Friday, January 22, 03:38
Home inet Nikola: It surpasses Tesla and breaks the stock market record

Nikola: It surpasses Tesla and breaks the stock market record

None of the major powers in the automotive industry can outperform its stock Nikola Corp. Although its shares Tesla have reached the highest level and Hertz Global Holdings is much higher than when the company went bankrupt, none can cope with the comparison.

Nikola: It surpasses Tesla and breaks the stock market record
Nikola: It surpasses Tesla and breaks the stock market record

The ambitious truck manufacturer, electrical battery and hydrogen, made his debut in Nasdaq, last week following a "reverse merger" with one "blank-check»Company, under the management of its former Director General Motors. Their stock more than doubled on Monday, and so did Nikola another 30% traded at $ 95 after closing. This gave the company a richer capitalization than the almost 117-year-old F-150 manufacturer. Ford Motor, which is expected to hit above $115 billion revenue this year.

Skeptics have questioned value market of Tesla, which has not yet announced an annual profit. By pushing Nikola's purchase limit to $ 26 billion at the close of Monday, investors have made their estimates for the zero-emission vehicle company, whose name is inspired by the Serbian-American inventor.

Nikola's Director, Trevor Milton, mentioned many factors that could be hidden behind the sudden profit shares, and presented examples, including its announcement via tweet. In the announcement he stated that the company will start taking the stocks for its acceleration Badger.

«Her first goal Nikola, is to have steady growth in the long run. "

Starting with its first steps, 5 years ago, until the end of last year, the Phoenix-based company has lost at least $ 188.5 million. Her plans are to start delivering semi-electric battery truck Three the following year, followed by 2 models electric fuel cells, intended for 2023.

The Badger model, which Milton said may have excited the market on Monday, may not be able to go into production. In submission public offering, Nikola said have placed more emphasis on the construction of Class 8 heavy vehicles, and not so much in the construction of Badger, unless he finds a partner to work on it together.

Last week Milton handed over the position of Director to Mark Russel, former Director General of Construction Mining WOrthington Industries Inc., who was president of Nikola since February 2019. The company with which it merged, VectoIQ Acquisition Corp., administered by him Steve Girsky, the former Deputy General Manager who helped get out of bankruptcy.

Nikola: It surpasses Tesla and breaks the stock market record

At the end of last year, the company had about $ 86 million in cash. Before joining the stock market, he had amassed more $ 500 million in private capital, although this includes a $ 150 million contribution from the CNH NV industry, the truck manufacturer that is linked to the Italian billionaire Angeli family. CNH also invested $ 100 million in cash in Nikola last year.

The merger with CNH includes an investment shared in Europe, which aims to start producing electric battery trucks in Germany in the first half of next year, and in North America, which Nikola will own entirely.

Nikola's stocks for 14.000 electric trucks could be worth more than $ 10 million, no agreement has been reached. The company told potential investors in April that it was negotiating with partners to convert pre-orders into binding contracts with deposits.

While Milton is having a good time, since his fortune is at $ 9 billion, still has on his wish list something that the CEO of Tesla has: his blue certification Twitter.

LEAVE ANSWER

Please enter your comment!
Please enter your name here

Digital Fortress
Digital Fortresshttps://www.secnews.gr
Pursue Your Dreams & Live!

LIVE NEWS

Mac: How to see which model you have and when it was released

When you need support for your Mac - or want to install some kind of upgrade - you usually need to know the exact ...
00:02:35

Bill Gates: Will he work with Biden on COVID-19 / climate change?

Microsoft co-founder Bill Gates said on Twitter that he is looking forward to working with the new US President, Joe Biden, and ...

What are the rumors circulating about the iPhone 13?

Apple iPhone 13 will have a redesigned Face ID system that will have a smaller notch at the top of the screen, ...

Biden: How was the political transition in the US captured on social media?

As Joe Biden was sworn in as President of the United States, this important political transition was captured on popular social media. On January 20, ...

CentOS ceases to be supported but RHEL is offered for free

Last month, Red Hat caused a great deal of concern in the Linux world when it announced the discontinuation of CentOS Linux.

Microsoft Office 365 employee passwords leaked online!

A new large-scale phishing campaign targeting global organizations has been found to bypass Microsoft Office 365 Advanced Threat Protection (ATP) and ...

COSMOTE and Microsoft provide new cloud solutions for businesses

COSMOTE and Microsoft expand their cooperation, offering even more advanced and high quality cloud solutions, in large and small ...

Cyber ​​attacks in Eastern Europe are on the rise!

The cyber-attacks that have taken place in many US government agencies and companies in recent months have caused concern in the developing countries of ...

Tesla reduces the prices of the Model 3 in Europe

Tesla has reduced the prices of the Model 3 in many European markets, which reductions could be partly linked ...

iOS, Android, XBox users in the crosshairs of a new malvertising campaign

Recently a new malvertising campaign was discovered that targets users of mobile and other connected devices and uses effective ...