41–50 of 98 posts
A few other ding dongs, like GM, didn't do their due diligence and also fell for it.
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> Hydrogen has its place in our energy economy It certainly does not! (At least, not in any meaningful sense). A) How do you store it? Hydrogen does not compress to a liquid (except a cryogenic temperatures), meaning storage requires bulky, heavy and dangerous high pressure storage..... or cryo kit. B) Where do you get the hydrogen from? Electrolysis of water gives less hydrogen energy out than electrical energy you…
> It certainly does not! (At least, not in any meaningful sense). The problem is, there are applications that for the foreseeable future cannot be made to work on batteries - airplanes larger than bushcraft and large-scale maritime shipping (the large ocean liners carry upwards of a million gallons of fuel). Assuming we want to convert these away from fossil fuels - which we have to! - there are only two renewable al…
Pressure vessels are heavy, hydrogen is explosive, both of those are incompatible with aircraft.
Briefly more valuable than the ford motor company. SPACs were borderline criminal enterprises, though this one was outright criminal.
And yet...just watch all the people who will think because they raised $700m that they're a success to be emulated. People still fervently defend Elizabeth Holmes.
I always wondered how it kept some value for a long time after the Hindenburg Research report[1]. To me, the report (and the CEO's empty response to it) made it clear there was pretty much no value in it, but the stock only lost 50% in the following week. [1] https://hindenburgresearch.com/nikola/
I always wondered how it kept some value for a long time after the Hindenburg Research report[1]. To me, the report (and the CEO's empty response to it) made it clear there was pretty much no value in it, but the stock only lost 50% in the following week. [1] https://hindenburgresearch.com/nikola/
People also bought Fisker cars again, even knowing that the company produced defective cars before going bankrupt last time (which they did again this time).
How many people who own stocks actually give a shit about the company they invest in (for about 5 seconds)?
Hydrogen has its place in our energy economy but its got too many issues to be used to power vehicles. Batteries have won, and synthesized hydrocarbons will be the alternative for where batteries won't work (i.e., most commercial air travel). That said, it's a pity to see this failure.
> Hydrogen has its place in our energy economy It certainly does not! (At least, not in any meaningful sense). A) How do you store it? Hydrogen does not compress to a liquid (except a cryogenic temperatures), meaning storage requires bulky, heavy and dangerous high pressure storage..... or cryo kit. B) Where do you get the hydrogen from? Electrolysis of water gives less hydrogen energy out than electrical energy you…
On top of the storage problems, and the problems of the energy needed to create the hydrogen, you then have to have a massive hydrogen distribution network that's on par with the current gas distribution network. With battery EVs, it's just a matter of building chargers that connect to the existing power grid, with many (possibly most) EV owners charging at home.
As far as I'm concerned, anybody pushing for hydrogen fueled vehicles is simply falling for marketing bullshit. Producing a hydrogen-powered car would likely become cheaper than a BEV, but they'll never be better for the environment in the long run, and will never be cheaper to operate. It's always going to be cheaper to just put electricity directly into a battery rather than use it to create hydrogen, distribute it, and then pump it.
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People also bought Fisker cars again, even knowing that the company produced defective cars before going bankrupt last time (which they did again this time).
Maybe because investors assumed they could sell their shares to the next sucker. How many people who own stocks actually give a shit about the company they invest in (for about 5 seconds)?
Earlier quoted context omitted.
People also bought Fisker cars again, even knowing that the company produced defective cars before going bankrupt last time (which they did again this time).
I think its because Fisker was in bankruptcy and the cars were sold at deep discounts as part of liquidation.