• Nikola could fall 30% as 'ambitious' profit forecasts and Tesla's first-mover advantage weigh on valuation, CFRA analysts say

    13 days ago - By Business Insider

    Summary List Placement CFRA analysts initiated coverage on electric vehicle maker Nikola with a "sell" rating and a $15 price target late on Monday.
    Analyst Garret Nelson said in his note that Nikola could fall nearly 30% from Monday's closing price due to "ambitious" profit forecasts, "significant execution risk", and Tesla's first-mover advantage.
    Nelson noted Tesla's dominance in electric vehicles will most likely translate to the commercial trucking segment that Nikola hopes to enter.
    The analyst said following the launch of Tesla's semi-truck later this year, that "it will become a...
    Read more ...

     

  • Nikola could fall 30% as 'ambitious' profit forecasts and Tesla's first-mover advantage weigh on valuation, CFRA analysts say

    Nikola could fall 30% as 'ambitious' profit forecasts and Tesla's first-mover advantage weigh on valuation, CFRA analysts say

    13 days ago - By Business Insider

    Summary List Placement CFRA analysts initiated coverage on electric vehicle maker Nikola with a "sell" rating and a $15 price target late on Monday.
    Analyst Garret Nelson said in his note that Nikola could fall nearly 30% from Monday's closing price due to "ambitious" profit forecasts, "significant execution risk", and Tesla's first-mover advantage.
    Nelson noted Tesla's dominance in electric vehicles will most likely translate to the commercial trucking segment that Nikola hopes to enter.
    The analyst said following the launch of Tesla's semi-truck later this year, that "it will become a...
    Read more ...