Kit Rees

Business, Technology, Fuel

Nikola Gets First Sell Rating

Nikola One electric truck The Nikola One prototype. (Nikola Corp.)

Nikola Corp. got its first sell-equivalent rating, with the electric-vehicle startup downgraded to underperform from neutral at Wedbush, citing the loss of a driving force in founder Trevor Milton’s departure, and the threat posed to hydrogen fuel’s appeal by Tesla Inc.’s “eye-popping battery innovations.”

Kit Rees | Bloomberg News
September 24, 2020