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A comment on We View Nikola’s Response as a Tacit Admission of Securities Fraud. Parent comment

Re:We View Nikola’s Response as a Tacit Admission of Securit... by vmchale on Tuesday September 15, 2020 @10:45AM (#24481746)
Literally got investors because their name sounds like Tesla lol
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by Nextgrid on Tuesday September 15, 2020 @11:17AM (#24482155)
Early on in the pandemic a company with the stock ticker "ZOOM" boomed despite being completely unrelated to the communications software (whose ticker is "ZM").
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by carlosdp on Tuesday September 15, 2020 @10:51AM (#24481827)
That literally should have been a red flag from the get go. What ultimately successful company names themselves based on a leading competitor?
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by liability on Tuesday September 15, 2020 @11:42AM (#24482532)
If you look at the HN discussion about Nikola four years ago, it's filled with people pointing to the copycat name as a redflag. So even without hindsight, this was obvious.

> They could have tried a little harder with the name. It makes me take them less seriously with a copycat name like they're not confident enough in their product and need to glom onto Tesla's success. What an awful decision. The truck looks neat, though.

Response to the above:

> I don't think that truck is ever seeing the light of day; the name and the rest of it all seems incredibly unlikely to materialize except as some money in someone's pockets."

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Re:We View Nikola’s Response as a Tacit Admission of Securit... by cultus on Tuesday September 15, 2020 @11:03AM (#24481962)
Just to show how absolutely demented our financialized economy has become, look at the stock of Tiziana Life Sciences this year, with stock symbol TLSA:

https://markets.businessinsider.com/stocks/tlsa-stock?utm_so...

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Re:We View Nikola’s Response as a Tacit Admission of Securit... by dtwest on Tuesday September 15, 2020 @11:27AM (#24482307)
You think it's because the ticker is similar to TSLA? They are trying to develop treatments related to COVID-19, I bet that's the real reason it spiked this year. I don't know anything about the company, just took a minute to look at their website.
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Re:We View Nikola’s Response as a Tacit Admission of Securit... by adventured on Tuesday September 15, 2020 @12:22PM (#24483086)
Several stocks have seen that kind of spike due to Covid, so it's quite plausible it was just Covid.

Sorrento (SRNE) went from $1.70 in March to $19 due to peddling Covid this and Covid that (currently at $7 with a $1.78 billion market cap).

Moderna (MRNA) went from $18 in February to $95 at the peak of Covid vaccine mania. At the top it had something like a $37 billion market cap, which is not much below Biogen's $44 billion market cap (Biogen has $14 billion in sales and $7 billion in operating income).

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Re:We View Nikola’s Response as a Tacit Admission of Securit... by brian_herman__ on Tuesday September 15, 2020 @10:52AM (#24481847)
It is literally Nikola Tesla's first name.

https://en.wikipedia.org/wiki/Nikola_Tesla

Tesla, the electric car company is his last name. Nikola is his first name.

edit: Spelling

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