NKLAW - Tortoise/Hyliion: A Lot Of Future Upside Potential For This Tesla's And Nikola's Competitor
Tortoise Acquisition Corp. (SHLL), a special purpose acquisition company (SPAC), has just recently announced the planned merger with Hyliion, a leading company in electrified powertrain solutions. Since the middle of June, after the merger announcement, Tortoise's share price has been up by more than 150% to $24.90. The recent bullish momentum resulted from Hyliion's business model, which put it in direct competition with Tesla (TSLA) and Nikola (NKLA). We think that Hyliion could have more upside potential in the future. However, as the bullish momentum has built up so fast, we'd rather wait