Nikola Corporation operates as an integrated zero emissions transportation systems provider. It designs and manufactures battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen fueling station infrastructure. The company was founded in 2015 and is headquartered in Phoenix, Arizona.
Price will someday go back to fill the gap.
Summary
- NKLA shares soared over 100% on June 8 after the hydrogen vehicle maker went public through a reverse merger with VectoIQ.
- NKLA has no vehicle revenues and is not expecting revenues until 2021 at the earliest.
- Management seems doubtful of future liquidity amid optimism about expansion, commercialization and development of infrastructure.
- NKLA has boasted $14 billion in preorders, which is nearing its estimated peak annual production capacity.
- NKLA's market cap as of June 15 at $24.7 billion puts it just $1 billion below F