Competitor Tesla electric trucks, Nikola Motor, came out on the NASDAQ

Конкурент Tesla по электро-грузовикам, Nikola Motor, вышел на NASDAQ

American manufacturer of electrographical Nikola Motor came out in the public financial field on NASDAQ.

At the end of the first trading day of June 4, 2020, the share price reached $of 33.75 apiece, and the company’s market capitalization was about $12 billion.

The largest owner of the stock Motor Nikola – founder Trevor Milton – became a billionaire. The value of its stake Forbes estimated at $3.7 billion.

Now Nikola has partnered with Italian-American holding CNH/Iveco, together with which in 2021 is planning to begin production of trucks with the motor. Among its partners, Bosch, Meritor and other companies. The company has already received orders worth $10 billion they include, for example, brewing company Anheuser-Busch, which ordered 800 trucks.

Now the company has small revenues, but it expects sales growth from $150 million in 2021 to $3.2 billion by 2024, with the growth of production. In 2024 Nikola plans to sell or purchase in the leasing of 7,000 machines with electric motors and 5000 trucks with hydrogen fuel cells.