Hydrogen and electric truck maker Nikola Motor is running into some serious issues with developing its battery-powered trucks.
Despite the major headwind, Nikola started producing its Tre electric semi trucks in 2021 under new leadership. By August 2022, the company had managed toSo what about its hydrogen-powered trucks? Interestingly, the fuel cell variant was not affected by the August recall. Last month, the company
it had 202 orders for the fuel cell variant, indicating there is at least some appetite for a much faster-recharging truck that has an advertised range of up to 500 miles.By all indications, the last three years have been a serious wake-up call for the once-hyped hydrogen truck startup. At below $1 a share today, the company has wiped out a tremendous amount of value.
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