Wedbush Values Nikola “Hill” at $30 Billion

Typing furiously with sweat pouring down his forehead, Dan Ives of Wedbush Securities sees more than 50% upside on Nikola.  “The hill is worth at least $30 billion,” Dan mentioned in his update.  “This is a hidden asset the street is missing.”

Get The Full Series in PDF

Get the entire 10-part series on Charlie Munger in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Q2 2020 hedge fund letters, conferences and more

Nikola sold off late last week after Hindenburg Research released a research report depicting an alleged case of fraudulent activity.  The most pressing evidence Hindenburg uncovered was the Nikola One in motion video.

Charlie Munger: Invert And Use “Disconfirming Evidence”

Charlie MungerCharlie Munger is considered to be one of the best investors and thinkers alive today. His thoughts and statements on investment research, investment psychology, and general rational behavior are often incredibly insightful. Anyone can learn something from this billionaire investor and philosopher. Q2 2020 hedge fund letters, conferences and more If you’re looking for value Read More


In 2018 Nikola posted a video to YouTube called “Nikola One Electric Semi Truck in Motion”.  The video shows the “hydrogen electric” truck “driving” down a two-lane highway.

Nikola Had Towed The Truck To The Top Of The Hill

Hindenburg uncovered that Nikola had towed the truck to the top of the hill and let it roll down for “show”.  After the report Nikola dropped a press release saying how the truck wasn’t functional but driving under its own propulsion or “in motion”.

In what looked like an end for Nikola with the stock down over 10% Monday morning, reversed sharply on Dan Ives’ note.  In the note Dan values the “Nikola Hill” at over $30 billion.

“Look,” Dan stated.  “This hill is a hidden asset Wall Street is missing.  The net present value is at least $30 billion.  And that is using a 69% discount rate!”

In other news, a drunk driver crashed through a group of senior citizens this afternoon.  The drunk driver was released after saying his car was “in motion” and was not his fault.

This satire article first appeared on The Stonk Market