1/ Thread on my latest article for @gurufocus in which I attempt to answer the question, "Can Nikola Motors Survive Without a Partner?"

Read on or click the link below to find out. $NKLA $GM

https://www.gurufocus.com/news/1261251/can-nikola-motors-survive-without-a-partner/?r=4bf001661e6fdd88d0cd7a5659ff9748&mod=mw_quote_news">https://www.gurufocus.com/news/1261...
2/ Despite having cooled in the weeks following its IPO, $NKLA/s stock remained a hot investor topic throughout the summer. The 9/8 announcement of a manufacturing partnership with $GM reinvigorated market attention.

Then everything went off the rails. https://www.cnn.com/2020/09/08/business/nikola-gm-badger-electric-vehicles/index.html">https://www.cnn.com/2020/09/0...
3/ Let& #39;s start with the demo crisis:

On 9/10 @HindenburgRes released a bombshell report alleging that $NKLA faked a 2018 demo of Nikola One, a supposedly working prototype fuel cell truck. According to the report, the semi was anything but functional. https://hindenburgresearch.com/nikola/ ">https://hindenburgresearch.com/nikola/&q...
5/ Let& #39;s turn to leadership:

From the outset, Trevor Milton went all in on the classic @elonmusk playbook. Much like Musk, Milton leveraged Twitter, to promote $NKLA& #39;s brand and establish himself as it& #39;s leading (and indispensable) man.

$TSLA $TSLAQ

https://www.gurufocus.com/news/1166700 ">https://www.gurufocus.com/news/1166...
8/ Mark Russell joined $NKLA in early 2019. Thus, while he wasn& #39;t there during Demogate, he is deeply embedded in the corrupt ecosystem. Like @Boeing replacing its corrupt CEO w/ its own board chair who had been asleep at the wheel for years. $BA $BA.D https://nikolamotor.com/press_releases/mark-russell-named-nikola-president-57">https://nikolamotor.com/press_rel...
10/ Boiled down, the deal would make $GM responsible for virtually all operational, technological, engineering & manufacturing activities. $NKLA, meanwhile, would be responsible for little more than concept renders and PR pizazz. What a deal! https://media.gm.com/media/us/en/gm/home.detail.html/content/Pages/news/us/en/2020/sep/0908-gen2fcs.html">https://media.gm.com/media/us/...
12/ With a deal deadline set for 12/3, $NKLA has precious little time to come to new partnership terms with $GM, while its battered reputation and shrunken share price have likely weakened its negotiating hand. Not a great look for the company! https://www.fool.com/investing/2020/10/02/nikola-and-gm-reportedly-renegotiating-partnership/">https://www.fool.com/investing...
13/ All right, time for final thoughts:

Building auto manufacturing infrastructure takes time & costs a lot (just ask $TSLA). $GM had been more than willing to provide these crucial functions to $NKLA at a remarkably generous price. That& #39;s now in doubt.
https://www.gurufocus.com/news/1261251/can-nikola-motors-survive-without-a-partner">https://www.gurufocus.com/news/1261...
14/ While newly minted CEO Mark Russell has attempted to show strength, claiming that $NKLA can go it alone without $GM, few industry analysts believe such a course is possible. It& #39;s a lesson others have learned the hard way (*cough* $TSLA *cough* $TSLAQ) https://twitter.com/Tweetermeyer/status/1235706900810854400">https://twitter.com/Tweeterme...
15/ To sum up, $NKLA desperately needs a manufacturing partner with a track record in the auto industry. $GM remains its best hope, but it will likely cost a lot more than initially anticipated.

Full article:
https://www.gurufocus.com/news/1261251 ">https://www.gurufocus.com/news/1261...
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