Nikola Corporation (NKLA)

30.24
NASDAQ
Prev Close 34.50
Day Low/High 28.50 / 31.95
52 Wk Low/High 10.22 / 93.99
Exchange NASDAQ
Shares Outstanding 384.09B
Market Cap 13.25B
P/E Ratio N/A
Div & Yield N.A. (N.A)

CEO Mark Russell has not confirmed that GM might be taking a large equity stake in the firm.

Here's my strategy now.

All in all stick with the tipping pointers, they are the drivers of this and the next leg higher.

Shares of CIIG Merger Corp. are driving higher after it said it would buy electric vehicle company Arrival, so let's look under the hood.

The shares have rallied in recent days and have almost doubled from November lows.

* Weighting the short position appropriately given the cult-like popularity of the company and the volatility of the shares * The sharp share price rise in Tesla ahead of the S&P inclusion is the short catalyst I have been waiting for  Tesla's share...

People who don't consider the possibility that Donald Trump somehow could prevail over Joe Biden are open to being blindsided.

Traders have to take the extra step to understand the underlying company and sector before jumping into a position.

The positive news is that small-caps continue to do well and there's some good trading in smaller names.

The current hype surrounding U.S. and Chinese electric car upstarts brings to mind past manias involving promising technologies that were seeing growing adoption.

Hyliion Holdings seems to have found support in the lower $20s and is now turning up.

Faced with a pandemic and charged with running a behemoth of an industrial corporation, CEO Mary Barra did her job well.

The simple fact is you'll rarely call tops or bottoms but recognizing trends and changes in trends is a key to survival.

TSLA has had the premium EV market virtually to itself for 3.5 years and should be printing profits, but it's not.

Let's check out the charts of HYLN.

To see the immediate selling in the stock on the off chance Hindenburg's report could possibly be on SPAQ is downright scary.

I'm lookin' for love in all the right places with these lagging stocks.

* Some laggards that I have been buying "Well, I've spent a lifetime lookin' for you; singles bars and good time lovers were never true. Playin' a fools game hopin' to win; and tellin' those sweet lies and losin' again. I was lookin' for love in all...

With the stock rallying, shorts were forced to cover, which pushes NKLA higher, causing more coverage.

Jim Farley must walk a fine line of adapting to new realities, maintaining Ford's fortress balance sheet, and keeping the family happy. Here's my take on the name.

Is this horse getting tired after a 750% gallop in 2020?

Walmart is a beautiful thing to watch (up by another +$3 today) And so is our Trade of the Week, Amazon (+$43/share today). Twitter and Alphabet ain't half bad, either! (+$3), a recent buy, recovering from yesterday's weakness. is jiggy. (The Smarte...

* Last night I shorted Zoom at $497/share From last night:  Sep 23, 2020 ' 06:53 PM EDT DOUG KASS Shorting It Out After Hours I am shorting Zoom (ZM) in the after hours. More on Thursday. Position: Short ZM   The newest "shiny object" that the retai...

We've entered no man's land as we head toward the downhill slope of the week.

The warrants are trading at a fairly heavy discount.

Just as Hindenburg raised key questions about Nikola, short sellers can help you think about your own stocks -- and whether you're getting taken for a ride.

The charts and indicators of NKLA look bearish.

I think that when I see the kind of across the board give up as we have today, I think it's healthy not toxic.

Can you close long puts in the pre-market? This could apply to calls as well, but the blunt answer is no, you can't.

If You Speculate on Nikola, You Do So Without Me

If You Speculate on Nikola, You Do So Without Me

CEO Mark Russell has not confirmed that GM might be taking a large equity stake in the firm.

Nikola's Charts Are Not Looking as Good as its Confident CEO

Nikola's Charts Are Not Looking as Good as its Confident CEO

Here's my strategy now.

Jim Cramer: The 10 Tipping Points That Took Us to Dow 30,000

Jim Cramer: The 10 Tipping Points That Took Us to Dow 30,000

All in all stick with the tipping pointers, they are the drivers of this and the next leg higher.

The 'Arrival' Is Coming. Is the Excitement Warrant-ed?

The 'Arrival' Is Coming. Is the Excitement Warrant-ed?

Shares of CIIG Merger Corp. are driving higher after it said it would buy electric vehicle company Arrival, so let's look under the hood.

All Charged Up: Nikola Tries the Upside Again

All Charged Up: Nikola Tries the Upside Again

The shares have rallied in recent days and have almost doubled from November lows.

I'm (Finally) Taking the Tesla Short Plunge This Morning

* Weighting the short position appropriately given the cult-like popularity of the company and the volatility of the shares * The sharp share price rise in Tesla ahead of the S&P inclusion is the short catalyst I have been waiting for  Tesla's share...

Nikola Rated New Buy at Loop Capital

Jim Cramer: The Election's Outcome Matters to Stocks, So Get a Plan

Jim Cramer: The Election's Outcome Matters to Stocks, So Get a Plan

People who don't consider the possibility that Donald Trump somehow could prevail over Joe Biden are open to being blindsided.

Out for a Scalp? Not So Fast

Out for a Scalp? Not So Fast

Traders have to take the extra step to understand the underlying company and sector before jumping into a position.

There's a Resurgence in SPAC Names

There's a Resurgence in SPAC Names

The positive news is that small-caps continue to do well and there's some good trading in smaller names.

The Electric Car Frenzy Brings to Mind Past Solar and 3D Printing Manias

The Electric Car Frenzy Brings to Mind Past Solar and 3D Printing Manias

The current hype surrounding U.S. and Chinese electric car upstarts brings to mind past manias involving promising technologies that were seeing growing adoption.

Shark Bites: This 'Tortoise' Is Gaining Momentum

Shark Bites: This 'Tortoise' Is Gaining Momentum

Hyliion Holdings seems to have found support in the lower $20s and is now turning up.

GM Stock Is Roaring, Here's a Trade Idea

GM Stock Is Roaring, Here's a Trade Idea

Faced with a pandemic and charged with running a behemoth of an industrial corporation, CEO Mary Barra did her job well.

If You See an Iceberg Isn't it Time to Abandon Ship?

If You See an Iceberg Isn't it Time to Abandon Ship?

The simple fact is you'll rarely call tops or bottoms but recognizing trends and changes in trends is a key to survival.

Here's the Bottom Line on Tesla

Here's the Bottom Line on Tesla

TSLA has had the premium EV market virtually to itself for 3.5 years and should be printing profits, but it's not.

Electric Slide: EV Stock Hyliion Could Fall Much Further

Electric Slide: EV Stock Hyliion Could Fall Much Further

Let's check out the charts of HYLN.

With Spartan Energy Acquisition, Logic Takes a Backseat to Emotion

With Spartan Energy Acquisition, Logic Takes a Backseat to Emotion

To see the immediate selling in the stock on the off chance Hindenburg's report could possibly be on SPAQ is downright scary.

Kass: I'm Lovin' These Laggards

Kass: I'm Lovin' These Laggards

I'm lookin' for love in all the right places with these lagging stocks.

Looking for Love in All the Right Places

* Some laggards that I have been buying "Well, I've spent a lifetime lookin' for you; singles bars and good time lovers were never true. Playin' a fools game hopin' to win; and tellin' those sweet lies and losin' again. I was lookin' for love in all...

'Squeeze' a Profit Out of Nikola With This Trade

'Squeeze' a Profit Out of Nikola With This Trade

With the stock rallying, shorts were forced to cover, which pushes NKLA higher, causing more coverage.

Ford's New CEO Must Now Reckon the Number of the Beast

Ford's New CEO Must Now Reckon the Number of the Beast

Jim Farley must walk a fine line of adapting to new realities, maintaining Ford's fortress balance sheet, and keeping the family happy. Here's my take on the name.

Workhorse Has Been a Big Winner in the EV Field: Here's My Trading Strategy

Workhorse Has Been a Big Winner in the EV Field: Here's My Trading Strategy

Is this horse getting tired after a 750% gallop in 2020?

Some Individual Stock Observations

Walmart is a beautiful thing to watch (up by another +$3 today) And so is our Trade of the Week, Amazon (+$43/share today). Twitter and Alphabet ain't half bad, either! (+$3), a recent buy, recovering from yesterday's weakness. is jiggy. (The Smarte...

Zoom Is Not the Next Amazon

* Last night I shorted Zoom at $497/share From last night:  Sep 23, 2020 ' 06:53 PM EDT DOUG KASS Shorting It Out After Hours I am shorting Zoom (ZM) in the after hours. More on Thursday. Position: Short ZM   The newest "shiny object" that the retai...

I Don't Like What I'm Seeing

I Don't Like What I'm Seeing

We've entered no man's land as we head toward the downhill slope of the week.

I'm Spying a Play on Graf Industrial via the Company's Warrants

I'm Spying a Play on Graf Industrial via the Company's Warrants

The warrants are trading at a fairly heavy discount.

Jim Cramer: Short Sellers Can Be Your Investing Safety Belt

Jim Cramer: Short Sellers Can Be Your Investing Safety Belt

Just as Hindenburg raised key questions about Nikola, short sellers can help you think about your own stocks -- and whether you're getting taken for a ride.

Nikola's Gains Since April Could Be in Jeopardy

Nikola's Gains Since April Could Be in Jeopardy

The charts and indicators of NKLA look bearish.

Jim Cramer: Guess What? It's Not 1999, So Start Some Buying, Not Some Selling

Jim Cramer: Guess What? It's Not 1999, So Start Some Buying, Not Some Selling

I think that when I see the kind of across the board give up as we have today, I think it's healthy not toxic.

The Biggest Takeaway I Have for You in 2020? Learn My Hedging Approach

The Biggest Takeaway I Have for You in 2020? Learn My Hedging Approach

Can you close long puts in the pre-market? This could apply to calls as well, but the blunt answer is no, you can't.