Investing

THE NEW TESLA COMPETITOR! Nikola Motors Going Public (Merger w/VectoIQ)

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Shares of VectoIQ Acquisition (VTIQ) are exploding today. As of making this video, they are up around 25%. This was due to the pending merger between this company and a Tesla competitor called Nikola Motor Company.

VectoIQ is simply a holding company that is led by Stephen Girsky. He is well known in the automotive industry and is the the former vice chairman of General Motors.

On May 6th, Nikola Motor Company announced that they anticipate the merger between this holding company and Nikola Motor will be completed in the first two weeks of June. Investors are piling into the stock because Nikola Motor is poised to be a direct competitor to Tesla.

Full transparency here, I purchased 51 shares at a cost basis of $18.96 this morning for around $1,000.

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27 Comments
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27 Comments

  1. Ryan Scribner
    July 15, 2021 at 1:56 pm

    Are you going to invest in Nikola Motors? Comment Below!

  2. Scott
    July 15, 2021 at 1:56 pm

    Could we have an update on this stock with your thoughts? @josephcarlson is wearing NKLA out and taking it to a beating currently.

  3. christian gibson
    July 15, 2021 at 1:56 pm

    This is what Nikola says in their SEC-4 IPO filing document:
    "Risks Related to Nikola's Business and Industry:
    We are an early stage company with a history of losses, and expect to incur significant expenses and continuing losses for the foreseeable future. We incurred a net loss of $88.7 million for the year ended December 31, 2019 and have incurred net losses of approximately $188.5 million from our inception through December 31, 2019.
    We believe that we will continue to incur operating and net losses each quarter until at least the time we begin significant deliveries of our trucks, which is not expected to begin until 2021 for our Nikola Tre BEV and 2023 for our Nikola Two FCEV, and may occur later.
    Even if we are able to successfully develop and sell or lease our trucks, there can be no assurance that they will be commercially successful. Our potential profitability is dependent upon the successful development and successful commercial introduction and acceptance of our trucks and our hydrogen station platform, which may not occur."

  4. Yo Grizz Stomp
    July 15, 2021 at 1:56 pm

    Nikola is kinda new and bit grey still .. research research research!

  5. Vladimir Kolombet
    July 15, 2021 at 1:56 pm

    Dude Nikola is a bit sketch, I don't know why people are buying in so easily. They don't have anything to back up what they're claiming. At least Hyliion does thats why I am more interested is SHLL than nikola, I'll put my money there

  6. rkem
    July 15, 2021 at 1:56 pm

    Careful guys! I think Nikola Motor Company is scamming investors. Just Google Trevor Milton and you'll find out!

  7. Steven Justice
    July 15, 2021 at 1:56 pm

    What do you think of Burgerfi going public?

  8. JakeyJakey
    July 15, 2021 at 1:56 pm

    Invested around the $20 range when it was not yet merged and you sir made me a nice chuck of cash! Keep em coming!! Maybe do some other SPAC specs like what Chamath could be up to with IPOB and IPOC

  9. D Watanabe
    July 15, 2021 at 1:56 pm

    Did you take profit when it hit $93?

  10. Nuno Paulino
    July 15, 2021 at 1:56 pm

    I have 56 shares in nkla what you you do. The stock has gone up to $90. The valuation now stands at 32 billion with no sales.

  11. Julie nguyen
    July 15, 2021 at 1:56 pm

    Thank you very much for told us about VTIQ Ryan. I bought VTIQ after I watched this video. Made thousands today! You are GREAT!!!! We love you!

  12. bpo113
    July 15, 2021 at 1:56 pm

    How’s your return now?!?!?!!! $86/Share!!!

  13. Paul Erhimona
    July 15, 2021 at 1:56 pm

    Lolz..I pre ordered 20 trucks..but am not buying even one…bro is free to order,so everybody is ordering,more than half of those orders are joke from people like me…

  14. khoobana2usman
    July 15, 2021 at 1:56 pm

    Hi I bought Nikola thanks to your recommendation at $20 a pop. And I’ve made nearly 300%! I just wanted to say thank you for doing the research and making the information available to us and easy to understand. Wishing you all the success you deserve!

  15. Kieran Williams
    July 15, 2021 at 1:56 pm

    Thanks Ryan saw stocks gone up today

  16. Beast from the East
    July 15, 2021 at 1:56 pm

    The stock is blowing the fuck up guys!!!!!!

  17. Fabian Fueconcillo
    July 15, 2021 at 1:56 pm

    Took massive immediate action and bought a couple of call options with a strike price at $25 (exp 6/19/20), $30 (exp 7/17/20), $44 (exp 6/26/20). Just wanted to express my gratitude 🙏

  18. casino 777
    July 15, 2021 at 1:56 pm

    Tesla will buy Nikola
    Mark my words

  19. Boris Križan
    July 15, 2021 at 1:56 pm

    A lot of jokers are making pre-orders because you don't have to put anything down.

  20. Magili Cuddy
    July 15, 2021 at 1:56 pm

    Wtf tesla got the last name so they took his first name? 😂

  21. Gabo Root
    July 15, 2021 at 1:56 pm

    hey Ryan, love your chanel! what just happened??! Vectoriq dropped after merge,how is that possible? is it gonna recover or i should sell my stocks? thank a million for your videos and eventual response.

  22. Carlos Mendoza
    July 15, 2021 at 1:56 pm

    When will they merge?

  23. Austin prichard
    July 15, 2021 at 1:56 pm

    Being that you're a grown man on tiktok, I'm very suspicious as well.

  24. z r
    July 15, 2021 at 1:56 pm

    Dude they took pre orders without deposits. They they’ll need a lot more capital then 500M for the Infrastructure. A lot of smoke in mirrors. Also hard to trust anyone from GM.

  25. swingister
    July 15, 2021 at 1:56 pm

    This company is not a direct competitor to Tesla. Its premier product is a hydrogen-powered truck. And how many vehicles is it showing off now? Too many. They need to do one and focus and then build from there. Too much of a dream here. Maybe they will succeed, but I think it's going to be tough. Tesla's lead in batteries is just too great. Hydrogen is good for static applications. This may be applicable in ships, but otherwise by the time they get the hydrogen to work, Tesla batteries will be so strong and cheap Nicola will not be able to compete. You may be a smart guy, but you haven't been following this subject extensively obviously. Don't recommend something you know so little about.

  26. Freek Bos
    July 15, 2021 at 1:56 pm

    Did you do the math, 10 billion / 14k orders = 720k per car?
    How dumb are people?

  27. Joshua M
    July 15, 2021 at 1:56 pm

    It’s junk. Electric vehicles are shit. If they get back to hydrogen, I’ll buy in again.