President-elect Joe Biden has been a boon for the surging electric vehicle (EV) sector since winning the election — assuming it’s over, of course…
When it comes to EVs, everyone knows Tesla Inc. (Nasdaq: TSLA) is king.
But Nio Inc. (NYSE: NIO) and Nikola Corp. (Nasdaq: NKLA) have also seen a lot of movement this year… some good, some bad — if you’ve seen Future of Wealth Head Trader Lance Ippoloto’s “I Call BS” segments, where he calls BS on particular companies, you know some of the bad!
But which is the better investment now when it comes to Nio vs. Nikola?
Nio vs. Nikola: A Tale of Two Tapes
We’ve had so much news in the EV circuit, and Nio has actually been around the block for a while. Its stock price is up over 1,100% year to date and revenue is up almost 150% in the third quarter of 2020 alone.
Vehicle sales? Also up nearly 150%, which is a record for the EV-maker.
Nikola, meanwhile, has a deal in place with GM for fuel cells for trucks it will allegedly make at some point — it has none on the road right now. CEO Trevor Milton, an Elon Musk wannabe, resigned recently after allegations of fraud. Milton also just unloaded a boatload of shares, so he’s making his billions…
When it comes to positive share price moves in the battle of Nio vs. Nikola, the latter hasn’t seen as much good news in recent months. Nikola was trading around $75 a share back in June but is now under $20.
There’s a lot to undress here between these two EV companies. Is Nikola now a good price after falling so far from its mid-summer heights? And Nio… it’s share price has risen so much, how do you justify getting in now?
In this battle of Nio vs. Nikola, Lance sees a clear-cut winner. Check out the short video below and he’ll break down which one he’d invest his hard-earned money in…
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