge drives Nikola value to $12 billion

With a June 2 merger vote that would make fuel cell electric truck maker Nikola a public entity, the company’s book value has quadrupled to $12 billion in the last week.

freightwaves.com

It's all "Speculating"...

Market should be "Half" its current close..

But with the Federal Reserve stepping in to bailout Stocks and Failing Corporations at the "EXPENSE" or the Rest Of US..

Eventually Inflation will "Skyrocket" to payoff all those "Trillions" in Bail-Outs

At the same time these entities have no "Moral" Hazard because why be SMART when the FED can just Bail You Out..

We shall see another orgy of BuyBacks and that Trump will yell Negative Interest Rates..

Wanna know what NEGATIVE RATES are just look at the Eurozone and Japan and see how that's worked out..

 

[Rigjockey]

Nikola and Tesla should merge to become Nikola Tesla.

 

[Mike]

Nikola and Tesla should merge to become Nikola Tesla.

I see what you did there.....

 

[ironpony]

Before building a single vehicle for sale, the valuation of fuel cell electric truck maker Nikola Corp. quadrupled to about $12 billion during a week of frenzied trading in shares of its merger partner.

Double-digit daily upward moves in VectoIQ, the NASDAQ-traded holding company that is acquiring Nikola in a reverse merger, sent VTIQ shares as high as $35.38 early on May 13 compared with a closing price of $14.12 on May 6.

Two events supercharged the share price.

Pre-merger surge drives Nikola value to $12 billion

With a June 2 merger vote that would make fuel cell electric truck maker Nikola a public entity, the company’s book value has quadrupled to $12 billion in the last week.

freightwaves.com

Nikola needs to produce a working prototype.

 

[Mike]

Nikola needs to produce a working prototype.

Why, when they keep finding ways to scrape more money from others?

 

[ironpony]

Why, when they keep finding ways to scrape more money from others?

Fools and their money deserve to be parted.

WC Fields.

At this point I'd say its doubtful they'll get anything usable working.