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NKLA Stock Report - Nikola Corporation

Nikola Corporation logo Nikola Corporation (NKLA) is an American electric vehicle and renewable energy company that was founded in 2014. The company designs and manufactures zero-emission heavy-duty commercial trucks and other vehicles, including pickup trucks and semi-trucks, powered by hydrogen fuel cells and batteries.

Nikola's primary focus is on hydrogen fuel cell technology, which it believes is the key to reducing greenhouse gas emissions and improving air quality. The company has developed its own fuel cell technology, which it claims has several advantages over traditional fuel cell systems, including increased power density and lower cost.

Nikola's trucks are designed to have a range of up to 900 miles on a single hydrogen fill-up, which is significantly longer than the range of most electric vehicles. The company plans to build a network of hydrogen fueling stations across the United States and Europe to support the adoption of its vehicles.

In addition to its vehicle manufacturing business, Nikola also offers energy storage solutions and has plans to build a network of solar-powered hydrogen production facilities.

The company went public through a reverse merger with VectoIQ Acquisition Corp in June 2020, and its stock is listed on the NASDAQ stock exchange under the ticker symbol NKLA. However, the company has faced controversy and scrutiny, including allegations of fraud and deceptive marketing practices. As a result, its stock price has been highly volatile.


Stock Sector: Automotive: Trucks and Other Vehicles


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