/1 I partially disagree with @garyblack00 about his tweet re $TSLA volume. While volume went up 2x after the inclusion announcement compared to the previous ~4 weeks, you have to take into consideration the sideways movement during that period.

https://twitter.com/garyblack00/status/1337793279014932482?s=20

2/ If a stock moves sideways for an extended period of time - and $TSLA has had those moments during 2020 - volatility (lower chart in blue) goes down and so does trading volume (middle chart)

/1 This is the "Happy $NKLA End Of Lockup Day" #thread and everything related to it... To be updated throughout the day... stay tuned.

As of 4:12am EST, in very early European trading, $NKLA is trading at $19.22, down 5.83% from yesterday's close. Volume is at 52k trades. Any doubts that stock dumping is happening? $NKLA down 16%

/1 As reported by the @HindenburgRes report in September, $NKLA founder and now ex-chairman Trevor Milton admitted in a July 2020 interview with me that they have not produced any Hydrogen at their Phoenix, AZ facility. #thread #hydrogen #Nikola

linkedin.com/pulse/intervie… /2 Many $NKLA bulls have contacted me in the meantime calling me a liar and worse so I decided to put the record straight and show you exactly what Trevor told me back in early July 2020.

I recently took a closer look at $NKLA's agreement with @AnheuserBusch to deliver up 800 Hydrogen powered Nikola Two trucks. /Thread time These are the trucks that are supposed to get manufactured in their Coolidge, AZ factory for which they received the permit yesterday to start construction. The ground breaking ceremony took place on July 23, 2 days after they filed the permits.

Let me do a quick summary about yesterday's $GM / $NKLA announcement. This is related to the #Badger only. I will cover the class 7/8 trucks in a different /Thread In my opinion, $GM is the big winner with a relatively low risk. They're getting a 11% stake in $NKLA currently worth a bit more than $2B. They can sell 33% of those shares in one year before Badger production starts and another 33% a year later.

GM to build the $NKLA Badger... diving into the SEC filing now...

https://twitter.com/GM/status/1303295023103062017

"Under the METDA, the Company [$NKLA] will reimburse GM for up to Seven Hundred Million U.S. Dollars ($700,000,000) of capital expenses to make available manufacturing capacity for up to fifty thousand units per year of the initial two vehicles. "

A thread about Trevor's compensation package:

While only taking a $1 per year salary, he is awarded $6M/yr in stock plus 4.8 million shares (currently worth about $222M) if a pre-established SHARE PRICE is achieved.

No business milestones are relevant, only share price! another interesting detail is the lock period:
"...subject to continued employment during a performance period that ends on the THIRD anniversary of the Closing Date."

-> he can cash out his entire package before their first FCEV is scheduled to go into production in 2023.

Looks like Trevor won’t be on Tomorrow’s $nkla earnings call... Look, I'm not saying that he shouldn't have bought that big ranch or even a private jet but going on a trip to the caribbean right when your very first quarterly earnings call after the IPO is taking place seems rather odd. Maybe those pictures are old, I don't know.