Nikola Corporation analysis - NKLA Stock | NakedTrader

Nikola Corporation analysis - NKLA Stock

Based on technical analysis I will chart Nikola Corporation / NKLA $ stock from the NASDAQ and find support and resistance levels. So lets start with today's chart!

Nikola Corporation: Nikola Corporation is an American electric vehicle (EV) and hydrogen fuel cell truck manufacturer. The company is known for its focus on developing zero-emission heavy-duty trucks and other sustainable transportation solutions.
Origin and Background:
* Nikola Corporation was founded in 2014 by Trevor Milton, an entrepreneur with a vision for revolutionizing the trucking industry through hydrogen and electric power. The company was initially based in Salt Lake City, Utah.
Zero-Emission Trucks:
* Nikola's primary mission is to produce commercial trucks powered by hydrogen fuel cells and electricity, with the aim of reducing carbon emissions and making freight transportation more environmentally friendly.
Hydrogen Fuel Cell Technology:
* One of Nikola's notable innovations is its use of hydrogen fuel cells to generate electricity for its trucks. These fuel cells produce electricity by combining hydrogen with oxygen from the air, emitting only water vapor as a byproduct, making it a clean energy source.
Product Lineup:
* Nikola unveiled several electric and hydrogen fuel cell vehicle models, including the Nikola One, Nikola Two, and Badger pickup truck. These vehicles were designed for long-haul trucking and aimed to compete with traditional diesel-powered trucks.
Public Listing:
* Nikola Corporation went public through a merger with a Special Purpose Acquisition Company (SPAC) called VectoIQ Acquisition Corp. The merger was completed in June 2020, and the newly merged entity began trading on the NASDAQ stock exchange under the ticker symbol "NKLA."
Challenges and Controversies:
* It's important to note that Nikola faced significant challenges and controversies, including allegations of misleading statements and technology demonstrations. These issues led to changes in leadership and a reevaluation of the company's business plans.

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Chapters

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00:00 ⏩ Intro
00:22 ⏩ Nikola Corporation analysis - NKLA Stock
05:59 ⏩ Thanks and Goodbye + Outro

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*Disclaimer*
Please be advised that the content of my videos are intended FOR EDUCATIONAL INFORMATION PURPOSES not financial advice. The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Purchasing cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome. Past performance does not indicate future results.

This information is what was found publicly on the internet. This is all my own opinion. All information is meant for public awareness and is public domain. Please take this information and do your own research.