Stock Talk
Electric vehicles are coming on. Tesla has worked its way as the leader and is currently trading at $431 per share after the split. The TSLA eps is listed as 0.39 and a PE of a whopping 1,118.
General Motors (GM) trades as $36 with an eps of $1.06 and a PE of 34.
Now Nikola (NKLA) is working a deal with GM where GM would receive $2 Billion is NKLA stock for an 11% stake in NKLA and a board member. Now we all know what happened when a short seller uncovered how NKLA presented their truck but it was rolling down hill. The stock got slammed hard. Fortunately we were "just watching. However, NKLA answered, the CEO left and there are some apparently real development on ev's with outsourcing and serious contracts being planned for NKLA fleet trucks.
There are reports from GM staff that talks are still on and there is favorable signs that the main point of discussion is share price of NKLA in the $2 billion deal.
It leaves me wondering what will happen to market share level of NKLA around Dec 3rd if the GM partnership goes thru?
hmmm.. maybe I will look at a few Dec 18 call options and on NKLA and take a shot that the deal gets done.
Other stocks to watch :
- Yamana (AUY)gold and silver miner.
- General Motors (GM), coming on busting moves in the ev space.
- just a few - INO and SRNE call options (specs!) on the Inovio C19 vaccine and the Sorrento antibody STI 1499 now at Temple Hospital in Philadelphia as C19 is re-surging in Philly. (go Eagles! -sigh)
- Dry Powder $$$
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ALL in my humble opinion, scroll down and read more..This site does NOT make Buy / Sell recommendations.
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