Check Out Nikola s Progress At Factory After 6 Months Of Construction ++ Let s take a look at the site as of January 29, 2021.
Nikola continues work on its first production facility in Coolidge, Arizona. The progress, compared to late December, is significant, including the first steel structure.
However, as we can see on the videos from
Oneshot Creative, the scale is quite limited. Especially taking into consideration that more than six months passed since the official groundbreaking on July 23, 2020.
Nikola Semi Factory Construction Site Update Part 1 - January 29, 2021 (source: Oneshot Creative)
We are really not sure whether the heavy-duty hydrogen fuel cell business will take off, as most of what we have seen so far are announcements. The FCV car market has hit rock bottom and it might be the same with trucks and buses.
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GM Stock Factors
This week, GM stock value continued its impressive upward momentum after last week’s 16-percent increase, hitting a high of $56.97 on Thursday, a record for the “new GM,” before backtracking on Friday to close out at $55.40 per share.
Much of the upward momentum is attributed to the automaker’s latest all-electric vehicle efforts, debuts, and strategy, which includes an in-depth presentation released during the Consumer Electronics Show (CES) tech conference. Highlights from the presentation include the launch of BrightDrop, a new business venture aimed at providing last-mile electric delivery solutions, software, and services to delivery and logistics companies.
$40.14
By comparison, shares of GM’s cross-town rival, Ford Motor Company, increased $0.21 per share, or 2.38 percent, during the same timeframe.
GM Stock Factors
This was the first week GM stock value increased following two consecutive weeks of stable GM stock values. Here are some of the potential items that could be impacting current values.
Late in the week, General Motors unveiled a new corporate logo that includes lowercase script and a square border with rounded edges. The modernized logo was designed to recognize the automaker’s renewed focus on electric vehicles, as well as its vision for zero crashes, zero emissions, and zero congestion.
Nikola adds crisis-tested directors to regain credibility 2,089 3 minutes read Nikola Corp. Chairman Steve Girsky has recruited three crisis-tested directors to help the electric truck startup regain credibility after a series of setbacks. (Photos: Nikola
A series of embarrassing setbacks, including allegations of fraud and deception by its founder, brought electric truck startup Nikola Corp. (NASDAQ: NKLA) crashing to Earth following a stratospheric beginning as a public company.
With Trevor Milton, the high-profile ringmaster of company hype out of the picture, Nikola since Oct. 1 has added three crisis-hardened directors with deep business, management and manufacturing expertise.
“The goal was to bring resources to the board that management can call on when needed,” Chairman Steve Girsky told FreightWaves on Tuesday. “We’ve been able to attract high-quality board members that will help us rebuild credibility with investors.”