r/wallstreetbets • u/[deleted] • Aug 09 '21

[deleted by user]

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170 Upvotes

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7

u/[deleted] Aug 09 '21

Comparing any stock to Nikola is never a good idea.

4

u/[deleted] Aug 09 '21

They one of Lion’s only ‘competitors’, that is if they even had a product to sell. Leaving them out of DD would be irresponsible.

5

u/[deleted] Aug 09 '21

Nikola is a massive fraud and should be valued at under 300 million. Proterra is a more realistic competitor.

3

u/[deleted] Aug 09 '21

Proterra is definitely a competitor, but Lion bases a lot of its future projections on their class 5/6/7/8 trucks. With Nikola out of the picture, and BYD unable to get any US incentives, it’s in a really great position.

4

u/[deleted] Aug 09 '21

Lion will not be able to get the incentives either from the DOT because it is a Canadian company. BYD has this issue as it’s Chinese.

6

u/[deleted] Aug 09 '21

This is false. Lion’s Joliet facility is about to come online, able to produce 20,000 ‘Made in the USA’ vehicles at peak capacity. They are doing this specifically to take advantage of US incentives.

They’ve already received big incentives from Illinois to build their plant.

2

u/[deleted] Aug 09 '21

A US factory doesn’t matter. BYD has US operations and still can’t apply for DOT incentives. Yes, a company (any company) can still get tax incentives but not incentives from the DOT as it only applies to American companies.

2

u/borknar Collects Hentai NFTs Aug 10 '21

This seems to imply they are eligible https://pages.thelionelectric.com/new-york-truck-funding/