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Nikola founder rewards employees
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The rise of Nikola Corporation(NASDAQ:NKLA) has earned it a position as one of the Robinhood most popular stocks. Currently, it stands at a figure of about $15.64 Billion.
The Nikola Corporation founder Trevor Milton made an interesting announcement about what he wanted to do for the 50 employees of the electric-truck startup. These employees will receive 6 million of this official's shares as part of keeping his word on a promise he made when hiring them.
In a video posted on his Instagram page, Mr Milton spoke about his struggle to find the best employees around the globe. He further stated that it had been a monumental risk. From the outlook, success seemed elusive. However, it got to a point when he came across some employees that expressed willingness to join hands with him from day one to work and move forward.
His move to handover shares in the Phoenix-based company has been received with great excitement, and these are worth $233 million. Analysts have noticed the major spike in stock from the time Nikola started trading on the Nasdaq. It started in early June and that had been via a reverse merger. Investors have lately had a great appetite for the leading electric-vehicle manufacturers. So far, it hasn't yet produced its first vehicle.
The self-described serial entrepreneur Mr Milton has been doing a lot in efforts to promote the firm. He is said to have dropped high school, though later on he made it in the General Educational Development. His story draws a parallel to that of the world's fourth-richest person called Elon Musk.
The point that the official is worth about $4.6 billion at only 37 is interesting. The rating is based on the Bloomberg Billionaires Index that focused on the 500 richest people around the globe. His standing might drop immediately the share transfer is completed.
NINTENDO provides a bullish investment opportunity
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NINTENDO (NYSE:NTDOY) has earned its place as one of the most popular stocks on Robinhood, currently standing at a figure of $63.96 Billion in market capitalization.
Nio Inc's stock improves as it strikes partnerships
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The market capitalization of Nio Inc (NYSE:NIO) currently stands at $17.32 Billion, making it one of Robinhood's most popular stocks. Morgan Stanley is doing well in Nio, which happens to be a Chinese electric vehicle company. Its stock is currently considered to be on the bullish end according to analysts. Over a short while, the stock has moved from neutral to overweight. There are chances it could be rising 15%.
Back in April, a partnership was struck with the Chinese city Hefei. Morgan Stanley saw the whole thing as a bullish partnership. An outlook at the remaining sections of the business shows them progressing quicker than analysts could have anticipated. This stock rose by a margin of 4% during the premarket trading.
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COMTEX_370622190/2700/2020-09-03T06:17:35
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