Question: Please create new answer and dont copy from other posts. Answer should lengthly and well written and in your own words. Tesla, Inc. is an

Please create new answer and dont copy from other posts. Answer should lengthly and well written and in your own words.

Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, and related products and services. Nikola Corporation is an American company that has announced a number of concept zero-emissions vehicles since 2016 and has indicated plans to produce some of them in the future. The company is based in Phoenix, Arizona, where its research and development facility is located. Nikola Corporation 35.79 USD 000% Tesla Inc 419.62 USD 0.00% 3 months 6 months YTD 1 year 5 years Max 50.00% Mon, 14 Sept 0.00% -50.00% -100.00% Oct 7 7 Nov 2 Nov 27 Question: Nikola's stock began trading on June 4, 2020. As of Dec 17, 2020, Nikola stock price have made 0.1049% expected daily retum with 5.884% standard deviation, while Tesla stock price have made 0.1853% expected daily return with 3.533% standard deviation. The correlation coefficient of those stock is -0.7718, which is extraordinarily opposite. Which stock would you suggest to invest? Why? Provide an investment strategy based on the statistics and portfolio investment theory. Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, and related products and services. Nikola Corporation is an American company that has announced a number of concept zero-emissions vehicles since 2016 and has indicated plans to produce some of them in the future. The company is based in Phoenix, Arizona, where its research and development facility is located. Nikola Corporation 35.79 USD 000% Tesla Inc 419.62 USD 0.00% 3 months 6 months YTD 1 year 5 years Max 50.00% Mon, 14 Sept 0.00% -50.00% -100.00% Oct 7 7 Nov 2 Nov 27 Question: Nikola's stock began trading on June 4, 2020. As of Dec 17, 2020, Nikola stock price have made 0.1049% expected daily retum with 5.884% standard deviation, while Tesla stock price have made 0.1853% expected daily return with 3.533% standard deviation. The correlation coefficient of those stock is -0.7718, which is extraordinarily opposite. Which stock would you suggest to invest? Why? Provide an investment strategy based on the statistics and portfolio investment theory

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