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I wouldn't recommend it. Many of us have known for months and months that the company is 100% fraud but the market stays irrational.

• samizdis 5y ago
  I'm actually a little surprised that shares fell so much on this news, I'd have thought that this info - or wide expectation of it - was already discounted in the price. Is it, er, all downhill from here?
  • ericmay 5y ago
    Well they fell only slightly (surprised they fell at all actually) because Trevor Milton was named, not Nikola. So they let him go and now he personally is getting sued, not the company.
    • samizdis 5y ago
      The CNBC article said 11pc in early trading. Just checked the price and it's 7.9pc down atm. That's still quite a drop, I'd say.
      • ericmay 5y ago
        Gotcha - I think the parent said it only dropped slightly so I was reacting to that news at that time. It's definitely a significant drop as you point out. I'm a little surprised at such a large drop though, the small drop made a little more sense to me.
        • rvz 5y ago
          Well it turns out that my $NKLA short went well and I'm still up more than 20pc since I placed my short position 5 days ago. Just closed 75% of my position and set my stop loss to break even. > I wouldn't recommend it. Many of us have known for months and months that the company is 100% fraud Is this the time where I say that I have the last laugh? I think so. As for the down-voters; they are really quiet today aren't they?