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Hydrogen & electric truck startup Nikola Motor debuts on Nasdaq

Hydrogen & electric truck startup Nikola Motor debuts on Nasdaq

Arizona-based Nikola Motor company has completed its reverse merger with VectoIQ Acquisition Corp making it a publicly traded company valued at $11 billion. The founder and Executive Chairman Trevor Milton, whose personal fortune shot up to $4.6 billion after listing, reported that Nikola has already secured pre-order reservations worth $10 billion and are sold out for 8 years of production.

Gaurav
Gaurav
atlas shrugged
atlas shrugged 5 months

Question to anyone that thinks the rich are looting from the poor: where did the $4.6 billion market cap come from?

Gaurav
Gaurav 5 months

Nikola is likely to attain as much success as Tesla Inc. Though, catering to commercial vehicles segment limits the media attention and coverage for Nikola Motor. However, it will be amusing to watch in years to come how Nikola and Tesla pivot the transformation of transport industry.

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