Elon Musk Mocks Nikola Motors as “Dumb.” Is He Right?

Elon Musk Mocks Nikola Motors as “Dumb.” Is He Right?
(AP Photo/Alex Brandon)

“Staggeringly dumb.”

That’s the latest insult Elon Musk threw at Nikola Motors (NKLA), which has rocketed a crazy 500%+ since April. Love him or hate him, no one denies Musk is a genius. He built Tesla (TSLA)—easily the world’s most innovative car company—from scratch. When he’s not running Tesla, he works a “side job” as a rocket scientist for his private space company, SpaceX.

So, you’d think only fools would bet against Musk. But that’s what we’ve been doing lately. No, we haven’t been “shorting” Tesla. Instead, we invested big in hydrogen energy—including Nikola Motors.

Musk HATES the idea of using hydrogen energy to power vehicles. Hydrogen is the most abundant element in the universe. It’s been used as an energy source for decades. In fact, NASA has been using it since the ‘50s as rocket fuel for its space missions.

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