Electric truck maker Nikola (NKLA) may have gotten off to a hot start by more than doubling after becoming a publicly traded company this month, but it has yet to win over Shark Tank’s Barbara Corcoran.
On Thursday, Corcoran emphasized caution on the automaker that briefly saw its market cap swell beyond Ford’s this month, despite the company posting losses of nearly $200 million since its inception.
While the company has attracted comparisons to Elon Musk’s Tesla Motors, Corcoran said Nikola’s founder Trevor Milton may be a good salesman for bringing his company so much attention in such little time, but he has a ways to go to earn Musk’s credibility.
“I wouldn’t put my money there,” she told Yahoo Finance’s YFi PM. “I’m a believer in Tesla, wholeheartedly. I don’t feel the same way about Trevor. Here’s what I give him: I give him great grades for being a