Tesla vs. Nikola | Does Tesla Own the Future or Are We Seeing a New Era of Tech Bubbles?

During the last roundtable, we analyzed the TSLA price and talked about how we would handle an investment in Tesla.

I personally sold some Tesla during this rally to $1,000 a share. It’s been a wild ride with TSLA over the past few years since I bought the shares, but this entire market environment feels far too inflated to validate these market prices. Even for TSLA which is one of my most bullish positions.

We also talked about this new clean energy car company that recently filed their IPO, Nikola. Is the hype around Nikola just hype around something that has yet to deliver a product?

"Nikola Motor has not produced any products yet. It doesn't even have a factory. The company is building a factory in Coolidge, Ariz. The site has been cleared and construction will begin in 2020, Milton told TechCrunch in a recent interview, adding that he hoped for it to start this summer.” - Techcrunch

I have obvious biases to prefer Tesla over Nikola but it is interesting to see some competition. Hopefully they produce an actual product so we have something to compare. For now, we can settle for a nice chart by chart comparison and look at the technicals for the stock prices of each company.

Is Nikola the next TSLA in terms of buying their shares? I have no idea and there isn’t a whole lot you can tell from the chart since we don’t have any history to go off of. Regardless, we gave some price levels on the roundtable and talked about where it might be cheap and where it might be expensive.

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