Nikola: Starting an electric car chases the originator

Electric car manufacturer Nikola, in the end, has donated some cars. Seven years after the establishment and five months after founder Trevor Milton was charged with money laundering, the first electronic semi-finals went to a client in Los Angeles. This arrival means that Nikola has kept his promise to start shipping cars by the end of 2021.

Times may not be better. On Tuesday, the U.S. Securities and Exchange Commission said Nikola had agreed to pay $ 125m to settle the charge on the alleged false statements made by Milton. He is also facing charges of fraudulent misrepresentation of Nikola’s art, including video commercials in which gravity – not batteries – caused the car to move.

Nikola, who had a net worth of $ 587m at the end of the last quarter, could put up a pay cut. The most difficult task is to set the distance between itself and its originator. Following the Uber and WeWork sports book, it has established a smaller minority and is demonstrating its potential to improve revenue. It has made a number of agreements, including a contract to provide 100 vehicles to PGT Trucking. Nothing, however, comes close to the General Motors agreement. The US car manufacturer’s plan to get 11 percent collapsed last year. Shares remain relatively low in 2020, with Nikola reaching close to $ 29bn. Its current market price is $ 3.7bn.

SEC fees show that they have a problem with inventing electric cars, or flying taxis, thinking of doing trivial things to attract attention. Supervisors are adopting a very clever approach to hype.

Nikola used to be a meme stock. Also known as “pre-revenue”, it entered the markets in June 2020 through joint ventures before delivering any vehicles. The vision was all. Nikola wants to build hydrogen-powered cars and gas stations, car rental and fuel trucks. The company says one race will cover 900 miles. Anheuser-Busch is expected to receive its first hydrogen fuel vehicles.

Hydrogen is another oil that is considered to be the key to reducing global wealth. But construction is at an all-time high.

In the meantime, Nikola is donating his limited electric cars. This takes a distance of 350 km. Shipping will stabilize the stock price until hydrogen fuel tanks are manufactured. For Nikola, loyalty is now based on evidence.