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The EV truck company's stock is trading down over 99% from its peak price.
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.
Nikola Corporation (NASDAQ:NKLA) shares are trading lower in the premarket session on Wednesday, after it filed for Chapter 11 bankruptcy, seeking to auction its assets while continuing limited ...
Nikola Corporation (formerly known as Nikola Motor Company) is an American manufacturer of heavy-duty commercial battery-electric vehicles, fuel-cell electric vehicles, and energy solutions. [2] It presented several concept vehicles from 2016 to 2020, the first of which was a natural gas fueled turbine-electric semi truck. [3]
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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]
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]
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 ...