Jason predicted that Nikola Corporation’s equity value would collapse to penny‑stock levels (around $0.60 per share) and the company would ultimately be worth effectively nothing.

By early 2025, Nikola’s stock had fallen from its multi‑billion‑dollar 2020 valuation to mere cents per share; historical price data show it closing at about $0.60 on February 13, 2025 and then trading well below $1 (down more than 98% from prior highs). (tipranks.com) Reporting around the same time noted the shares in the $0.40–$0.60 range and a loss of over 99% of value since going public. (barrons.com)

On February 19, 2025, Nikola filed for Chapter 11 bankruptcy protection after failing to secure a buyer or raise sufficient capital, with plans to auction its assets; Nasdaq trading was later suspended and the company moved to delist. (cnbc.com) A subsequent court‑confirmed plan of liquidation, as summarized in the company’s 2025 Form 10‑K, states that Nikola has sold substantially all assets, ceased operations, and that all common stock and equity securities will be cancelled with shareholders receiving no distribution. (stocktitan.net)

Because the stock did in fact reach the predicted penny‑stock range and the equity is being wiped out in liquidation, Jason’s claim that Nikola’s equity would go to essentially zero and be worth nothing to shareholders has been borne out by events.