Nikola's Market Value Captures 117-Year-Old Ford and Fiat Chrysler

Nikola's Market Value Captures Annual Ford and Fiat Chrysler
Nikola's Market Value Captures Annual Ford and Fiat Chrysler

Many brands have been producing their own electric cars in recent years, when the interest in electric cars has increased a lot.

One of these brands is the American manufacturer Nikola, which was founded in 2014. The market value of the company, which has not sold any cars since its establishment, has outperformed 117 years of Ford and Fiat Chrysler.

Shares of the American electric automotive company Nikola, which started to be listed in Nasdaq last week, more than doubled.

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

PASSED FORD AND FIAT

The company, which does not have a model that it has not delivered yet, has surpassed the automotive giants Ford and Fiat with a market value of 26 billion dollars.

FIRST DELIVERY IN 2021

The first sale of Nikola, which lost 188 million dollars last year, will take place next year. In addition, the company is not expected to make any earnings this year.

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