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Remember when Nikola was supposed to be the Tesla of hydrogen trucks? Fast forward through scandals, fraud convictions, and a mountain of debt, and now the company is offering $100 million in stock to stay afloat. The question is, can they turn this uphill climb into a comebackāor is this just another bump on a very rough road?
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Fueling a Comeback?
Nikola Corp., the beleaguered electric and hydrogen truck maker, is offering up to $100 million in common stock as it grapples with financial woes and reputational damage. The company, once hyped as a Tesla rival, is still reeling from the fallout of its founder Trevor Miltonās fraud conviction, which included a $167.7 million penalty owed to Nikola. The stock sale aims to bolster its working capital, but it comes at the expense of diluting existing shareholders, further eroding investor confidence.
This move underscores Nikolaās ongoing struggle to rebound from scandal and prove itself in the competitive EV market. While Tesla powers ahead with groundbreaking advancements, Nikola has been haunted by unfulfilled promises, much like the infamous Theranos debacle that rocked the tech world. These cautionary tales of fraud highlight both the risks and growing pains of maturing industries like EVs, where massive hype often meets the harsh reality of execution.
With 203 trucks delivered this year at a $481 million net loss, Nikolaās ambitions remain lofty but precarious. Its new capital will go toward general corporate purposes and potential acquisitions, but the road ahead is steep. For a company that shares the name of visionary inventor Nikola Tesla, its story remains one of caution in a sector pushing the boundaries of innovation and investor patience.
This Smart Home Company Hit $10 Million in Revenueāand Itās Just the Beginning
No, itās not Ring or Nestāitās RYSE, the company redefining smart home innovation, and you can invest for just $1.75 per share.
RYSEās patented SmartShades are transforming how people control their window shadesāoffering seamless automation without costly replacements. With 10 fully granted patents and a pivotal Amazon court judgment safeguarding their technology, RYSE has established itself as a market leader in an industry projected to grow 23% annually.
This year, RYSE surpassed $10 million in total revenue, expanded to 127 Best Buy locations, and experienced explosive 200% month-over-month growth. With partnerships in progress with major retailers like Loweās and Home Depot, theyāre set for even bigger milestones, including international expansion and new product launches.
This is your last chance to invest at the current share price before their next stage of growth drives even greater demand.
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