Nikola Overtakes Ford and Fiat without Realizing Any Sales

Nikola left Ford and Fiat without selling any sales
Nikola left Ford and Fiat without selling any sales

Shares of the US electric automotive company Nikola, which has been listed on Nasdaq since last week, more than doubled.

The shares of Nikola, which was offered to the public from $ 37, rose to $ 95. Later, the shares, which started to decline, decreased to $ 65.

The market value of the company, which does not have a model that it has not yet delivered, reached $ 26 billion, leaving automotive giants Ford and Fiat behind.

The company, whose first delivery is expected to be made next year, is not expected to earn any income in 2020. The company had lost $ 188 million last year.

NEW RECORD FROM TESLA

Electric car maker Tesla broke a new record. The company became the most valuable automotive company after the recent increase in market value.

Tesla shares, which opened at $ 919 at the beginning of the week, reached $ 1000 and broke a big record. After this increase, Tesla left Japan-based Toyota behind and became the most valuable automotive company.

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