To put money into NKLA now really takes some strong faith.
As Musk puts it, anyone can put together a prototype or concept vehicle. The problem is mass manufacturing that concept into production.
And if what's going on with VW's ID3 is any indication, it's just HARD. And if a company with the resources in manufacturing like VW can't quite gets its grip on everything, what makes NKLA, a company who hasn't even shown a working prototype, to be able to pull it off?
My TSLA position just cracked the 400% return threshold today.
I think a nice steak dinner is justifiable for tonight even though I'm not selling any share yet.
Anyone's thought about PG&E? It emerged back from bankruptcy today.
I'm looking to start a small position, maybe 1000 shares or so while topping out maybe $30k in total.
Or if anyone can recommend an electricity company, that'd be appreciated.
As I dive deeper into TSLA, I see energy industry as a whole is going to go through some major changes due to the disruption batteries (storage), clean energy (production) and consumer sentiment (demand) would bring. And in the long term, I see many of them would consolidate or be bought out.