With Nikola recently filing for bankruptcy and the general sentiment around the administration's increasing leniency toward securities fraud, I see NKLA as a risky investment. I'm leaning towards shorting shares, as the company continues to struggle with credibility and its market viability in the current environment.

With NKLA currently down 99.5% all time and burning through cash at an alarming rate, I believe the recent uptick is just a dead cat bounce before another major downturn. The company's fundamentals are deteriorating, and I expect further declines ahead.