The Nikola Corporation is an American manufacturer of heavy-duty battery electric vehicles, and energy solutions. Nikola presented several vehicle concepts from 2016 to 2020, among which was the first natural gas turbine-electric semi-truck. Valuation metrics suggest that Nikola Corporation may be overvalued. Nikola F value suggests it would be a poor choice for value investors. NKLA’s financial health and growth prospects point to its potential to underperform the market.
The Nikola Corporation has announced two strategic investors from its previous funding rounds. Bosch and Hanwha each invested at least $100 million, for a total of $230 million. Nikola Corp. has announced two strategic investors from its previous funding rounds. Nikola still works with relatively unproven technology and competes with clean energy heavyweights like Tesla (TSLA). To make matters worse, Tesla has announced that it is starting production of electric Semi trucks, which means that the Nikola will compete directly with Tesla.
|Type||Heavy-duty Electric Vehicles Manufacturer|
|Stock price||NKLA (NASDAQ) US$2.52 (Jan 2023)|
|CEO||Michael Lohscheller (Jan 1, 2023)|
|Revenue||18.1 million USD (2022 Q2)|
|Headquarters||Phoenix, Arizona, United States|
|Founded||2014, Salt Lake City, Utah, United States|
|Number of employees||888 (December 2021)|
|Total assets||990 million USD (2021)|