RIDE - Following Controversy Nikola Appears Much Stronger Than Lordstown

• Nikola and Lordstown, both companies, went public in 2020 through a SPAC deal and had been declining in value throughout 2021;
• Both companies have been under the spotlight for allegations relating to ‘deceitful tactics’ and misrepresentations to (potential) investors;
• Both companies have since removed themselves from their founders and formers Chief Executives;
• Nikola has promising prospects, but the risks remain high until preliminary road testing from its initial customers comes to pass. I remain neutral on the stock until the first half of 2022;
• Lordstown Motors remains a topic of controversy with no visible evidence of progress and is likely to retain a bearish trend.

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