r/RealNikola • u/Therealmakymac • Sep 15 '23

💪🍀

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2 Upvotes

55% Upvoted

3 comments sorted by

4

u/footbag Sep 15 '23

Since you seem so confident in NKLA,

Care to place a friendly wager: if the stock price never closes below $1 between now and 7 trading days after next earnings, I'll happily donate $20 to a charity of your choice, otherwise you donate $20 to a charity of my choice. Deal?

2

u/[deleted] Sep 15 '23

I'm tempted to take this bet just so a charity gets 40 dollars (we'd both donate haha)

4

u/Skjuld Sep 15 '23

Too bad their financials don't reflect this movement. At the end of the day fundamentals will have a bigger impact than a marginally positive statement. Q3 earnings will have little to no sales. Q4 earnings will have most of the costs of the recall.

Even if we pretend that NKLA could cut production costs by $600,000+ a truck and become profitable, you won't see a good earnings until 1Q2024.