What is your strategy? Are you a Trader or an Investor? Do you need the money now or next week? Or do you need it in 5-10 years? What is your risk level? Do you like to keep it safe or live on the edge o bit? Before making a decision there are so many questions you should ask besides just looking at the momentum of the stock
This is a company that has innovated and will do so again in the future. It is one of the few that does Hydrogen Fuel Cells not just Lithium Batteries. Therefore if you are an investor that believes in this company than wait for 2-3 years and see what happens. The VE industry is just now starting and in 2030 you will look back and say I wish I had bought some stock. Just like now we look back and think it would have been so cool to have bought Amazon, Apple, Google,
Microsoft in 1990-2000 and keep them until now
On another note keep in mind that the US will not go down without a fight and will not be ok with having just Tesla in their corner while China has 10 companies. They will start giving both Tesla and Nikola + GM and maybe others a lot of incentives to help them grow and keep up with China.
Also keen in mind that this is a company that has 10 billion of backlog orders. So when it does start production it will move very fast and enter the market at a strong pace
This was my two cents on this. I have some money that I am not using now and have bought shares in some of the EV companies and plan to keep them for a couple of years. Some might not do well and will have to sell them and maybe even take a loss (but with the momentum of these share I doubt they will ever go below £15). But if 1 or 2 do well then buying something now at £20-30 and keeping it until they are £2000 sounds like a good plan to me