All discussion of Nikola Motors

[JohnSnowNW]

A bunch upthread I posted a link to this video where we get to see a truck running on its own power. So whatever didn't work back in the day, they do have at least one truck that runs as of a couple weeks ago:

(start at 32 minutes in)

Well, it was 2.5 years between the truck rolling down hill and that ride along.

 

[pz1975]

It's not sarcasm. The reported deal is Nikola gives GM stock equivalent to 11% of the company; GM bills Nikola on a cost plus basis but payment for the first $2 billion of bills is waived; GM gets a seat on Nikola's board.

I'd love to be a fly on the wall during the first Nikola board meeting when a GM representative is present.

 

[smorgasbord]

sure, but that isn't material to the issue at hand. To wit: Nikola made a fraudulent advertisement, rolling a truck downhill and filming it so as to give the impression that it was under its own motive force and using that sell stock.

Here in Silicon Valley we call it "Fake it until you make it."

One might say worse about Elon's unveiling of the Solar City Solar Roof Tiles, which was reported to be fake tiles on a movie set, and used that to convince investors to approve the merger deal.

And in response to a previous poster, it took years for the tiles to become available.

 

[humbaba]

Here in Silicon Valley we call it "Fake it until you make it."

One might say worse about Elon's unveiling of the Solar City Solar Roof Tiles, which was reported to be fake tiles on a movie set, and used that to convince investors to approve the merger deal.

And in response to a previous poster, it took years for the tiles to become available.

If you want to make hay about solar city and the tiles, have at it. But whataboutism doesn't change the facts where Nikola is concerned.

 

[smorgasbord]

If you want to make hay about solar city and the tiles, have at it. But whataboutism doesn't change the facts where Nikola is concerned.

You're missing my point, which is that bad as it is, faking a commerical which doesn't actually state the vehicle is moving under its own power doesn't mean Nikola is a total fraud or that the company will fail.

That said, the preponderance of the evidence is damning, and for me Trevor's future present tense usage is disqualifying. But, if we're talking company failure, the issues have to be large and advertising doesn't qualify.

 

[Stretch2727]

Here in Silicon Valley we call it "Fake it until you make it."

One might say worse about Elon's unveiling of the Solar City Solar Roof Tiles, which was reported to be fake tiles on a movie set, and used that to convince investors to approve the merger deal.

And in response to a previous poster, it took years for the tiles to become available.

yeah, but somehow it was made clear the roof tiles on the houses were non-functional at the unveiling. Maybe the reporting after and no one at Tesla tried to claim they were functional.

 

[HVM]

A bunch upthread I posted a link to this video where we get to see a truck running on its own power. So whatever didn't work back in the day, they do have at least one truck that runs as of a couple weeks ago:
...Snip vid

Those are Bosch build prototypes of Nikola Two (very loud ones for electric vehicle), costing more than "a business jet" to build according to Trevor. No one doubt that Bosch can build moving electric trucks (or even fuel-cell ones), but is there any Nikola IP on them, or can Nikola (Bosch) build them economically?

 

[Cosmacelf]

Those are Bosch build prototypes of Nikola Two (very loud ones for electric vehicle), costing more than "a business jet" to build according to Trevor. No one doubt that Bosch can build moving electric trucks (or even fuel-cell ones), but is there any Nikola IP on them, or can Nikola (Bosch) build them economically?

Or, paraphrasing Elon, anyone can make an EV truck prototype costing $1M. The question is can you make it cheaply at high volume?

 

[AudubonB]

I'd love to be a fly on the wall during the first Nikola board meeting when a GM representative is present.

Not sure you really want that as when some stuff hits the fan you might get splattered.

 

[smorgasbord]

Here's a long video of Trevor showing the Nikola Two Powertrain. You can watch the whole thing for laughs, but two highlights for me:

at 24:53 he talks about batteries, claiming that while today Nikola is buying cells they are developing their own cell technology which they will license to everyone. I guess he's shutting all that down now with GM's Ultium, right? LOL.

at 29:50 he claims all controllers - including the inverters - are all on Nikola designed "Chip Architectures", which he clarifies to mean board architecture and same boot loader. Which means OTA updating is seconds instead of hours. LOL.

"We also designed all the software on this vehicle in house at Nikola. All the controls all the infotainment, everything on this vehicle - pretty much - was done by Nikola."

On Autopilot: "Tons of people have died from it. I don't want to do it."

"Nothing will make you happy, bro. Go clean a beach."


EDIT: OK at the very end he claims about the Inveco Battery Electric trucks: "We've already built these. Fully done. Coming down the assembly line right now in Ulm Germany."


EDIT 2: But remember, fraudulent as these claims are, it doesn't mean Nikola will fail. Whether the Inveco trucks are completely in July as he claims or will be complete in October isn't that material to the company's success.

 

[Mike Smith]

Trevor just confirmed that the SEC is investigating the report, and that Nikola is already providing documents.

 

[dl003]

Trevor just confirmed that the SEC is investigating the report, and that Nikola is already providing documents.

Maybe he can get the SEC to investigate TSLA manipulators too. This guy knows everybody doesn't he?

 

[AudubonB]

Clean out your potty mouth, Milton.

Also: "They're all lies. Trust me." That is a sublime statement. Anyone invested in the stock must be breathing a sigh of relief.

 

[ZsoZso]

Clean out your potty mouth, Milton.

Also: "They're all lies. Trust me." That is a sublime statement. Anyone invested in the stock must be breathing a sigh of relief.

Even better after saying "They're all lies." he follows up saying "99% of them are all lies", that's just funny.

 

[Mike Smith]

Clean out your potty mouth, Milton.

Also: "They're all lies. Trust me." That is a sublime statement. Anyone invested in the stock must be breathing a sigh of relief.

Don't worry everything's fine. Trevor requested the SEC investigation, and the investigation is of Hindenburg. /s

 

[MP3Mike]

Even better after saying "They're all lies." he follows up saying "99% of them are all lies", that's just funny.

Are we sure he wasn't talking about his own statements?

Trevor requested the SEC investigation, and the investigation is of Hindenburg.

Yeah, there is no way that could back-fire.

 

[Causalien]

I am just amazed that what is so clear to see for me isn't the case for the majority of ppl.

I want to see this to the end ao I can k ow 100% sure if I can place more weight on my judgement of ppl's intentions.

 

[Sanny]

I am just amazed that what is so clear to see for me isn't the case for the majority of ppl.

I want to see this to the end ao I can k ow 100% sure if I can place more weight on my judgement of ppl's intentions.

This. I personally most of all want some sencible action from GM, or I will not be able to trust my judgement.

 

[JRP3]

Although their share price deserves to be cut, we shouldn't celebrate for any new IPO companies cratering because we know the ones who got screwed holding the bags are retail investors. The whales never lose.

The sooner the frauds are exposed and the stock craters the fewer people will be hurt in the long run. Your thinking is backwards on this.

 

[JRP3]

No one doubt that Bosch can build moving electric trucks

I can build a moving electric truck, especially if it only needs to drive around a parking lot. It speaks volumes that the techs at Nikola couldn't even cobble something together that could drive onto the stage for the reveal.