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Nikola Turning into Tesla... One Day at a Time

Truckers Go Electric

Written by Keith Kohl
Posted June 22, 2016

There's no question that Tesla is becoming more famous by the day...

Tesla's Model S has become a staple, must-own car among the wealthy, and even the used ones are selling for as much as $90,000 a pop. Even the Model 3 has booked more than 300,000 pre-orders within a week of its debut.

diesel trucks 1

But another motor company is hitting its own records: Nikola Motor Company. Along with taking their name from the same inventor, Nikola Motor Company has taken in nearly $2.3 billion in pre-orders for its electric, Class 8 semi-truck, aptly nicknamed the Nikola One.

In addition to having near-zero emissions, the Nikola One is also able to outperform your typical diesel truck. Now, it’s not completely electric, but a gas-electric hybrid that can run at half the cost of current diesel trucks is impressive nonetheless.

Operating an electric truck — at half the cost — could potentially revolutionize the trucking industry.

For now, we'll have to wait and see if that truly happens, but if it does, you can bet Nikola's own name will rival Tesla in the future.

To continue reading more about Nikola and their electric trucks, click here.

Until next time,

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Keith Kohl

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A true insider in the energy markets, Keith is one of few financial reporters to have visited the Alberta oil sands. His research has helped thousands of investors capitalize from the rapidly changing face of energy. Keith connects with hundreds of thousands of readers as the Managing Editor of Energy & Capital as well as Investment Director of Angel Publishing's Energy Investor. For years, Keith has been providing in-depth coverage of the Bakken, the Haynesville Shale, and the Marcellus natural gas formations — all ahead of the mainstream media. For more on Keith, go to his editor's page.

 

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