Tesla’s rival Cybertruck conquers Nasdaq on her stock market debut

The shares of Tesla’s potential rival, Nikola Motor, saw their price double from Friday’s close to $ 73.27 on Monday, the third day of trading on Nasdaq. Like Tesla named after the famous Serbian-American inventor, Nikola debuted on the stock market on June 4 after merging with VectoIQ Acquisition Corp., an acquisition company managed by former General Motors Vice President Stephen Girsky. Although the American company founded in 2015 does not compete with Tesla in the manufacture of passenger cars, prioritizing the development of trucks and electric vans, its new Badger van could rival the Tesla Cybertruck , with a range of 100 miles ( 160 km). ) greater than Cybertruck.
Nikola stocks rose 104% on Monday after founder and CEO Trevor Milton tweeted that Nikola will open the option to reserve the Badger on June 29. The retail price will range from $ 60,000 to $ 90,000 depending on equipment.

As investors, brokers and fans flocked to hoard the company’s values, its capitalization exceeded that of two of the Detroit trio, Ford and Fiat Chrysler Automobiles, on Monday . The concept of the Badger electric van, as fast as a supercar, with great autonomy and a futuristic and attractive appearance, was presented last February.
The battery system, which includes a hydrogen fuel cell and a lithium-ion battery, allow you to travel a distance of up to 965 kilometers.

The engine of this 4×4 is planned to produce about 906 horsepower . It can tow up to 3.6 tons and reach a speed of 60 miles per hour (96 km / h) in 2.9 seconds , according to the manufacturer.Should the automaker’s plan become a reality and materialize its concept, the Badger could rival, in addition to the Tesla Cybertruck, the new electric Hummer , within a new generation of huge electric vehicles that is gradually filling up with competitors.