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Nikola - NKLA Official Launch |
Great news from the stock market, zero emission electric and hydrogen-powered trucks.
Nikola with ticker symbol NKLA was launched after IPO on June 02, by a merger between New York investment firm Vecto IQ and Phoenix Nikola Motors, before the merge the ticker symbol was VTIQ, two days after the launch the symbol was officially changed on June 04 from VTIQ to NKLA.
To understand the concept of stock investment, some investors acquire knowledge by taking online courses like "Growing Wealth With Stocks" and reading Books like "Growing Wealth Passively"
To understand the concept of stock investment, some investors acquire knowledge by taking online courses like "Growing Wealth With Stocks" and reading Books like "Growing Wealth Passively"
Trevor Milton, the 38-year-old founder of Nikola became
an instant multibillionaire with the company’s successful IPO.
Nikola, which makes electric and
hydrogen-powered trucks, saw its share price briefly top $37 after going
public, giving Milton a net worth of nearly $5 billion based on his share
ownership. The stock later settled back around $34, putting his net worth at
about $4.6 billion. Before the IPO, his stake in Nikola had been valued at
around $1 billion.
Interest in the company has been rising in recent months, and not just from investors ahead of the Nasdaq listing. In part, that’s due to the addition of Steve Girsky, a former vice-chairman of General Motors to Nikola’s board.
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Nikola Electric & Hydrogen Powered Trucks |
Nikola already has more
than 14,000 pre-orders for its vehicles worth $10 billion in potential revenue
and two-and-a-half years of production, the company said.
Nikola
will add Stephen Girsky, current CEO of VectoIQ and former vice-chairman of
General Motors Corp., to its board of directors.
The
merger will also allow the company to break ground on its state-of-the-art
manufacturing facility in Coolidge, Ariz., and begin its hydrogen station
infrastructure rollout, it said.
The
company expects to generate revenue by 2021 with the rollout of its BEV truck,
followed by FCEV truck sales starting in 2023, it said.
“We are
on a roll. You couldn’t ask for better news for the energy and tech industry,”
said Trevor Milton, founder and CEO of Nikola.
“We
believe we have a differentiated business model built on economics, not
government subsidies. We now need to double down and speed up the timelines and
get to market.”

Girsky said Nikola’s vision of a zero-emission future and ability to execute were key drivers in his company’s decision.
Milton
will serve as executive chairman of the combined company. Mark Russell, who has
more than 20 years of experience building and managing companies in the
manufacturing industry, will serve as the CEO of Nikola.
More information in the video below:
More information in the video below:
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