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Oh guys welcome in to today’s video first and foremost let me just say thank you for coming and spending a few minutes out of your day with me here today to hang out and talk about nicolas stock ticker symbol and que la if you remember this is a company essentially trying to become an electric slash hydrogen semi truck maker as well as a pickup truck and some other
Products out there okay they’re trying to do big things they have big hopes they have had big hype and the stock yeah i mean you you see it there i mean it got absolutely destroyed today this stock was down 21.2 7% here today that is a massive massive move down right the stock’s down to $38 in 45 cents here today keep in mind at the beginning of this month okay
July 1st i think today’s the 20th i want to say or something like that right on the first this stock was nearly sixty eight dollars a share and here today it’s 38 so literally just in the past few weeks their stock has gone down like crazy okay and it’s not like it’s just because the whole space is going down or something like that because you look at a stock like
Tesla right and another electric vehicle maker but obviously they actually had products and the real world and those sorts of things look at what that stock has done since july 1st july 1st though the stocks 1100 here today it’s 1,600 obviously so you can’t just say well it’s all the stocks are weakening cuz that’s just not accurate no last time we talked in depth
About nikola stock and we’re talk to you today if i think this stocks up by now or if i think you should continue to wait in my personal opinion okay well the last time we did a big video on this was back when the stock hit almost $90 a share after hours i think during that video it literally had hit over $90 after hours that particular day right and that was 41
Days ago almost 42 days ago now okay and so i hope that video actually saved people a ton of money because if you remember i was super super negative around the stock in that stock price and because we told people like you know if i was in their shoes and i had made a bunch of money in their stock like just take the profits and run so i hope that that video saved a
Lot of people a lot of money from getting in that one at $90 a share or so okay but here we are today the stocks $38 a share we’ve got to ask ourselves is this stock a buy now or should we be waiting on this stock and i’ll give you my personal opinion so hope you enjoy today’s video as always guys smash up thumbs up if you don’t mind for the algorithm that helps out
The channel tremendously okay thank you thank you and also just so you guys know first link in the description if you’re somebody that has $10,000 or more and you’re looking to build into six figures or someone let’s say a 100k 200k in the market and you’re looking as hopefully scaled to seven figures go ahead and check that out down there you can actually get on
A call if you apply and you’re approved with somebody high up from my team we’ll get on a discussion with you and kind of you know tell you a product we have out there that could actually help you scale your portfolio to much bigger numbers then you’re at here today okay nikolas speaking about big numbers holy smokes okay this company still even after the dramatic
Fall in the stock price still has a market capitalization just under 14 billion dollars okay thirteen point eight seven seven billion dollars here today nicola has okay nicola remember this is a company they’re gonna try to come out with the pickup truck semi different types of products they want to be an energy company they want to do a lot of big thing okay let’s
Be honest this company has big visions they want to go after big things they’re super excited right but the company hasn’t proven anything yeah and pretty much in the business world right i mean you go ahead and search up nikolov revenues last year and you’re gonna find zero okay this company is not doing anything revenue wise with the business as of yet okay and
When you see a massive valuation especially when i was pushing up to my thirty billion plus you know are somewhere around thirty billion just you know over that forty fifty days ago right when you see something like that it’s not so much a reflection of nicola it’s more of a reflection about investors desperate to find the next tesla okay look at tesla you know
It’s a sixteen hundred plus dollar stock investors are desperate i mean absolutely desperate to find that next big opportunity they’re looking at nicola and be like maybe this is that this is my tesla because maybe i missed on tesla so now i gotta get a next one right you look at tesla when this company went public i mean basically you go back ten years let’s say
We rewind the clock ten years ago right we’re coming up here on the end of july but we you know let’s do a backtrack all the way till august 2010 the stocks under $20 a share right and here today it’s $1600 think about that for a moment okay that’s a long way okay when i first started dating my now wife right that was november 2011 when we started dating the stock
Was $32 i remember we ended up going to a tesla store i think within a year or so after we start dating that was a first time i ever had seen like a tesla store and got engaged with the brain and things like that was $32 and my goodness you know people lost a lot of money short selling that stock along the way because it’s a long way from $32 you know just like
The people that didn’t believe in tesla it was some people that didn’t believe in a relationship and hey man it’s still working okay no i want to say some good news out there in regards to nickel okay i got to give them some respect they’re starting to open up a bit more okay if you go to like their youtube channel for instance niccola’s youtube channel you’re
Gonna find actual videos showing their actual products in action and i think this is a big win for the company here in the short term and they need to do a lot more of this let me be very clear about that before there were so many videos about just the investor hype and a lot of talk it’s a investors at the end of the day you want to see what’s actually going on
Don’t just tell me you’re trying to do this and you got this oh you know anybody can say they got anything right i could say i started some semi truck maker that’s in my garage right now and we’ve got a semi truck that’s got to go a thousand miles doesn’t mean it’s true at all could mean it’s just complete bs show us what you actually got in the real world let’s
Start seeing some of this stuff let’s see if you’re not just talking a big game let’s see if you’re walking the walk right and so i like that i mean i even watched a recent video i think was that 40 minute one there okay and trevor milton the ceo even says specifically i think within the first minute or two he says yeah i hear some people think our trucks are just
Vaporware and i thought that was a big moment when he said that because hey guess what just over a week ago galileo over at hyper change put out a video called nikola motors is vaporware that’s big right that means obviously he’s seeing what’s going on out there perceptions out there from somebody that’s very influential in the community and he just understands
In the companies starting understand gosh we got to kind of show some stuff off here guys if we want to be believed at all in this situation so they need a lot more of this a lot more that show us what you actually got show us these products at and let’s see if you really you know are doing big things like you’re say you doing big things you know some one of the
Reasons people believe in tesla so much because these are real products that are actually on the road it’s not like tesla’s just like oh yeah we’re going to make a bunch of electric vehicles and we’re gonna be able to you know partially drive themselves or fully drive themselves you can experience these products today even cyber trucker products that’s not on the
Market yet right you know that day people were even able to go on test drives of the cyber truck the day the launch event happened right jay leno hops in a cyber truck that suppose come out next year is able to personally drive it around things like that we’re talking about a real product real product that’s out there and that’s big and that’s why investors can
Get confidence when they see a real product because some investors will just you know just buy the stock on hysteria and hype and things like that but practical investors want to see stuff in the real world don’t just give me a hype hope case ok that’s how you get hurt very badly as an investor show me the real deal holyfield in the field okay that’s what matters
Ok no nicola badger this is supposed to be their pickup truck right nicola badger pre-orders open on june 29th at 11 a.m. now we haven’t seen any numbers out of that yet at least i haven’t been able to see any numbers coming out of that as far as pre-orders win so i don’t know if those pre-orders are going great or not from my understanding is people had to put
Like a $250 deposit in if you wanted to preorder it now nicola world is supposed to happen on december 3rd through the 5th and that’s big because they’re supposed to show off the badger according to some interviews i watched with trevor milton on send benson and some other networks he basically says that you know they’re gonna try to show off the badger on that
Date ok pre-orders secure a nikla world twenty20 ticket and receive a discount off vehicle purchase all pre-orders qualify for a chance to win a badger they’re talking about the bv is expected to offer 300 miles of range while the hydrogen fcv will offer approximately 600 miles of ranges what we’re talking about with anil they’re putting out a lot of ambitious
Numbers without having proven anything yet and you got to ask yourself or these numbers believable these realistic or is this just pie in the sky just just put some stuff on paper and and hope for the best right electrics zero to 60 and approximately 2.9 seconds for a pickup truck that sounds really really ambitious right badger anticipated to generate over 906
Horsepower and 980 foot-pounds of torque right these are these are really really big ambitious numbers and we gotta see is this really gonna happen or is this really possible let’s see this man that’s what everybody’s basically saying at this point in time right no there is something important coming up here in a couple weeks nikola is gonna announce their second
Quarter 2020 results in webcast okay that’s have it in about two weeks from now this is gonna be big not from perspective you’re basically and i hear them generate no revenue and things like that but let’s hear some updates on the vehicles when are things gonna go into production we’ve heard about 20 21 production we’ve heard about longer out production we’ve heard
Things like niccola’s now i’m gonna build the vehicles themselves and they’re gonna actually outsource that to somebody else so that might license the technology they might partner with companies well you know we’re hearing a lot of conflicting information and a lot of things that sound like my goodness nikola has so much work to do just to even hope to launch
Any of these products it’s not even funny and so this is this is really important and then you see things like this okay and trevor milton wonders why people you know are disliking him or hating on the company and things like that when we see things like this it rubs us really the wrong way you have a company that’s produced nothing in revenues you’re talking big
Big talk you’re not showing much respect to other people that are actually doing big things this industry and you’re buying mansions like the most expensive house in utah there’s a type of stock that investors look at and they say hmm this seems a little sketch this company has no revenues they haven’t really shown much of the product off especially you know and
Told basically like a week ago right and you’re buying the the biggest mansion in utah hmm this seems a little this seems a little strange okay this seems a little strange and that’s not the only moral or ethical question in regards to trevor milton or his company in general we see things like this right nicola claims 10 billion dollars worth of orders for 14,000
Semi-trucks but government filings meaning sec documents make clear that those are more like expressions of interest cancelable with no deposit money required how can 14,000 semi-truck order for you know ten billion dollars how can that be taken serious if you didn’t have to put any money down you could cancel that well shoot i could have went in there and placed a
Bunch of orders for semi trucks had no intention at all of actually buying those right and just you know bluffed out those numbers you know this is a type of stuff that you know the people here top line oh my gosh ten billion dollars in orders they have and they don’t even look further into and realize oh there’s no money down you can cancel at any time and things
Like that this is this is where we get into a lot of moral and ethical questions around this company and where people start getting you know i’m not so sure about this one right look at this okay milton in his company right they ended up taking four million dollars in federal paycheck protection program forgiveness loans meant to help small businesses and that
Was despite their company having eighty five million dollars in cash on nikolas bank account at the end of 2019 and despite them raising at least seven hundred and thirty five million dollars in new capital and yet this company asked for you know a four million dollar bailout from the government this is this is what this is so you know this is what pushes investors
And makes people really want to talk negatively about the company because you’re doing stuff like this it’s just as ridiculous meanwhile trevor mellon just bought the most expensive mansion and you talk so you’re telling me you’ve got all that money in on the other company’s balance sheet and you need four million dollars while you’re out buying the biggest mansion
In utah right i can tell you i surely don’t have a company it has you know seven hundred eight hundred million dollars in cash on the balance sheet and i asked for zero dollars you know why trevor milton because it’s not right okay it is simply not right i’m doing just fine and i don’t think it’s the best look if i’m asking for government money when i got a house
Being built in arizona and a house being built out here in vegas and i’m driving a hundred thousand dollar suv i don’t think it’s the best look that i’m like oh federal government i could have easily got money i could have easily got money i have employees i have independent contractors i have a lot of people counting on me i could have easily asked for money i
Could have easily got that money but i don’t think it is morally or ethically right in why is it right that this company that just raised 700 plus million dollars and has 85 million dollars in cash at the end of 2019 asked for four million dollars this is this is this is what rubs people the wrong way okay look at seven hundred and thirty five million dollars
In new capital just ridiculous okay so let’s do a recap on nicola okay there’s some positive things are some negative things and i’ll give you my perspective on if you know i’m buying the stock if i’m interesting buying the stock or if i’m interested in waiting on the stock a number one we’re on a hype and hope company right now that’s just full yeses facts okay
There’s no way you can debate that company has non-existent revenues high in hope company as of right now okay number two some company is opening up more and more which is phenomenal news in the past one to two weeks the company has shared more than possibly ever in relation to what their vehicles are actually doing showing them in action things like that i think
That is massive for this company i think if they want to be respected and looked up to as like oh this company is actually doing big things show us what you got show us what you’re actually doing don’t just be like well we don’t want our competitors to copy what we’re doing if you’re doing something that that is that big and that important believe me companies can’t
Just copy that stuff it’s not that easy okay if it was you believe me there would already be people in your organization that would be leaking information trust me about that okay number three and company has a 13 plus billion dollar valuation on it right now even after how much the stock is falling right these are just a stock recap number four you’re going after
A huge market opportunity in an industry that needs disruption right semi-trucks you know there hasn’t been that much innovation in that industry decades upon decades upon decades it’s definitely right for for disruption as the whole auto industry is and if you know nickel is trying to come out with a pickup truck as well that’s an industry that’s absolutely
Absolutely right for disruption so they are going after big opportunities there’s no doubt about that number five the company has a ton to prove and will need to partner with the ton of different companies out there or they’re gonna need to raise tens of billions of dollars to pull off what they need to pull off kay because believe me they have to pull off all
The infrastructure the infrastructure build-out alone could be billions if not tens of billions of dollars then never mind ramping production lines of semi trucks as well as you know pickup trucks in other potential future products companies literally gonna need to raise tens of billions or they will have to partner with a ton of ton of companies and you know
Partnering is not that easy it’s not that easy it’s actually quite complicated to partner with another companies especially on projects where we’re talking about the other partner needs to fork up you know potentially billions of dollars to get something up and running okay number six the company has a lot of moral ethical big questions trevor milton has those the
Company in general has those okay we went through i think what three of them just in this video we probably could have gone through even more than that okay number seven the company has a good level of interest around that’s a very positive thing right i’m doing this video on this video is probably gonna get a lot of views right my past nikolov videos have gotten
A lot of use there’s clearly a high level of interest in this company okay which means if they can succeed and they can you know put some products out there that it gets a lot of people excited they’re gonna have the world’s attention right because a lot of people are paying attention to this a lot of people want to see is this gonna be a success a failure what
Are their products gonna be like there’s a lotta balls on this man i’m telling you is a good level of interest around and that’s phenomenal news the hardest thing to usually get is a high level of interest and this company definitely has a very good level of interest case number a nicola world is happening in december right and that’s gonna be a massive positive
Or negative for the stock we’ll have to see what it is obviously none of us know because we haven’t seen the products and those sorts of things but you know if that badger trucks actually on stage they’re actually driving it and they can actually take people on test drives and it’s a good experience you know maybe there is huge potential there then they start to
Obviously execute on infrastructure as well as ramping up production lines and potentially partnering with companies and things like that or raising tons of capital but you know hey if they show off uh you know a product that’s you can actually drive around in and go for a test drive in that would be big okay at the same time if this event is delayed for some bs
Reason or things like that or just like you know things aren’t that impressive and it’s just like trucks up there on stage but no one can drive the truck or anything uh you know that could be a big negative for the stock and add up to even more questions it’s like wow you have a pickup truck that’s supposedly on stage but yet no one can touch this knowing can’t go
For a test drive on that would be very much a negative right so my opinion on it fun thing about buying the stalker waiting personally uh wait you know that’s that’s kind of my two cents on this one you know do whatever you want make your own moves you want to buy the stock short sell his stock wait in the stock i certainly won’t be short selling the stock i can
Tell you that much but i’m certainly far from buying the stock i am just waiting okay it’s way too speck for me right now i mean way to spent you’re talking about a company that doesn’t have these products in the real world yet and has basically zero dollars of revenue that’s a whole other level of speculative right there’s some speculative stocks you can buy out
There that are smaller market caps but i are actually generating revenues and profits and those sorts of things this company’s not really doing anything right now they’re just hoping to you know do stuff and they’ve got research and development going and things like that way to speck the valuation needs to come down another 50% plus so we’re not is we’re not even
Talking anywhere close to me buying the stock valuation would need to come down 50% or more or i would need to see some huge showings for this company like potentially you know if they show us something in december and that truck is you know the badger is awesome and people can test drive and it’s like oh man this is such an awesome truck okay then maybe we’re
Talking but as of right now yeah that valuation needs to come down a long long way from here even though it’s come down a long long way it needs to go actually a lot further in my opinion to make somebody like me actually interested in that’s okay so i hope you guys enjoyed today’s video guys always kind of an in-depth look at niccolo what’s going on there and
Things like that make sure you smash a thumbs up if you don’t mind but the youtube algorithm it definitely helps out the channel and also if you’re looking to scale your portfolio check out the first link in the description out there that will help you out immensely thank you for watching and have a great day
Transcribed from video
Nikola Stock @ $38 Buy Now or Wait? By Financial Education
