Why Nikola Shares Are Rising Today

Benzinga2022-01-13

Nikola Corp is trading higher Thursday after the company announced its Tre battery-electric vehicle has been deemed eligible for the Hybrid and Zero-Emission Truck and Bus Voucher Incentive Project program by the California Air Resources Board.

Following the approval, purchasers of the Nikola TRE operating in the state of California are able to qualify for an incentive valued at $120,000 per truck.

"Our HVIP approval is anticipated to help dramatically reduce greenhouse gas emissions and lowers the total cost of ownership for Nikola’s California-based customers," said Michael Erickson, global head of battery-electric vehicles at Nikola.

Nikola is a designer and manufacturer of battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen fueling station infrastructure.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

time to eat
2022-01-19
time to eat
Just buy
Jess261
2022-01-15
Jess261
Okay
time to eat
2022-01-15
time to eat
Just buy
HENRYCSC
2022-01-14
HENRYCSC
Good
CCLaunty
2022-01-14
CCLaunty
👍
kenlim45
2022-01-14
kenlim45
👍

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