Electric truck company with zero revenue hits US$34-billion valuation
Move over, Tesla, another environmentally-friendly vehicle maker is stealing your sunshine.
Nikola Corp. surged 104 per cent in its third day of trading on the Nasdaq, June 8, after a reverse merger with VectoIQ Acquisition Corp.
Trevor Milton, the chairman and founder of the hydrogen truck maker, has already set lofty goals. The company said last week that pre-orders for its vehicles topped US$10 billion and it expects to start generating revenue in 2021, though it’s banked none at all so far.
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