‘The Next Tesla’ Just Doubled – and is Still Rising

Already dubbed ‘The Next Tesla’ by speculators, this stock doubled yesterday – and is still rising…

This story was originally published here.

Big moves make for trending stocks, and Nikola (NASDAQ:NKLA) is on the investing community’s radar big-time just three days after Nikola stock started trading on the Nasdaq.

Social-media buzz exploded, replete with #DieselIsDead hashtags and screen-caps of mind-blowing gains as NKLA stock shares doubled in a single trading session. And suddenly, seemingly out of nowhere, Nikola founder Trevor Milton is being touted as the next Elon Musk.

But is hydrogen-fueled-truck-maker Nikola really the next Tesla (NASDAQ:TSLA)? And does Nikola truly have, in Milton’s words, “the most bad ass zero emission truck” available? As always, the answer depends on whom you’re asking, and whether they’re positioned long or short.

Nikola Stock: Priming the Pump

To call NKLA stock’s timeline “accelerated” would be the understatement of the year. Even TSLA stock didn’t generate hype this quickly. But in the age of unicorns and giga-unicorns, everything might not be better, but it certainly is faster.

Let’s back up the truck for a moment, though. First off, Nikola doesn’t just make environmentally friendly trucks. The company also offers sport-utility vehicles and even a “fully-electric sit-down personal watercraft.”

Nokola also fancies itself as an energy company, replete with “Heavy Duty fast-fueling with hydrogen” that’s “standardized to fill in less than 15 minutes, similar to diesel today.”

But let’s not kid ourselves — the market and the social-media pundits are buzzing about the trucks, plain and simple. And admittedly, the Nikola Badger pickup truck, besides being fully electric/hydrogen-fuel-cell-powered, does look pretty awesome.

And for the trucking industry, Nikola offers three semi-truck models: Nikola One, Two and “Tre.” Undoubtedly, these trucks’ futuristic look contributed to the buzz. Generating $10 billion in pre-orders (according to the company) also indubitably contributed to the share-price pump.

Editor's Note: For the full story, click here.

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