Is Nikola Stock Back! Should You Buy Now!
In todays video we are looking at NKLA stock! I hope you enjoy the video and any questions let me know! There are two pieces of news today that are related to the use of hydrogen in transportation, which Nikola is counting on for its long-term success. First, in what could be potentially considered direct competition for Nikola, the Jaguar Land Rover automotive brand announced it is developing a hydrogen fuel cell electric vehicle (FCEV) based on its new Land Rover Defender sport utility vehicle. Separately, General Motors and rail transportation leader Westinghouse Air Brake Technologies (Wabtec) announced a partnership to develop and commercialize hydrogen powered locomotives using GM's HYDROTEC hydrogen fuel cell systems. In its first-quarter financial update provided in May, Nikola told investors construction of its Arizona manufacturing plant is on track, and the company reiterated that it plans to ship the first Nikola Tre battery electric vehicles (BEVs) to customers during the fourth quarter of 2021. Perhaps more critical for its long-term success, the company also said it expects to break ground on its first commercial hydrogen station this year, and to name additional hydrogen infrastructure and ecosystem partners. In today's announcement that Jaguar Land Rover, which is part of global automaker Tata Motors, intends to develop its own hydrogen FCEV prototype, the company said, "Hydrogen-powered FCEVs provide high energy density and rapid refueling, and minimal loss of range in low temperatures, making the technology ideal for larger, longer-range vehicles, or those operated in hot or cold environments." 📈MY LINKS📈 BEST STOCK MARKET COURSE: https://carterfarrschool.com/p/investingcourse BEST MERCH https://carter-farr-merch.myteespring.co/ Best Money Blog: https://www.moneywithcarter.com/ Follow me On IG: https://www.instagram.com/investingwithcarter/ 💸STOCK BROKERS💸 M1 FINANCE Get Your FREE $10: https://m1.finance/CW4wpiZWadY1 Free Robinhood Stock: https://join.robinhood.com/carterf40