Nikola (NKLA) Sells $5,000 Reservations for Truck with No Prototype - Bloomberg

June 29, 2020 6:50 AM EDT
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Nikola (NASDAQ: NKLA) is asking customers to put down as much as $5,000 now to reserve the right to in a few years to buy a battery-powered truck, before seeing a prototype or manufacturing plan, according to Bloomberg.

The reservations for the Nikola Badger, which are refundable, take a page from Tesla (NASDAQ: TSLA), but they require would-be buyers to take an even bigger leap of faith, the report noted.

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