NKLA - Nikola Still Trades At A Risky Multiple

• Nikola went public and saw a massive hype as it was called the Tesla of trucks.
• Investors soon turned very pessimistics, sending the stock to all time lows as fraud charges and production delays were seen as major problems that prevented from trusting the company.
• Nikola is trying to turn around investors' sentiment and recently stated that it is finally delivering its first electric trucks during the current quarter.
• During these years, Nikola lost its perceived first move advantage and allowed the main truck manufactureres to take the lead in the electric truck revolution.
• Still, demand for electric trucks is far greater than the current manufacturing capacity of all the industry players, providing Nikola with one last opportunity.

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