Zack’s presently ranks Nikola Motor as a purchase. Forecasted at a median goal worth of $5, double their present worth, a mean of $6.71 and a projected excessive of $15.

Nikola has a working product within the BEV semi and has been producing a whole lot of vans, with the FCEV mannequin being launched this 12 months with a whole lot pre-ordered already.

Nikola named a brand new CEO this quarter who has a long time of trade expertise together with CFO of Mitsubishi, CFO of Volkswagen Group, and CEO of Opal.

This quarter it was introduced Nikola obtained California’s CARB advantages eligibility which gives gross sales incentives of $240,000 to $280,000 per truck. In addition to eligible for a $40,000 clear business automobile tax credit score from the federal authorities.

Part 3 of their manufacturing facility in Arizona is nearing full with the power to extend manufacturing to twenty,000 vans per 12 months at that manufacturing facility not together with their three way partnership with IVECO manufacturing facility in Germany.

Nikola additionally launched their hydrogen enterprise HYLA. Devoted to procuring, producing and distributing hydrogen gas for truck.

Is there a powerful case that Nikola is price greater than its present share worth?

Sources: https://www.zacks.com/inventory/information/2053455/heres-why-nikola-nkla-is-a-great-buy-the-bottom-stock-now?art_rec=quote-quote-zacks_news-ID03-txt-2053455

https://cash.cnn.com/quote/forecast/forecast.html?symb=nkla

https://www.marketwatch.com/investing/inventory/nkla/analystestimates

https://nikolamotor.com/press_releases/nikola-tre-fcev-receives-carb-hvip-incentive-eligibility-228

https://nikolamotor.com/press_releases/nikola-corporation-celebrates-the-customer-launch-of-serial-production-in-coolidge-arizona-163