NKLA Announces Joint Venture with CNH Industrial This is a follow-up to my previous posts.
Today, Nikola announced the joint venture with CNH Industrial that I have been talking about for several weeks.
Why this stock is not moving way up on all the great news is beyond my understanding.
The IVECO unit of CNH Industrial has been building big rigs for decades, and will jointly start building the Tre in Germany with Nikola.
Nikola Tre
Featured snippet from the web
The battery electric NIKOLA TRE is based on the IVECO S-WAY and integrates NIKOLA's class-leading technology. It is the first step on the path towards the fuel cell electric model (FCEV). Dec 6, 2019
www.caranddriver.com
Nikola also announced it has $12 billion in pre-orders for its U.S. trucks, up from the previous $11 billion.
www.bizjournals.com
In a report by Cowen & Co. on June 17, 2020, the report essentially said, "by Nikola outsourcing production, it could mitigate risks that Tesla went through."
CNH is Nikola's partner in the venture. Is there something someone on Wall Street does not understand?
CNH owns over 25 million shares of Nikola or 7.11%.
CNH has a market cap of almost $10 Billion.
While investors are buying up stocks like Workhorse Group, buying on speculation, you have a company here, CNH Industrial, already making billions of dollars aside from the electric vehicles.
This is the stock to own in my opinion. It's all about common sense and profits.
CNH is already profitable so going into a joint venture with Nikola will just add more revenue to the company.
In the link below, CNH is mentioned in the paragraph after the chart. None of the news wires posted the link below to Wall Street news services today. It leaves me thinking, are people secretly buying up CNH before they run it up to $20.00 or $50.00 like they have done with several stocks in the electric vehicle industry?
www.bloombergquint.com
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Workhorse
WKHS Continues Higher But Can It Keep Going?With such a big run this year, can WKHS continue higher after those earnings results?
"Little known electric delivery vehicle maker Workhorse Group Inc (WKHS Stock Report) had found itself in the limelight earlier this year. We reported on this case after it became the leading contender to take over General Motors’ production facility at Lordstown. After the news came to light, thanks to United States President Donald Trump, WKHS stock soared for months as investors believed that the company could be on to something big."
Quote Source PennyStocks.com
