Remember Nikola's Answer To Tesla's Cybertruck? The Infamous Badger EV Pickup Is Making A Most Unexpected Comeback
Portfolio Pulse from Benzinga Neuro
Nikola Corp's (NASDAQ:NKLA) Badger electric pickup, previously discontinued, is making a comeback through an acquisition by David Sparks, who has ties to Nikola's former CEO Trevor Milton. Sparks, a YouTuber and co-star of Diesel Brothers, has acquired the Badger's vehicle program and intellectual property, planning to reintroduce the vehicles to the market with Nikola as a minority partner. This development follows a tumultuous period for Nikola, involving scandals and a significant valuation drop, raising questions about the future of the Badger and its impact on Nikola.

February 21, 2024 | 10:53 am
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Nikola Corp's Badger electric pickup is set for a comeback, led by David Sparks, with Nikola as a minority partner. This move could potentially reignite interest in Nikola, despite its controversial past and recent stock performance challenges.
The reintroduction of the Badger, a project previously associated with significant hype and subsequent controversy for Nikola, could attract renewed interest and investment in the company. However, the association with the company's controversial past and the involvement of figures like David Sparks and Trevor Milton could also pose reputational risks. The short-term stock price movement, with a recent uptick in premarket trading, suggests a cautiously optimistic market response, but investor sentiment will likely remain volatile based on the project's progress and broader company performance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100