Nikola promises electric semi prototypes

jhalkias

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Nikola also selling bridges in Brooklyn.
 
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MerryBrown

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"The check is in the mail"
Yeah GM is pulling back and Nikola's founder has been pushed out for his exaggerating and outright lies, so we will see...
 

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Road Show by Cnet Non-clicky version of
https://www.cnet.com/roadshow/news/...UniqueID=6936A398-032F-11EB-B7A6-ABF94744363C

Nikola promises electric semi prototypes this year as GM delays potential partnership
As Nikola deals with the fallout from fraud allegations, its first Tre prototypes should be here in the coming weeks.
Ford Mustang Mach-E Nikola promises electric semi prototypes sean-szymkowski-headshot
Sean Szymkowski

Sept. 30, 2020 8:10 a.m. PT



Ford Mustang Mach-E Nikola promises electric semi prototypes nikola-tre3

The Tre's really just an Iveco S-Way, but it packs an in-house Nikola powertrain.
Nikola

There's no doubt Nikola is playing defense. The company continues to reel from the aftermath of a detailed report from a financial forensics firm that called the electric-hydrogen truck startup an "intricate fraud." Nikola on Wednesday attempted to calm some fears as it laid out a roadmap for its near-term accomplishments. Meanwhile, General Motors, its potential partner, has reportedly pushed back a date to officially create a tie-up between the two.
Among the upcoming plans, Nikola promised it will finish the first Tre battery-electric semi prototypes in the coming weeks sometime in the fourth quarter of this year. That shouldn't be too much of a hassle since the Tre is essentially a rebadged Iveco S-Way with the startup's own battery-electric powertrain underneath. This month's bombshell report accused the firm of lacking any sort of proprietary technology, but with the Tre, Nikola could show it does in fact have something of worth. Iveco's parent company, CNH Industrial, poured a massive investment into Nikola in 2019 and the two plan to work together to tackle the European semi market.
We don't know what the prototypes will pack, but Nikola promised a 720 kilowatt-hour battery pack, 644 horsepower and 1,327 pound-feet of torque. This is supposed to be an in-house powertrain, but you'll excuse us if we remain skeptical. Part of the deal with GM is for the legacy automaker to supply its Ultium battery technology and fuel-cell systems, which has always sounded odd if Nikola was far along on its own powertrain. The Tre is supposed to enter production next year, according to the timeline.
Back to GM, the automaker has skipped a tentative closing date for its contract with Nikola. The deal was supposed to close on Wednesday, but the Detroit Free Press reported Tuesday that GM has pushed the contract signing back as it likely renegotiates the deal's terms.
"Our transaction with Nikola has not closed," the automaker told Roadshow in a statement. "We are in discussions with current Nikola management and will provide further updates when appropriate or required."
Following the departure of Nikola's former Executive Chairman Trevor Milton, two women have since come forward alleging Milton sexually assaulted them when they were teenagers. "In light of recent allegations regarding the personal behavior of [Milton], we want to emphasize that GM strongly condemns sexual harassment and abuse of any kind," GM said.
The deal never seemed to provide GM much of anything, but following fraud allegations and Milton stepping down and vanishing from social media, it feels like GM has a lot more to lose if things continue to go south. While Nikola receives hardware for its promised lineup of semi trucks and its promised Badger pickup, GM was to get Nikola stock worth $2 billion. In the past month Nikola stock fell nearly 55%, though shares rose nearly 5% in premarket trading on Wednesday.
 


jhalkias

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Wow. Keeps getting worse. The guy is not only accused of being a liar, but now is being accused of being a sexual predator too. Every video I watched of him pitching Nikola made me feel he was a bit creepy.
 

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From today's Washington Post at https://www.washingtonpost.com/busi...25b738-0267-11eb-a2db-417cddf4816a_story.html

Nikola founder faces 2nd assault accusation
Nikola founder Trevor Milton has been accused by a second woman of sexual assault.
The woman used to be Milton’s work assistant and was 15 years old at the time of the alleged attack, which she says occurred in Utah, according to a statement from the law firm representing both women.

A spokesperson for Milton said he “strongly denies these false allegations.”
Milton stepped down as executive chairman at the electric-truck maker after claims of deception leveled by short seller Hindenburg Research sent Nikola’s stock spiraling. He has also been accused by his cousin Aubrey Smith of sexual assault in 1999 when she was 15 and he was 17, which he has also denied.

— Bloomberg News
 

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From today's Washington Post at https://www.washingtonpost.com/busi...25b738-0267-11eb-a2db-417cddf4816a_story.html

Nikola founder faces 2nd assault accusation
Nikola founder Trevor Milton has been accused by a second woman of sexual assault.
The woman used to be Milton’s work assistant and was 15 years old at the time of the alleged attack, which she says occurred in Utah, according to a statement from the law firm representing both women.

A spokesperson for Milton said he “strongly denies these false allegations.”
Milton stepped down as executive chairman at the electric-truck maker after claims of deception leveled by short seller Hindenburg Research sent Nikola’s stock spiraling. He has also been accused by his cousin Aubrey Smith of sexual assault in 1999 when she was 15 and he was 17, which he has also denied.

— Bloomberg News
Sounds like he has a future career in politics.
 

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Ah yes, the tre... Because Elon had to go with 3 because the big meanie Ford has to take his E...

I'm more interested in their other products, not sure we are ready for a full electric semi.
 

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Ford Mustang Mach-E Nikola promises electric semi prototypes Untitled

The Tre's really just an Iveco S-Way, but it packs an in-house Nikola powertrain.
Nikola
That is a very interesting sentence. Isn't part of the fuss that Nikola has been exposed as advertising their tech as being in-house when really it is 3rd party suppliers with existing tech?
 

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That is a very interesting sentence. Isn't part of the fuss that Nikola has been exposed as advertising their tech as being in-house when really it is 3rd party suppliers with existing tech?
Nikola trucks are gravity-powered.
 
 




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