Hedge losses by Shorting NKLA

Short-term play.

As we know Nikola Motors is far from a revenue-generating period, so it would be logical to short.

Based on increasing short volume again - Check Fintel.io
And the fact earnings are coming out, we could expect a dip to 13$ or below.

Personally, I think this is a good play and overvalued IMO so correction is inevitable.
Didn't pay much attention to the scandal last year but we seem to be due for a drop.

NKLA

Besides, the trend is bearish so you may as well take advantage of that.

Entry price @18-19$

TP @13-15$

SL @21

(Disclaimer)

(This is not financial advice, just my opinion)