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Nikola Motor plans to manufacture in Arizona [Seeking Alpha]

TESLA INC (TSLA)  More Company Research Source: Seeking Alpha
Last tesla inc earnings: 5/2 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
PDF Nikola Motor plans to manufacture in ArizonaNikola Motor Company announces plans to build a hydrogen-electric semi-truck manufacturing headquarters facility in Buckeye, Arizona outside of Phoenix.The 1M square foot facility is expected to bring more than $1B in capital investment to the region by 2024."We will begin transferring our R&D and headquarters to Arizona immediately and hope to have the transition completed by October 2018," says Nikola CEO Trevor Milton."We have already begun planning the construction for our new zero emission manufacturing facility in Buckeye, which we expect to have underway by the end of 2019," he adds.Nikola designs and manufactures hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems and hydrogen stations.The company is best known for its goal to develop the nation's most advanced semi-trucks. Nikola has taken in 8K preorders for the next-gen trucks and could be a rival for Tesla (TSLA-0.7%) in the future [Read more]

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