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Nikola becomes Arizona’s newest public company, one of state’s most valuable

Posted by   /  June 5, 2020  /  No Comments

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By Russ Wiles | The Republic

With more than $700 million in additional funding and with its shares now trading in the stock market, it’s time for Arizona’s newest public corporation to bring home the bacon.

Or better yet, drive it home.

“Now it’s about executing our business model,” said Trevor Milton, the founder and executive chairman of Nikola Corp., a maker of zero-emissions heavy trucks powered by electric batteries and hydrogen fuel cells.

Now that the shares are publicly trading following a reverse merger with VectoIQ Acquisition Corp., Nikola’s attention turns to other priorities. Milton cited breaking ground on a new truck-manufacturing factory in Coolidge, beginning production of trucks in Germany with European partner Iveco and building the first hydrogen-fueling stations around the country to support those big rigs.

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