 this is bad so money gigs mr v here welcome to the video guys so in today's video we are going to talk nicola moto ticket symbol nkl a this is a stock that we did a video here on the channel when they went public through a merger with vector iq we did that video here to the no people went in bought the stock at that i think it was around 21 or 22 dollars after the merger this thing just skyrocketed and went as high as 90 dollars before start pulling back so and again the stock has just been some kind of in a yo-yo mode it's just been up and down up and down based on the new cycle so we're going to take a look at what is going on but before we get started guys if you're new to the channel we took about how to earn money how to save money how to invest and build wealth so if that's something that interests you go ahead and hit that subscribe and the notification bell so you don't miss out on new content so now let's really take a look at this company so uh nicola moto uh you know when it first came out the people were touting them as the next tesla you know and so again tesla is to me is you know the pioneer they've set their the standard and everybody's trying to catch up to them so when you come out and call yourself the next tech the next tesla i just look at you and laugh because you should set the bar even further not trying to be like tesla i guess if you're trying to be like tesla tells me you can't be the next tesla you're not in any shape or form you have to be better than them to set the new bar i just had to put that out there so here's why i am talking about nicola moto today actually so one of the for the founders of nicola moto is living a company which is bad news that has actually drove that stock down almost 20 today and what happened is that um i think the stock went as low as as 21 before squeezing back up to about 27 when i was doing this video so the founder is living a company and in an email that he sent to the employees of the company he said he wanted to leave the company so that the attention should be focused on him and not the company um he wanted to allow the company to continue to change the wall with their technology something like that sounds really cute you know it sounds good that you want to absorb that that all this uh uh you know criticism that we have out there about your company you want to take that and leave the company alone um and if you guys know exactly what's been going on after nicola moto announced that they were doing a partnership with gm um what's about two billion dollars there was a report that came out just right after that that nicola moto had lied about the technology they had lied about where the technology was at which is not really true so um nicola moto and i mean as a company they are saying oh that was a lie this the founder trevor millen is also saying all the stuff that is said in that report were lies but i just want to ask a simple question if they are telling lies and you have the truth you can prove it if you tell me that they're telling lies that doesn't necessarily mean that you're telling the truth so if you have evidence that can disprove everything why not line it up and can you just put it in public and show people and be transparent that hey this report is absolutely forced and this is what we have you can do that and you know absorb yourself of any of this criticism that you have out there but my person up uh take is i think he is trying to do this um because there is some underlying problem going on i think that the technology wasn't up to the standard that they described when they went public and so now he's trying to do this to take away all the attention um and and away from the company so the company can focus and try to make this deal with general models uh sustained general models is feeling pretty good about the deal so that gives me a little bit of hope that they probably know something that we don't know or general models see an opportunity here to take part of uh nicola models technology and make it even better so they can you know start manufacturing some some trucks um so to me that's that's my idea but i mean you're probably thinking about hey so at the end of the day what do you think about this uh here's my personal take i'm thinking um this is again nicola moto has an opportunity again if they can be transparent with the so-called technology they have an opportunity uh from an investment standpoint if you look when whenever there was this massive pullback for nicola models um you see it would just kind of rally again huge news or something happens you have a massive pullback you watch it rally but ever since they hit the high over i think over 90 dollars um it's just been going down so it's gone down again like i said to about 21 dollars and just you know kind of between 21 and 45 or 47 something around that range so take advantage of it when pat and it was like this come up and it stuck tanks um that's an opportunity to jump in and and and just ride that wave back up again and and just you know sell at the top and then just wait again for another opportunity to buy the bottom um that's that will be that'll be my approach um do you want to hold this long term uh i'll say for right now it's questionable i'm not going to hold it long term unless this start comes down to maybe around 15 then i can buy and hold for a little bit but as long as it's just within that range i will only trade it and just let it be so that's my take on it let me know in the conversation what do you think about this news founder uh or co-founder of nicola models living in the company um and also you know this whole thing about them being accused of lying about the technology and them not coming out and really disputing the report uh but just saying that is not true um what do you think about it do you think nicola model is a buy at the dip or do you think hey this thing is just becoming a problem and i don't want to touch it whatsoever let me know in the comment section again if you are new and you're looking to get started with investing uh we recommend weibo i'm gonna put the links in the description below definitely go check them out when you sign up you get a free stock and also you get access to level two information that you can use for day trading again links in the description below and as always guys stay motivated