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The EV truck company's stock is trading down over 99% from its peak price.
Nikola rode a wave of enthusiasm for electric transportation when it went public in 2020 and at one point was worth in excess of $30 billion — more than Ford at that time.
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.
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]
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 ...
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]
Nikola's (NASDAQ: NKLA) stock has plunged nearly 99% over the past three years. The maker of electric semi-trucks was a red-hot stock during the buying frenzy in speculative stocks in 2020, but it ...
In November 2019, Nikola Motor Company and Iveco presented the jointly developed Nikola Tre electric truck, with a power of 644 hp (480 kW), a maximum torque of 1,800 N⋅m (1,300 lbf⋅ft), a battery of 720 kWh and a range of up to 400 km (250 mi). It is developed on the basis of the Iveco S-Way.
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