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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.
The EV truck company's stock is trading down over 99% from its peak price.
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 ...
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 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.
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]
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