Joseph Spak

Managing Director at RBC Capital
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  • We believe this was a hard, but necessary step for Nikola in wake of allegations against Milton raised by a short seller report and SEC investigation.

  • We believe Nikola's stock will be in 'penalty box' for a while as they look to rebuild credibility.

  • Because of this, Tesla has access to a low cost of capital to fund growth, and the market has been willing to show more patience and look further out for companies such as Tesla.

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