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The EV truck company's stock is trading down over 99% from its peak price.
Nikola lost more than $200 million in the third quarter of 2024, and in October, the company said it only had enough cash to last until the first quarter of this year.
Nikola's share count has already grown by more than 170% over the last 18 months. With the company currently burning through cash at a rate of more than $510 million per year, even raising $500 ...
In November 2018, the company unveiled a Nikola Tre hydrogen-powered semi-truck concept aimed at the European market. [81] The hydrogen ICE Tre was also stated to be targeted for the Australian and Asian markets. [82] Nikola said the Tre concept was to have 500 to 1,000 horsepower (370 to 750 kW) and a range of 310 to 750 miles (500 to 1,200 km ...
2005 - Hyundai Tucson FCEV [38] 2014 - Hyundai Intrado [39] 2022 - Hyundai N Vision 74; Maxus: 2019 - Maxus G20FC - multi purpose vehicle (MPV) [40] Mazda: 1997 - Mazda Demio FCEV [41] 2001 - Mazda Premacy FCEV (uses Reformed methanol fuel cell) [42] Mitsubishi: 2004 - Mitsubishi FCV; Morgan LIFEcar. Morgan: 2005 - Morgan LIFEcar; Nissan: 2012 ...
On September 20, 2020, Milton resigned from his position as executive chairman of Nikola Corporation. [2] [29] [30] [31] As part of his exit package, he remained an unpaid consultant to Nikola until December 2020 [32] and was restricted from publicly commenting on Nikola without prior approval. [32]