Elio Motors Inc. (ELIO)

[threewheeler]

For $5,000 fee, customers can secure their own powerhouse truck that will eventually be competing against Tesla’s much-hyped Cybertruck.

The news caused Nikola share values to climb seven percent, Business Insider reports. The automaker, which has yet to make a single dollar in revenue, saw a massive surge in its valuation, climbing above $20 billion upon going public earlier this year — even surpassing the market values of established automakers Chrysler and Ford.