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Nikola - The Tesla of Trucks
$2.3 Billion in Pre-Sales in First Month
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Marina del Rey, CA - June 16, 2016 -
SWI today has taken the unusual step of initiating coverage on a company that is NOT publicly traded (yet). This is the first time that we have done this, but we believe that it is worthwhile following Nikola very closely, all the way to that inevitable IPO. Nikola is an innovative and creative company, making an entry into a industry sector that is wide open and ripe for the taking. The Company has already generated $2.3 Billion in pre-sales in its first month, totaling more than 7,000 truck reservations with deposits, with five months remaining until its unveiling ceremony.
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As per Nokia, the company's technology is 10-15 years ahead of any other OEM in fuel efficiency, MPG and emissions. Nokia is the only OEM to have a near zero emission truck and still outperform diesel trucks running at 80,000 pounds.
We like the company's inspired approach to branding by using the first name of "Nikola Tesla" as their company name, hinting to the market potential as demonstrated by Tesla. SWI started covering Tesla nearly 2.5 years ago and if you had invested with us at that time, you would have generated a return of nearly two hundred and fifty percent (250%) as of today.
We will continue to follow Nikola very closely
Stay with us on this one
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Rainer Poertner - Chief Analyst
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