By on June 9, 2020

Nikola, the Phoenix-based EV startup that hopped on the Nasdaq last week, finds itself awash in capital despite not having much to show for itself it terms of sellable product.

No matter, as it doesn’t take a sound business model or originality to thrive on Wall Street. Nikola hasn’t even seen fit to come up with a unique moniker for itself and instead uses the scraps left by Tesla Motors’ not using the full name of the inventor that serves as its inspiration. However, Nikola is designing battery/hydrogen-driven semi trailers and pickup trucks — which are the freshest fad in the industry at present. Investors took notice and pushed Nikola’s market cap past $26 billion on Monday. It just kept climbing, too, with only the eventual promise of product and profitability to spur them on.  (Read More…)

Recent Comments

  • BobinPgh: It would have been ok if GM went “Tron” but now it looks like a place where you buy old clothes.
  • Hydromatic: I blame the Shriners, personally.
  • Hydromatic: Sure, let’s cancel a civil rights leader whose work helped a significant portion of our nation enjoy the...
  • Arthur Dailey: The logo never influenced any of my vehicle purchases. Heck I still prefer the 1950 Ford red, white...
  • Arthur Dailey: Rust. Still an issue where salt is extensively used.

New Car Research

Get a Free Dealer Quote

Who We Are

  • Adam Tonge
  • Bozi Tatarevic
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber