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Shares of electric car developer Nikola have risen thanks to the first deliveries

Electric and hydrogen truck developer Nikola Corporation (NKLA) has announced the first deliveries of electric trucks. The reason for the growth of NKLA quotes by 7.08% to $ 9.98 at auction on December 29. The market capitalization was $3.79 billion.

Nikola announced the delivery of the first electric truck tractors. The customer was the California logistics company Total Transportation Services (TTSI). 

It specializes in the transportation of goods from seaports. We will test two battery trucks and two with a hydrogen power plant. 

If the tests of the first four cars are booming, TTSI intends to buy another hundred Nikola tractors. Then, in 2022, it to purchase 30 electric Tre, and in 2023 — 70 cars with a hydrogen power plant. Nikola Tre tractors on batteries have a power reserve of about 560 km and hydrogen – a little more than 800 km. In the USA, this is enough for one work shift; besides charging, the battery version lasts only 120 minutes, which is very fast for a battery with a capacity of 753 kWh. 

Trucks on the proven IVECO S-Way platform It should note that the electric drive is the most suitable for tractors. It has ample torque, high power, the possibility of effective braking by recovery, and redundancy in several traction electric inspections. Significantly increases the safety and efficiency of such machines. Nikola’s business faced several problems, notably the departure of the company’s founder Trevor Milton, fraud. Nevertheless, the company promised to deliver the first cars by 2021, which positively signals investors.

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