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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.
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]
Feb 23 (Reuters) - Nikola Corp on Tuesday disclosed details on its hydrogen fuel-cell-powered product lineup that will include vehicles with a driving range of up to 900 miles.
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]
Assuming Nikola can scale up its business, analysts expect its revenue to roughly triple to $406.5 million in 2025 and more than double to $934.2 million in 2026. By the final year, they expect ...
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]
Troubled electric vehicle maker Nikola has filed for Chapter 11 bankruptcy protection. The company, once a rising star on Wall Street, became enmeshed in scandal and its founder was convicted in ...