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Nikola hooks GM

Posted: Mon, 14 Sep 2020, 14:58
by Nagaman
A fascinating company of vapourware(?) that appears to have hooked a big fish

https://hindenburgresearch.com/nikola/

Re: Nikola hooks GM

Posted: Mon, 14 Sep 2020, 16:23
by Bryce
Or perhaps TSLAQ picking a new target? Seem to be a fair number of hoary old anti-tesla memes in the article.

Re: Nikola hooks GM

Posted: Mon, 14 Sep 2020, 17:54
by Nagaman
Bryce wrote: Mon, 14 Sep 2020, 16:23 Or perhaps TSLAQ picking a new target? Seem to be a fair number of hoary old anti-tesla memes in the article.
Sean Mitchell is pretty reputable, plus E for electric.

https://youtu.be/U4JLpLh62FQ

Re: Nikola hooks GM

Posted: Mon, 14 Sep 2020, 18:35
by coulomb
If true, I'm amazed that you can get to a $20 billion company from basically lies.

Re: Nikola hooks GM

Posted: Mon, 14 Sep 2020, 18:44
by Nagaman
coulomb wrote: Mon, 14 Sep 2020, 18:35 If true, I'm amazed that you can get to a $20 billion company from basically lies.
Auto News report Nikola is suing Hindenburg ........and they “welcome it” ?
If this is true, Barra is looking foolish.

https://youtu.be/PckjhQ9-cIc

Re: Nikola hooks GM

Posted: Mon, 14 Sep 2020, 18:52
by brendon_m
I've heard this rumour as well, I sort of had the inkling that nikola might be vapourware (but I was giving them the benefit of the doubt) right up until GM bought into them. Then I figured they must be legit. Now I don't know what to believe. Time will tell I guess

Re: Nikola hooks GM

Posted: Mon, 14 Sep 2020, 19:51
by coulomb
Not taking sides at all, but here is Nikola's rebuttal:

https://nikolamotor.com/press_releases/ ... -report-96

A short excerpt:
  • Nikola described this third-party video on the Company’s social media as “In Motion.” It was never described as “under its own propulsion” or “powertrain driven.
That seems like a long bow to draw, to me.

They didn't mention the 3.5 MW of solar panels that the founder has reportedly referred to. Those should be visible to the sun, and hence to Google Maps and to drones.

It will be interesting to see how this shakes out.

Re: Nikola hooks GM

Posted: Mon, 14 Sep 2020, 21:14
by EVdownUnder
I hope Nikola is not vapourware. Just bought some shares. :?
I couldn’t care less about their ute, but I think they are going in a better direction than Tesla with their trucks.
A very heavy long haul truck powered by batteries only is crazy (at least until a great improvement in energy density).
Hydrogen seems more logical for this. Especially for big companies where they can justify refuelling stations at both ends.
Time will tell.

Re: Nikola hooks GM

Posted: Tue, 15 Sep 2020, 04:49
by Nagaman
Solving the Money Problem/ Jim Cramer :

https://youtu.be/t6BSZCxuMeo

Re: Nikola hooks GM

Posted: Tue, 15 Sep 2020, 05:22
by Nagaman
......and a follow up:

https://youtu.be/cfirQ5TMHCw