Via – BBC

An electric truck company that has yet to deliver a single vehicle already has a market value higher than industry stalwart Fiat Chrysler.

Since listing on the Nasdaq last week, the US start-up Nikola has seen its share price more than double, sending its market value to $26.3bn (£20.5bn).

The gains came after the firm announced on Twitter when it would accept orders for its pick-up truck.

The dramatic surge drew comparisons to more established rival Tesla.

Tesla has also seen its market value eclipse traditional competitors, despite having much smaller sales and a long history of financial losses.

On Twitter, Nikola chief executive Trevor Milton celebrated the share price gains, echoing the social media presence of Tesla boss Elon Musk.

Mr Milton, who is now a billionaire, said he had his sights set on overtaking Ford’s best-selling F-150 pick-up truck, and promised to do his “part to be the most accessible and direct executive on Twitter”.

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