Nikola To Raffle Off Badger Pickup Truck: Here’s How To Win The $60,000 Truck

Tesla rival Nikola (NKLA) is gearing up to give away one of its electric and fuel cell-powered Badger pickup trucks to one lucky winner.

The news of the giveaway was posted by Trevor Milton, founder and executive chairman at Nikola on Twitter. Through the promotion, Nikola will raffle off the Badger Executive Series truck, which is taking reservations, starting on June 29.

Milton said reservations for the Badger will “most likely be sold out,” so interested buyers should be sure to reserve theirs as soon as reservations open. The Badger Executive Series is valued at $60,000 to $90,000, depending on options, Nikola said.

The drawing for the Badger comes with three package options that will provide money off a purchase of the pickup truck as well as multiple entries to win the vehicle and tickets to what Milton calls Nikola World 2020 or the launch of the truck.

Nikola, which announced the Badger pickup truck was coming last week, saw its share price pop just shortly after going public. However, the automaker has been criticized by some analysts in some reports, who are skeptical of the company, which has not produced a vehicle to date.

Nikola does have backing from CNH Industrial and has entered into a partnership with VectoIQ Acquisition Corp. But the company is reportedly looking for an OEM to produce the electric- and fuel-cell- powered truck.

The company has released details about the Badger EV, saying that it will have 906 peak horsepower, 455 continuous horsepower, and produce 980 pounds-per-feet of torque. The truck is expected to hit 60 mph in 2.9 seconds and have a 600-mile driving range with 300 miles on battery and 300 miles on its fuel cell system. Towing capacity is 8,000 pounds.

The Badger is expected to compete with several other EV OEMs trucks, including Tesla’s Cybertruck, Ford’s electrified F-150, GM’s GMC Hummer EV, and Rivian’s R1T.

Shares of Nikola stock were up 6.45% as of market close on Monday.