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The EV truck company's stock is trading down over 99% from its peak price.
Nikola's share price has declined 87% over the past year, and declined 50% over the past three months alone. Much of that was driven by the company overpromising and drastically underdelivering.
Feb 23 (Reuters) - Nikola Corp on Tuesday disclosed details on its hydrogen fuel-cell-powered product lineup that will include vehicles with a driving range of up to 900 miles.
2014 - Hyundai ix35 FCEV — Leased in South Korea, California, Europe and Vancouver (sometimes referred to as the "Tucson"). And Hyundai claimed 'World's first mass production FCEV'. 2016 - 2021 Honda Clarity Fuel Cell — Marketed in Japan, Southern California, Europe. [11] [12] Total sales 1,900 vehicles. [13]
Nikola Corporation (formerly known as Nikola Motor Company) is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. [2] It presented several concept vehicles from 2016 to 2020, the first of which was a natural gas fueled turbine-electric semi truck. [3]
The current version and fourth generation is the 2012 ix35 FCEV. The Tucson ix35 FCEV has a more powerful electric engine rated at 100 kW (134 horsepower), and a range of about 369 miles (594 km). This improvement in range is due in part to the Tucson ix35 FCEV's greater space for holding Hydrogen tanks of compressed hydrogen , higher storage ...
The Nikola Tre battery electric Class 8 truck. The Phoenix-based company's stock prices soon began to plunge as doubts emerged about the viability of its technology.
In February 2024, Honda unveiled the CR-V e:FCEV in the US. It is a plug-in hybrid electric, fuel cell version of the CR-V that is equipped with a front-mounted electric motor, two high-pressure hydrogen tanks with a total capacity of 4.3 kg (9.5 lb), a 17.7 kWh battery with plug-in charging capability, it has an EPA estimated driving range of 435 km (270 mi) and battery electric range of 47 ...