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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 ...
Over 20 other FCEV prototypes and demonstration cars were released in that time period, [39] including the GM HydroGen4, [32] and Mercedes-Benz F-Cell. The Hyundai ix35 FCEV Fuel Cell vehicle was available for lease from 2014 to 2018, [40] when 54 units were leased. [41] In 2018, Hyundai introduced the Nexo. [42]
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.
The purchase price set a new record for a home in the state. [52] He is friends with Dave "Heavy D" Sparks. [53] [54] In September 2020, Forbes assessed Milton's net worth to be at at least $3.1 billion, as he owned about 25% of Nikola, which was valued at about $12.4 billion at the time. [55]