Did NKLA finally bottom?
Nikola may have finally put a bottom in around 6.50, it's backtested that region multiple times and it's been rallying hard since the last backtest. NKLA presented the public with a very big update on the future of the company today, they talk about how many trucks would be built at the coolidge facility as well as talking about current phase of construction going on at the facitlity and future additions to the building as well(NKLA is building the factory in 4 phases, phase 1 has been completed already). They gave updates on their energy partnerships with and other collaborations with pipeline companies to help with their goal of refining and delivering hydrogen fuel for the FCEV truck, also they gave updates on the Tre BEV and announced they'll build 200-500 Tre BEVs in 2022 and are pace to deliver 2000 Tre BEVs in 2023 as well delivering their first FCEV series trucks out of coolidge. With Nikola presenting the impressive amounts of progress this past year combined with aggressive timelines they've outlined this stock may have finally bottomed out. Nikola rallied hard into close on the heels of the presentation closing with a price of 10.16, this stock may have finally turned the corner and put the milton drama in the past.
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