Nikola: the company's stock falls 25% when CEO and founder abruptly resigns under SEC investigation.
TSLA: falls 7% on its biggest day -- on "battery day" when we learn:
- nothing new of consequence;
- new battery did not make an appearance; and,
- EVs still a luxury buy for rich people;
Some are suggesting Nikola had its five minutes of fame; Tesla had its 45 minutes of fame. The way it looks now, only with government mandates will EVs become a "thing" any time soon (i.e., my investing lifetime). I've read a lot of social media content and it all comes down to this: those that are interested in buying a Tesla, it's their second or third vehicle; but not their primary vehicle, and in more cases than note, their third vehicle. Much could be written but most has been previously said.
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