Troubled electric truck maker Nikola files for bankruptcy
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Re: Troubled electric truck maker Nikola files for bankruptcy
#2Briefly more valuable than the ford motor company. SPACs were borderline criminal enterprises, though this one was outright criminal.
Re: Troubled electric truck maker Nikola files for bankruptcy
#3Hydrogen 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.
Re: Troubled electric truck maker Nikola files for bankruptcy
#4Hydrogen 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.
This company was an elaborate con, legitimately. Its failure is justice.
Re: Troubled electric truck maker Nikola files for bankruptcy
#5Remember when they rolled a car down hill because it couldn’t even drive?
Re: Troubled electric truck maker Nikola files for bankruptcy
#6I 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.
Re: Troubled electric truck maker Nikola files for bankruptcy
#7Remember when they rolled a car down hill because it couldn’t even drive?
That was a classic. They should have pivoted to comedy.
Re: Troubled electric truck maker Nikola files for bankruptcy
#8Apparently some of the software in Nikola vehicles was written in Crystal [1].
[1] https://manas.tech/blog/2020/02/11/nikola-motor-company/
Re: Troubled electric truck maker Nikola files for bankruptcy
#9Remember when they rolled a car down hill because it couldn’t even drive?
I couldn't believe people kept pumping this company like it had real promise after that came out.
Re: Troubled electric truck maker Nikola files for bankruptcy
#10Remember when they rolled a car down hill because it couldn’t even drive?
Imagine if someone had said this about Tesla. They would have been swamped if wall of text responses. At least Nikola delivered what they promised.