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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 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.
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 ...
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]
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]
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