20 de outubro de 2020 , por
"The best part is, the interview was recorded so it will be fun suing the s--- out of them now," Nikola Motor Company's founder, Trevor Milton, said. Due to the aforementioned chicken-or-egg problem, there are fewer competitors in the FCEV Class 8 market. The reason why Nikola may succeed where others have failed is their planned network of hydrogen fueling stations. Your email address will not be published. In another comment, Mr. Musk suggested that people cannot fathom just how many batteries his company plans to produce on the back of Tesla’s battery breakthrough. As for performance, the FCEV trucks take 10-15 minutes to charge, have a range of 500-750 miles, and come with some really cool features like a digital cockpit, regenerative braking, and torque vectoring which allows control of each wheel independently through drive-by-wire. If the company is able to sell or lease every truck which has been reserved, that would translate to $10 billion in revenues. As of December 31, 2019, Nikola had reservations for 14,000 Nikola Two FCEV trucks, all of which are subject to cancellation by the customer until the customer enters into a lease agreement. PitchBook’s non-financial metrics help you gauge a company’s traction and growth using web presence and social reach. Here is how much your shares of VectoIQ will be worth if that happens: For illustrative purposes, based on funds in the Trust Account of approximately $238.4 million on December 31, 2019, the estimated per share redemption price would have been approximately $10.36. These same companies will need to invest in hydrogen infrastructure to fuel their trucks. This information is available in the PitchBook Platform. The inability to execute on the plan could reflect a fundamental problem with the business model and/or hydrogen fuel cell technology not living up to its expectations. Public Fundamental Data provided by Morningstar, Inc. Nikola Corp is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetra, fugiat nulla pariatur. (Construction is expected to begin in 2021.) Your email address will not be published. Duis aute irure dolor in reprehenderit in volu, You’re viewing 5 of 35 competitors. In 2023, the first FCEVs are expected to be leased. Historical Prices. That’s why Nikola’s value proposition is so appealing to investors and customers alike. What’s not negotiable is revenue growth. We previously discussed how blank check companies work, and that appears to be the path Nikola Motors is taking to market. Toyota is collaborating with Kenworth, an American manufacturer for medium- and heavy-duty Class 8 trucks, to jointly develop a hydrogen fuel cell heavy-duty truck, and Daimler and Volvo recently announced a proposed joint venture to develop fuel cell systems for heavy-duty trucks. Developing a better battery will be extremely beneficial to the operator, especially when it comes to increased range. Get the full list ». Percentage Held by Institutions Nikola’s approach aims to solve “the chicken or the egg” problem. As part of the merger transaction, there is what’s referred to as “the PIPE transaction” where just under 15% of the company will be sold for $525 million. Today, VectoIQ shares trade at around $28.63 per share. Nikola Corporation is an American company that has announced a number of concept zero-emissions vehicles since 2016 and has indicated plans to produce some of them in the future. The deal is structured such that if everything goes pear-shaped, VectoIQ will simply liquidate the blank check company and give everyone back their money. Personalize which data points you want to see and create visualizations instantly. From there, they plan to build up to 10-12 additional stations in California. According to a 2019 report by BloombergNEF, from 2010 to 2018, Lithium-ion battery prices saw an 85% cost reduction. Nikola shares jumped on Thursday following comments from the embattled company's management team. Why Nikola Stock Is Rolling Downhill Today. So far, everything seems straightforward here except for the price of VectoIQ stock (soon to become Nikola Motor Company’s stock). Existing fuel providers have little incentive to develop an alternative fuel infrastructure due to a lack of known demand. All rights reserved. Nikola Motor Company Stock. 05 2021. The company is based in Phoenix, Arizona, where its research and development facility is located. Only 15.80% of the stock of Nikola is held by insiders.
The initial plan for the station rollout begins with an eight-ton pilot station accessible to the Anheuser-Busch brewery in Van Nuys, California. At least one company disagrees with Mr. Musk.
The SEC filing talks about how Tesla, Daimler, Volvo, as well as other automotive manufactures, have announced their plans to bring Class 8 BEV trucks to the market over the coming years. With the State of California offering some massive incentives for transport companies to adopt FCEVs, it remains to be seen what cost savings can be realized without subsidies. Nikola has partnered with Nel ASA to build their hydrogen filling base station which is expected to have a daily production capacity of 17,637 lbs. This additional capital will be used for the company’s ambitious growth plans.
Historically, investing in alternative fuel vehicles represented a high risk for both original equipment manufacturers (OEMs), and customers due to the uncertainty of the fueling infrastructure. Each station is expected to take 1.5 to 2 years to complete, and the average total cost per station to be $15 to $20 million, depending on station location. In other words, if that deal falls through for whatever reason, anyone who holds shares in VectoIQ will lose about -64% of their investment immediately. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia de, amco laboris nisi ut aliquip ex ea commodo consequat. Nikola Motor Company stock may become available for retail investors to purchase, something that may be both a blessing and a curse. Percentage Held by Insiders.
Battery-powered vehicles seem to be working out just fine, so why reinvent the wheel? And we’re not just talking about puffing the magic dragon. That's why we created “The Nanalyze Disruptive Tech Portfolio Report,” which lists 20 disruptive tech stocks we love so much we’ve invested in them ourselves. To explore Nikola Motor Company‘s full profile, request access. MotleyFool 7 hrs ago. Keep in mind that Nikola’s initial rollout is in a State that looks upon green stuff extremely favorably. Required fields are marked *. Loading.. (While no deposits were taken for the reservations, the majority of order book represents large corporate customers with over 100 or more trucks.) Pure-play disruptive tech stocks are not only hard to find, but investing in them is risky business. In the words of Nikola’s visionary CEO Trevor Milton: “This is the biggest advancement we have seen in the battery world. In response to Nikola surpassing Ford in market valuation, Ford CEO John Farley pointed to its upcoming electric F-150 and said, "I'm thinking opportunity for Ford Motor Company." Not to be outdone, Tesla is planning their own battery technology reveal this summer which has something to do with their acquisition of one of the main players in the ultracapacitor space. One customer name that comes up a lot is Anheuser-Busch (BUD) which plans to lease up to 800 Nikola Two FCEV trucks (Nikola’s investor deck calls the agreement with AB “binding,” whatever that means). We can easily figure out the implied valuation of Nikola Motor Company at a share price of $28.63 with the following additional information: The Public Stockholders will own 23,000,000 shares of VectoIQ Common Stock, representing approximately 6.4% of the total shares outstanding. The inability to tackle both sides of this equation has prohibited hydrogen from reaching its potential. (Each lease is for 7 years or 700,000 miles, whatever comes first.). During the initial roll-out, customers will be responsible for their own charging needs. Some people might suggest shorting a stock that appears to be wildly overvalued, but that’s not a good idea for amateur investors. Virgin Galactic (SPCE) is a good example of why you should stay away from hyped stocks until the dust settles. Founded in 2015, Nikola Motor Company has raised over $500 million in funding so far from investors that include Bosch and the U.S. Department of Energy. In May of 2018, Nikola sued Tesla claiming that Tesla’s own electric semi truck was too similar to Nikola’s. Nothing adds up here, and when we see irrational behavior like this on exhibit, we immediately move to the sidelines. These stations are expected to be in operation by 2023 (according to Nikola’s financial projections). With this breakthrough, Nikola trucks could weigh 5,000 lbs.
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