Let’s find out. NKLA went public in June 2020 through SPAC with a blank check company Vector IQ. And Nikola is the underdog many are cheering for. Hyliion is a startup maker of diesel-electric truck components. Earlier this year, NKLA announced the sale of 23.90 million shares following an exercise of warrants. Hyliion Stock Deep Dive | Hyliion vs Tesla & Nikola. And Nikola is the underdog many are cheering for. Nikola is going to be in a crowded market full of competitors. After hitting an all-time high in June, 2020 I think Tesla’s stock will get destroyed in July, 2020. Hyliion (HYLN), another alternative-fuel trucking … Tesla’s price will plummet 20-30% in July and before the Fall is my prediction. Login Its German manufacturing facility Iveco’s Ulm is currently under construction and is expected to produce 10,000 units per year from the fourth quarter of 2021. However, since solar installation projects are not related to the company’s primary operations, these are expected to be discontinued soon. Hyliion is producing better trucks with higher operating performance but lower ownership costs than Tesla and Nikola. The ticker to watch is $SHLL. Another Electric Truck Stock Emerges to Challenge Nikola. HYLN, being a relatively newer company, didn’t generate any revenue from operations in the second quarter ended June 2020. NKLA’s founder and CEO Trevor Milton stepped down in September, amid allegations of misleading investors by overstating the company’s progress. Can Teladoc Hold Off Amazon’s Entry into Virtual Health. Nikola, for instance, has a market capitalization of about $9 billion. While both make strong arguments about their clean energy power trains and trucks, no proven track record of these EVs is available, raising concerns regarding the sustainability and efficiency of these products. Investing in Hyliion (HYLN) might turn out to be the safer play if you want to own a trucking EV stock. Hyliion is taking a much different approach to Nikola. Hyliion vs. Nikola vs. Tesla Tesla is a household name in the electric vehicle industry. Thomas Healy, CEO and founder of Hyliion will continue to serve in the same position of the new holding company. Hyliion Stock Deep Dive | Hyliion vs Tesla & Nikola - YouTube. Another electric trucking company is hitting the public markets. Tesla vs. Nikola vs. Hyliion (with video) On today’s episode, Dooner and The Dude have a SONAR-powered breakdown of a soaring freight market, review the expanding electric semi landscape and talk about the PPP extension Nikola became a publicly traded entity through a merger with a SPAC, just as Hyliion is planning to do. PAE is united with people of color to enact social change and create safe communities for everyone. Hyliion vs. Nikola Stock Nikola ( NASDAQ:NKLA ) and Hyliion ( NYSE:HYLN ) are both auto/tires/trucks companies, but which is the superior investment? Hyliion hit the NYSE on Oct 2 by merging with Tortoise Acquisition Corp. Hyliion vs. Nikola vs. Tesla Tesla is a household name in the electric vehicle industry. On October 15th, HYLN partnered with American Natural Gas to offer discount pricing on renewable natural gas to its customers at American Natural Gas stations. However, players like Nikola Corp. (NKLA), Workhorse Group (WKHS), and Hyliion Holdings (HYLN) must be avoided in the near-term due to their weak fundamentals. Hyliion is working to enable their fleet customers to quickly realize lower carbon emissions and significantly lower cost of ownership benefits provided by their technology. On September 8th, NKLA entered into a strategic partnership agreement with GM for $2 billion in exchange for an 11% equity stake. Hyliion has two products, a hybrid drive system for existing diesel- powered trucks, and … But Hyliion offers something unique. Tesla vs. Nikola vs. Hyliion (with video) On today’s episode, Dooner and The Dude have a SONAR-powered breakdown of a soaring freight market, review the expanding electric semi landscape and talk about the PPP extension. The difference with Hyliion is that they offer something unique and readily available. How Hyliion’s Under-30 CEO Aims To Compete With Tesla And Nikola In The Electric-Powered Big Rig Revolution Copyright © 2021. The company has announced plans to begin on-road testing in 2022, and thereby, begin bulk production by 2023. Nikola Corporation ( NKLA - Get Rating) and Hyliion Holdings Corporation ( HYLN - Get Rating) are relatively new companies in the electric vehicle industry, and both made their stock market debuts through special-purpose acquisitions. Source Investor Presentation. Either way, there’s a big difference between today’s $2 billion market cap for Hyliion and the $24 billion market cap for Nikola, both with no current revenues but lots of potential. So this is a hybrid play. Share. Investing in SHLL is a bit like investing in SPCE, it’s a Millennial thing. NKLA shares were trading at $19.72 per share on Wednesday afternoon, down $1.67 (-7.81%). Copy link. Watch later. HYLN, on the other hand, entered into a reverse merger deal with Tortoise Acquisition Corp., generating $560 million in proceeds. It is currently ranked #22 out of 29 stocks in the Auto & Vehicle Manufacturers industry. Hyliion was founded in 2015 and offers hybrid and fully-electric powertrain solutions and the deal comes after Nikola is like a clone of a clone. Rivian and BYD are likely going to be more impactful in the future of trucking than Nikola or Hyliion. For Hyliion, which is gearing up to offer hybrid and electric heavy-truck powertrains, Nikola's deal with GM, while scaled back, does mean that Nikola … Instead, it wants to be a vendor to all major truck suppliers of the most crucial and expensive part of a truck, the Keep in mind, Nikola’s stock has in recent memory reached $79 and is still somehow cruising in the $70s. Hyliion was founded in 2015 and offers hybrid and fully-electric powertrain solutions and the deal comes after Nikola is like a clone of a clone. NKLA generated $36,000 in solar revenues in the second quarter ended in June 2020. HYLN has gained more than 97% in the past four months since the announcement of its merger with Tortoise Acquisition. Production of hydrogen-powered trucks is expected to begin by 2021, with 2,500 orders already in place. Hyliion compares its valuation to Nikola based on projected revenues, and Hyllion seems like the much cheaper company. The Hyliion reverse merger is big news in the SPAC world, only weeks after Nikola stock fell from grace. … Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on WhatsApp (Opens in new window), Click to share on Telegram (Opens in new window), Why Digital Locations $DLOC (OTC) is the Penny Stock of the Week, India’s Small Hope to Avoid Technological Colonialism, How Google Invented Technological Dystopia with Project Bernanke, How Montreal Will Have an Outbreak of a Variant that Beats Pfizer, The Most Undervalued Chinese Stock to Hold for Life, Virality of Hospitalizations During the Third Wave, Penny Stock Bear Market Is an Opportunity, Mumbai Double Mutant Variant Is Spreading in United States, A New Wave of FinTech Is Disrupting Banks, More Young People Impacted by VOC and Eek Mutation, The Pandemic Shutdown Solidified Video as Dominant Content Form, Coinbase Boom Likely Means a Bitcoin Bubble, Rise of the Audio Platforms – Why ByteDance will Win the Clubhouse Clone Wars, Medium’s Failure is a Constant Pivot to Failure (the 2021 version), Invitae as a First Mover Genetic Tester with Softbank Funds, Relief Therapeutics Could Save Our Lungs in the Third Wave, The Most Undervalued Penny Micro-Cap OTC Stock of April, How to Invest in the Next Female Led Chinese Monopoly, How to Invest in AVs in a Chip Shortage and the Future of Smart Cars, Green Tech Stock Market Wave of Spring of 2021, Prediction: Vaccines Will Be Ineffective against Double Mutant Strains by February 2022, Relief Therapeutics ZYESAMI Shows Reduction in Covid-19 Deaths, Prediction: ARK Invest Will Go Bust in 2022, ARK Invests’ Space ETF ARKX Launches Tomorrow, How India’s Covaxin Vaccine Might Save the World, Bill Hwang and the Archegos Sell-Off Explained, Pandemic Fatigue and Variants Will Cause a Spike in 30s and 40s Mortality Rates, How to Invest in the GenZ Mobile ‘YouTube of China’, China Delisting Fears Present Stock Picking Opportunity, How to Bet on the Third Wave Covid-19 Stocks, Prediction: Salesforce Will Dominate the Future of RPA, Ray Dalio Says Bitcoin Could Be Regulated, Square’s Acquisition of Tidal is Very Innovative for its Brand, The Cathie Wood Sell-Off is Scaring New Investors from the Stock Market, China is Escalating Mafia Consumerism in Global Capitalism, Why Ocugen Is the Last Covid-19 Stock to Buy, The Crypto Profiteers and the Coinbase IPO, Cathie Wood Is the Face of the Bubble Market, GNUS Is the Way Out of the Small Cap Growth Bear Market, In the Short Term VW Will Steal Market Share from Tesla, Why Microvision Is a Worse Fraud than a Meme Stock, IonQ Is the First Pure Play Quantum Computing Company to Go Public. However, the stock lost 82.2% since then, amid fraudulent acquisitions against former CEO Trevor Milton, as well as doubts over the performance of hydrogen-powered trucks. Want to invest in space-tech, invest in BlueOrigin or SpaceX when you can. Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions.Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. The consensus revenue estimate of $78.90 million for the full-year 2021 indicates a 78,800% surge year-over-year. Hyliion Hybrid Electric (current version) – $404,493 (6% savings vs. diesel) Hyliion Hypertruck ERX (next gen coming 2021) – $279,776 (35% savings vs. diesel) Tesla Semi – $438,000 (costs 1% more than diesel) Nikola – $ Tesla Vs. Nikola Vs. Hyliion (With Video) FreightWaves {{following ? PACCAR has 25,909 more employees vs. Hyliion. Join. 3UR IRUPD HTXLW\ RZQHUVKLS 6RXUFHV 9HFWR,4 6KDUHV (VWLPDWHG &DVK +HOG LQ 7UXVW (VWLPDWHG &DVK &RQWULEXWHG IURP %DODQFH 6KHHW 3URFHHGV IURP 3,3( 7RWDO 6RXUFHV 8VHV (TXLW HYLN expects to generate $344 million in revenue in 2022, over $1 billion in 2023, and $2.10 billion by 2024. Tortoise Acquisition Stock company named announced its intention to acquire start-up electric truck maker Hyliion. By the time it arrives we won’t be as crazy bullish on the EV sector. ® Hyliion is an industry leader developing technology and electrification solutions to transform the environmental impact of Class 8 vehicles Tortoise Acquisition Corp. (Tortoise AC) … We will contrast the two businesses based on the strength of their institutional ownership, risk, dividends, analyst recommendations, profitability, earnings and valuation. What is a SPAC? With enough cash in … Austin is also the right place in the U.S. to have a stock like this. But Hyliion offers something unique. Not so long ago Hyliion, which provides Class 8 trucks with hybrid diesel and fully electric drivetrain architecture, announced plans to merge with Tortoise Acquisition Corp., a publicly traded special purpose acquisition company. HYLN expects to generate $1.10 million in revenues in 2020. Electric Vehicles (EVs) are increasingly gaining popularity over fuel-run cars due to the improved automotive performance and cost-efficiencies offered by them. Becoming The Early Bird: Time is the primary factor in Hyliion's pursuit of a relationship with Tortoise, CEO Thomas Healy told Benzinga. The company is not interested in developing its own vehicles. Hyliion is expected as of Q3 2020—the ticker symbol will change from SHLL to HYLN. The move brings an additional $560 million in funding to Austin-based Hyliion, currently valued at about $1.1 billion with an IPO at $10. Enter your email address to subscribe to this blog and receive notifications of new posts by email. While Tesla is a real pioneer in EVs, it’s unlikely Nikola will be a sole leader ahead of the pack in hydrogen fuel cell trucks. Market cap for Hyliion is $2 billion vs Nikola's $24 billion Hyliion is 2 years ahead of Nikola is long-range class 8 trucks 60 comments 90% Upvoted This winner this time is likely to come out of China. This deal is expected to help NKLA cut down approximately $5 billion in costs over the next 10 years. It’s a better ESV play. A special purpose acquisition company (SPAC) is a company with no commercial operations that is formed strictly to raise capital through an initial public offering (IPO) for the purpose of acquiring an existing company.