skyrocketed as much as 104% on Monday after setting a June 29 reservation date for its new electric truck, the Badger.on Monday plans to debut its Badger truck and open up reservations to consumers. Nikola Corp. was founded in 2016 and is focused on building electric and fuel cell powered trucks, including a pick-up truck and an 18-wheeler.
The company went public last week through a reverse merger with VectoIQ Acquisition Corp. Since announcing its planned reverse merger with VectoIQ on March 3, shares are up as much as 612%.MORGAN STANLEY: The stock market is entering a new phase of a playbook that's thrived in past recessions. Here's how to tweak your portfolio to take advantage.
The company differs from Tesla in that its electric trucks run will run on hydrogen fuel cells. Instead of building out a network of electric vehicle chargers like Tesla, Nikola plans to build infrastructure to support a network of hydrogen fuel refill stations across the country. One potential benefit of hydrogen fuel cells is a quick refuel time akin to filling up a gas tank with gasoline, rather than having to wait upward of an hour to get a decent charge from a high-powered electric-vehicle charging station.Nikola shares traded to a high of $73.70 Monday afternoon, representing a one-day gain of 103.7%.
Workhorse Group. WKSE
Miguel70568755
Shocked I only heard about Trevor Milton, a UVU dropout, a few weeks ago. Stock is up 57$ today thus far🤐🤐. He might be the most wealthy entrepreneur ever to come out of Utah if this continues (current net worth estimated $10bn).
I like the truck
Nikola as from 'nikola tesla' ?
Wait. WHAT?! Nikola Motors
Nikola? 🤦
Wow
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Forbes - 🏆 394. / 53 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »