The Next Few Days Will Decide Nikola’s FutureWas that drop to $0.80 just a bunch of stop-loss selling, or is Nikola diluting more shares to stay alive? Honestly, this stock feels like it’s heading either to $0.20 (bankruptcy) or somewhere around $3-$5 if some good news finally drops.
I’m leaning bullish because I think some big news could hit and send this thing flying. Right now:
• 88 million shares and a market cap of less than $85 million.
• The company’s assets alone are supposedly worth $1 billion.
• If there’s any positive news—like no bankruptcy or a glimmer of a future—this thing could easily triple overnight.
A $500 million market cap feels like fair value for a business projecting $150-$300 million revenue in 2025, which would put the stock around $5 per share.
The chart needs to confirm some momentum. Watch for a daily close above the 20MA and breaking out of those falling wedges. Some wedges have been forming since 2023 and others just started more recently, around August and December 2024.
If it starts clearing these levels, we could see a decent move up. This is a gamble but Nikola is already making trucks and bringing in revenue. Companies like that don’t go bankrupt that easily. And even if they run out of cash, their assets are super valuable, and someone would probably step in to buy them out, merge, or loan them money.
The Bottom Line:
It’s risky, and it might go to zero, but there’s a decent chance Nikola could bounce back hard. If they avoid bankruptcy and just get some solid news, this thing could explode.
