This article will focus on Nikola’s proposed hydrogen fuel cell electric (FCEV) business model, as this is where the headline Anheuser-Busch (BUD) order is directed, and appears to be a significant driver for the proposed reverse merger and public offering. Company references are based on the Prospectus & Investor Presentation dated March 2, 2020, along with the Proxy Statement dated May 8, 2020.
Truck Lease Economics
Nikola assumes the materials to construct an FCEV Class 8 truck with up to 700 miles of range can be had for $173,624.
As for range, 700