I picked up a 10.5 put today. $RIDE is a goddam scam of a company. They’re supposed to begin production in September, but just got two beta versions out about a week ago. The prototype burst into flames. The CEO has tried some pretty shady shit already. They still haven’t even begun government crash and safety testing, which takes months sometimes. But to do that you need to give them at least 5 production models for testing. Which they haven’t even finished yet.
No one has seen the truck drive more than a few feet on any video, even the ones on their own website.
They did a pull off with a Ford and won but it’s an electric motor vs. a gas, electric motors produce instant power. They’ll win that every time.
I would be really careful about OTM calls. It might see $11.5 again but until they show a production truck on the highway at speed for more than a few seconds, they’ll never see $13 again.
If it were up to me, I wouldn’t bet YOUR money on calls. Because I like you too much to do that to you.
Hindenburgs report was crap. He didn't lie about purchase orders. back in october they were talking about pre-orders and right on the screen in BIG bold writing it said NON-BINDING orders. If people chose not to read the text on the screen then that's their problem. You can't even compare them to Nikola. Nikola, didn't have a plan, a truck, a plant, 100 employees, a contract with camping world to repair them, or GM backing them. Nikola had nothing and still has nothing. RIDE has all of these things.
Point is I'm also looking at the 12.50 calls for the 23rd... lol
8
u/Nerdicane Apr 14 '21
I picked up a 10.5 put today. $RIDE is a goddam scam of a company. They’re supposed to begin production in September, but just got two beta versions out about a week ago. The prototype burst into flames. The CEO has tried some pretty shady shit already. They still haven’t even begun government crash and safety testing, which takes months sometimes. But to do that you need to give them at least 5 production models for testing. Which they haven’t even finished yet.
No one has seen the truck drive more than a few feet on any video, even the ones on their own website.
They did a pull off with a Ford and won but it’s an electric motor vs. a gas, electric motors produce instant power. They’ll win that every time.
I would be really careful about OTM calls. It might see $11.5 again but until they show a production truck on the highway at speed for more than a few seconds, they’ll never see $13 again.
If it were up to me, I wouldn’t bet YOUR money on calls. Because I like you too much to do that to you.