All discussion of Nikola Motors

[Stretch2727]

As I have said many times the most fair way to design these credits, are not the current credit cap per company, but keep a common pool of 2 million credits open for all, first come first served.

Could not agree more. OEM's would have an incentive to get to volume sooner and think where Tesla would be if the tax credit has not stopped almost 2 years ago.

 

[brianhn1]

Now NKLA's CEO is a vanilla exec whose name even I can't remember

Mark Russell, Former President and COO of Worthington Ind.

How come Worthington Ind. keeps coming up? Picks up dHybrid from TM, WI Ventures as early investor into NKLA, and Mark Russell? Clearly its Worthington personnel along with TM trying to rob NKLA and run like bandits.

 

[ZsoZso]

Mark Russell, Former President and COO of Worthington Ind.

How come Worthington Ind. keeps coming up? Picks up dHybrid from TM, WI Ventures as early investor into NKLA, and Mark Russell? Clearly its Worthington personnel along with TM trying to rob NKLA and run like bandits.

Worthington gave Trevor $2 million seed investment to setup Nikola, and they were the only ones who were allowed to sell shares earlier than the December deadline after IPO and they already sold what they were allowed making $488 million profit out of that $2 million investment:

 

[bkp_duke]

Worthington gave Trevor $2 million seed investment to setup Nikola, and they were the only ones who were allowed to sell shares earlier than the December deadline after IPO and they already sold what they were allowed making $488 million profit out of that $2 million investment:

They made out like bandits.

 

[HVM]

Nikola's new plan misses Nikola One, and the f*ing Badger! LOL,
and numbers don't make sense:

GM deal is bust (?), if we believe Nikola Corp's own plan...

 

[AudubonB]

I’ve so far watched only the first 60 seconds of that, so perhaps am missing something vital, but I wanted to step in to say this Step Plan being discussed is their Commercial Truck plan - so the touted bombshell that the Badger no longer is to exist......is not supported by the lack of evidence.

Perhaps the commentator redeems himself further in the video.

 

[HVM]

Here it is: https://nikolamotor.com/press_releases/nikola-executing-strategy-and-vision-to-deliver-innovative-technology-energy-and-transportation-solutions-98

Do you see Badger there?

 

[kbM3]

Tom Nash marking up Nikola’s press release (starting at the 9:30 mark) is the funniest video you will watch today.

 

[AudubonB]

Here it is: https://nikolamotor.com/press_releases/nikola-executing-strategy-and-vision-to-deliver-innovative-technology-energy-and-transportation-solutions-98
No - that's a good link. The crux of that press release is this:

We operate in three business units: Truck, Energy and Powersports.

1. Truck Business Unit: Developing and commercializing BEV and FCEV Class 8 trucks that provide environmentally friendly, cost-effective solutions to the short-haul, medium-haul and long-haul trucking sectors.
2. Energy Business Unit: Developing and constructing a network of hydrogen fueling stations to meet hydrogen fuel demand for our FCEV and other customers, including potential charging solutions for BEV customers.
3. Powersports Business Unit: Developing electric vehicle solutions for outdoor recreational applications.

And...correct: there is nothing referring to a passenger light truck.

 

[Dwdnjck]

If your stock is “locked up”, can you sell options?

 

[JohnSnowNW]

Interesting.

 

[smorgasbord]

Just saw this article today, and the picture made me reminiscence about what Trevor Milton might have announced with a "this is done - done" given a rendering of this quality:

I hear his future present tense description now....

 

[JRP3]

Nikola talking about going forward without GM. I guess they can see where things are headed.

Nikola Shares Plunge After CEO Says Startup Can Go It Alone

Talks between the two companies are ongoing, but if a tentative technology-sharing and manufacturing deal announced last month falls apart, Nikola will revert to a “base plan” without GM’s help, CEO Mark Russell said in an interview Thursday.

“We have the ability and we have a base plan of doing it ourselves. If we have a partner, that just enables us to consider going faster and helps reduce the risk,” he said. “We’ve proven that over the years that we are a partnership company when those things are available to us.”

GM spokesman Jim Cain declined to comment.

 

[H Mak]

Price down 15%. Not before time

 

[pz1975]

Price down 15%. Not before time

Still too high - if it drops 75% from here it will be close to fairly valued.

 

[H Mak]

Still too high - if it drops 75% from here it will be close to fairly valued.

Sounds about right! I can't imagine anyone in their right mind wanting to be invested in this company

 

[smorgasbord]

“The Badger is part of our discussions with GM. And we’ve been clear all along that we wouldn’t build a Badger without an OEM partner,” he [CEO Mark Russell] said.

So, Badger dead without GM. Will they refund deposits?

 

[MP3Mike]

“The Badger is part of our discussions with GM. And we’ve been clear all along that we wouldn’t build a Badger without an OEM partner,” he [CEO Mark Russell] said.

So, Badger dead without GM. Will they refund deposits?

They'll just partner with the next OEM on their list. They had lots that were interested.

 

[smorgasbord]

Love this from Steven Mark Ryan: https://twitter.com/stevenmarkryan/status/1316756839384711168

"Trevor said he'd out-Elon Elon. Instead he out-Elizabethed Elizabeth. "

 

[Mike Smith]

Still barely anything happening at the Coolidge factory site.

Not much happening at HQ either. At least they don't have Fremont's parking problem.