On August 15, EDT, Nikola, an electric truck manufacturer, announced a partnership with Republic services, a garbage carrier, to order 2500 garbage trucks. After the announcement, the company’s share price soared 22%. The order is expected to start construction in 2023 and road testing in 2022. < / P > < p > the company said the order would include 2500 electric chassis and could increase the order to 5000. The truck is expected to travel 150 miles on a single charge. The company said it was the largest order in the “waste recycling industry and Republic Services” commitment to zero emission vehicles. < / P > < p > the announcement of the commercial order is one of the three milestones Nikolay has promised investors this year, including the manufacture of all electric badger pickups and hydrogen fuel stations for semi trucks. < / P > < p > Nikola is a start-up company in Arizona, focusing on the development of hydrogen fuel cells and battery powered new energy heavy trucks. As early as November 2018, Nikola announced a challenge to Tesla semi to launch its own new energy semi truck. The company recently landed in the US stock market through spac backdoor listing. It’s just that the company hasn’t really produced a car yet, behind the beautiful story and moving promise. < / P > < p > with the rise of ESG investment, consumers are increasingly interested in more environmentally friendly products. Electric vehicle (EV) market is an emerging field in the automotive industry. The International Energy Agency predicts that 125 million electric vehicles will be used by 2030. < / P > < p > investors believe that the future of truck transportation will no longer need gasoline, just like cars. Although the market for heavy trucks is not as large as the trillion dollar auto industry, the market is still huge: in 2019, six leading heavy truck and engine companies Cummins, paccar, Volkswagen’s traton, and Navistar international are still large International, Volvo. B and Daimler – about $160 billion in truck related sales. < / P > < p > this huge potential and blue ocean of competition makes investors think of the early days of Tesla’s market. On June 28, 2010, Tesla went public for $17, and investors who had bought Tesla shares and held them at that time received an annual return of more than 50%. Nikola has experienced an astonishing 800% increase this year, with a market value of $30 billion at one time. It took Tesla more than three and a half years to reach that level after going public. < / P > < p > such a situation will not only make people ask – is Nikola going to be Tesla in the truck industry? After all, at $45 a share, it’s not too expensive for Tesla. Boris Schlossberg, managing director of foreign exchange strategy at BK asset management, called Nikola “the first really interesting Tesla competitor.”. However, CNBC commentator Jim Cramer is not satisfied with this situation. After all, there is no actual product manufactured by Nikola. What he says is “empty mouth”. He thinks: “in other words, the value here is mainly reflected in the creativity and concept. This simply can not prove the recent valuation of Nikola of $25 billion, or even the current value of $14 billion. I don’t know what people expect. They don’t have any products to sell yet! ” < / P > < p > according to Nikola, the biggest difference for their company is that they are working on hydrogen fuel cells and the entire fuel network compared to vehicles. Compared with one-off pickup sales, Nikola boasts a service that it plans to offer a seven-year, 700000 mile truck lease, including fuel and maintenance costs. In addition, Nikola plans to build its own gas station. The first gas station may be located on the route usually used by the company’s largest customers. Since this year, it has announced three models in succession, namely, the power cell and fuel cell hybrid version of Nikola one with a range of 1900 km and the fuel cell version of Nikola with a range of 1100 km Two and the pure power battery version of the Nikola tre with a range of 500 km. Although Nikola does not have any revenue from car sales, according to company CEO Trevor Milton, Nikola has received huge orders for more than 14000 vehicles, totaling more than $10 billion. < / P > < p > in addition to Nikola one, two and tre, Nikola’s next plan is to start producing its fourth product, the hybrid pickup badger, in 2022. The final data and design of the pickup have yet to be determined, and Nikola is expected to hold a formal launch this fall. With a power output of less than 455 horsepower, the range is expected to reach an astonishing 960 km, surpassing the 800 km range once sold by Tesla truck cybertruck. < / P > < p > Nikola believes that the company only needs to control the R & D link, plus the mode of outsourcing production, sales and after-sales. As for the construction of supporting infrastructure such as hydrogenation stations required by fuel cells, Nikola did not choose the self built charging pile scheme similar to Tesla. Instead, Nikola chose to cooperate with nel, a Norwegian electrolytic hydrogen production company, to build 700 hydrogenation stations in the United States. < / P > < p > on long-distance routes, a new fuel truck needs to charge a huge truck battery, which will hinder the driver’s endurance. According to the analysis of the fuel website cleantechnica, from the early analysis, Tesla truck has a huge advantage over Nikola hydrogen fuel cell truck in the basic cost of short distance transportation, but Tesla is not weak at all on the 900 mile route. < / P > < p > Tesla says that 80% of its trucks drive less than 250 miles, which makes its 500 mile range truck stand out from traditional diesel trucks without stopping to recharge. For charging stations with longer route minutes, it is just in line with the legal requirement of “drivers rest for 30 minutes every 8 hours”. During this period, they can add 400 miles per charge, and if the location of the charging station is enough to meet the demand, the driver can drive 900 miles in 30 minutes. < / P > < p > however, as fuel cell vehicle technology production continues to increase, Nikola and its partners may be able to reduce truck costs by increasing production. Similarly, if hydrogen production becomes mainstream, Nikola will be able to reduce the production cost per kilogram of hydrogen, and may even use its own solar power plant to drive production, thereby reducing the cost of hydrogen. < / P > < p > with a market valuation of US $15 billion, huge orders completed, strong partners, and no product delivery in the past year, Nikola’s “no physical performance” is a gamble for automobile investors. Whether or not its shares will be worth the price paid by investors will depend entirely on whether and how the company can carry out its promising plan. As one of the greatest inventors in the 20th century, Nikola Tesla probably didn’t expect that his surname made musk subvert the automobile industry. The remaining name is: whether Nikola will take over the innovation road of commercial trucks depends on the delivery of the final product, which can give investors a score.