owing to his stake of more than 40% in Nikola. Milton said there’s no dilution as a result of the merger.
Electric trucks have been a dynamic space in recent years, ranging from Musk’s plans for a Tesla Semi and Cybertruck pickup; Rivian’s plans for electric pickups, SUVs and delivery vans for Amazon; U.K. startup Arrival’s low-cost delivery trucks for UPS; and battery-busmakerSimilar to Nikola’s production partnership with Iveco, which will build its electric trucks for the European market, Milton says the Badger pickup will be produced for it by an automaker he declined to identify.
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