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Tesla competitor Nikola CEO: Never been a better time to go public for zero-emission vehicle companies
Amazon of electric vehicles going public
Nikola Motor Company CEO Trevor Milton and ValueAct Chairman Jeff Ubben on going public.
Nikola Motors CEO Trevor Milton told FOX Business' Maria Bartiromo there has never been a better time to go public for zero-emission vehicle companies.
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The Arizona-based electric truckmaker announced Tuesday that it will go public in a merger with publicly traded investment company VectoIQ Acquisition.
The deal is expected to close in the second quarter of 2020, according to a filing with the Securities and Exchange Commission. The combined company will be valued at more than $3.3 billion.
"We know right now, we're the leaders is electrification for heavy-duty transport, and we want to make sure because we're first that we got the same type of value that Tesla saw on the automotive side," Milton told Bartiromo.