Last week, on the 13th, I mentioned Nikola (NKLA) approaching an important price gap. Turns out to be well-timed, since that was the exact high. Since then, we’ve tumbled nicely. I suspect plenty lower prices could be ahead.
Anecdote time: I drove downtown last night to grab some dinner for the family, and I parked in front of an SUV. It didn’t look like anything special – – your standard 4-door Toyota or what have you. Turns out………it was a Lamborghini. And I instantly thought of the owner: “What a tool.” Way more money than sense. So you’re going to spend a quarter million bucks on something which will cost a fortune in upkeep, with lower quality, just for a logo? What a dope.
