Diesel is the standard for medium- and heavy-duty transportation. What this means: InvestorsObserver gives Nikola Corp (NKLA) an overall rank of 38, which is below average. The Ascent is The Motley Fool's new personal finance brand devoted to helping you live a richer life. But the fact that GM seems committed to this deal despite all the controversy surrounding Nikola Corporation right now is a very good sign. Nikola Corp. Forecast, Short-Term " NKLA" Stock Price Prognosis for Next Days Walletinvestor.com NKLA Forecast, Long-Term Price Predictions for Next Months and Year: 2020, 2021 And therein lies the biggest risk for Nikola. NKLA is currently a HTB (Hard to Borrow) stock with short interest clocking a rate of about 40% currently. I also think the odds are pretty good that Nikola will develop and sell battery-electric and hydrogen-electric trucks. One stock, however, has nearly matched 2020 when it comes to being unpredictable: Nikola Corporation (NASDAQ:NKLA). That's particularly true in the trucking segment, where fuel is one of the biggest expenses for fleet operators, and their corporate customers are seeking ways to shrink their carbon footprints. – A: Each unit consists of one share of common stock and one warrant. Let's take a closer look at whether or not Nikola has millionaire-maker potential. Milton, as a result of this attack, resigned. Stock Price data may be delayed up to 15 minutes. Stephen Karmazyn, BA This is why, so far, no technology has displaced diesel in a meaningful way -- particularly in heavy trucking. The potential to disrupt diesel in a way that other technologies have not been able to, because it can compete on fuel weight and range, and offers a drivetrain system that requires far less regular maintenance than combustion engines. Whether it's a class 8 tractor-trailer, dump truck, or other vehicle hauling heavy loads or traveling long distances, the diesel engine is still the preferred powertrain. This is 3.36% less than the trading day before Wednesday, 14th Oct 2020. All Rights Reserved. The market already values the company in the same range as some of the world's biggest truck and engine makers. Nikola Corp is in the bottom half of stocks based on the fundamental outlook for the stock and an analysis of the stock's chart. It's just a great idea with potentially a compelling technology. Now, with all the above, things are certainly looking a little grim for Nikola stock. Nonetheless, the risks are still enormous simply because nobody -- not Nikola, not Tesla, not any of the big truckmakers -- has proven that these technologies can reliably meet the demands of operating 100,000 miles per year across various environments and hauling applications.