Lets talk about the Tesla Competitor worth more than Ford

June 11, 2020

The Tesla competitor known as Nikola has been in the news recently and has held all Electric car rumors hostage. Nikola is a US based start-up that currently has a market value of over £20 billion. 

How is this even possible given the fact that they have yet to deliver a vehicle? There was a sudden surge in its share price as soon as they announced that they were open for orders for their very expected pick-up car. 

The company that took the first name of the famed Nikola Tesla, has its eye mainly focused on producing F-150 type pickup trucks.  It has had plenty of well-known investors back their journey including the founder of Fiat, Anheuser-Busch, and Bosch. 

Perhaps the most impressive figure is that Nikola only has 250 employees yet has more than 10 billion in pre-orders for its commercial trucks. They are expecting to start delivering their trucks in 2021, yet we will see how that compares to its actual delivery dates in the future. 

We look forward to keep an eye on the Nikola company and hope that increased competition brings improved development for all electric cars in the future. This will without a doubt be beneficial for us customers, and we look forward to writing about it.

Here is the full article: https://www.bbc.com/news/business-52988086

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