After announcing last month it is building a 2,000 horsepower, hybrid semitrailer, the Nikola Motor Co. revealed this week it has more than 7,000 paid reservations that would translate into $2.3 billion in truck sales when it ships.

Nikola Motor founder and CEO Trevor Milton also announced that the electric class 8 semi-truck, dubbed “Nikola One” will be unveiled Dec. 2 in Salt Lake City. The truck will retail for $375,000, which is nearly double the price for a standard diesel semi-trailer. The company said it will offer a leasing plan that will run from $4,000 to $5,000 per month, depending on the configuration and options a customer chooses.

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