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Why I'm Not Buying The Nikola Motors IPO

HyperChange
HyperChange
Episode • May 19, 2020 • 8m

Nikola Motors, a battery/fuel-cell startup is getting ready to list on the NASDAQ via a IPO/reverse merger with VectoIQ. While I'm a fan of the company's ambitious vision, after analyzing the business strategy and Founder Trevor Milton's track record, I'm skeptical. What's your take on this IPO? Would you buy in at a $6B+ valuation?

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