Looks really nice!  I’d be worried about that white steering wheel looking gross after a few months.

You have exclusive reporting that the Tesla presentation was ‘outright lies’!?  WOW! That’d be big news! Do tell!

Where did they say it was impossible?  I thought it just wasn’t economically viable for the price they’d have to charge.

I don’t see why... Low center of gravity and tons of torque with AWD would make for a very fast track car.  Also, they revealed that it does 1:30.3 on Laguna Seca, which is a hell of a time around a technical track.

That plan works right up until the DoJ shows up and arrests him for securities fraud and/or child sexual abuse...

They did it, demo’ed it, and found that nobody actually wanted it.  They have supercharging instead.

This article is like a mule with a spinning wheel:

Absolutely. I’m not claiming that everything in the report is true either and you’re absolutely right that there are legal and strategic reasons why Nikola wouldn’t respond to short-seller’s claims. But... they did respond... and those responses confirmed the claims and tried to spin them. To me, it seems like a…

Those ‘Idiot investors’ in your headline are the ones who correctly realize that Uber has zero future if they don’t have autonomous tech either first or very soon after someone else develops it. Uber’s entire business model falls apart once autonomous (or even level 4 limited autonomous) vehicles exist. If I were…

He’s not the only one. Remember, nobody in Nikola’s management or board corrected his fraudulent statements/videos for YEARS... they’re pretty complicit.

Of the 53 issues that Hindenberg detailed in their report, only ~10 have been responded to by the Nikola team, most of which Nikola admitted to what they were being accused of (e.g. rolling the truck down the hill for their ‘In Motion’ promo video). If those were their strongest 10 responses, it doesn’t bode well for…

Yeah, I think we’ll see a LOT of ‘corrections’ to the claims made by other vaporware SPACs in the EV space coming in the next few weeks.  Fisker/Lordstown/Workhorse/etc. should be very careful about what tech/IP/vehicle specs they promote as part of their sales pitch to investors.  Especially after the Nikola team…

GM’s in a weird spot right now. They got this sweetheart deal with Nikola where they paid nothing to get a guaranteed customer and $2B in stock (worth much less now), with Nikola paying GM $700m for tech/engineering/design work and a factory. On the other hand, they clearly didn’t care about completing due diligence on…

7-Down.

What investment? Nikola GAVE GM a $2B stake of their company in the form of stock, GM didn’t invest in them. The terms of the ‘deal’ were hilariously in favor of GM.

Will they be as goofy as the front fairing?

I stand corrected.  Oh, me of little faith....

Absolutely agree with you. Their (Nikola leadership’s, not Trevor’s) best plan of action is to stop talking, fire Trevor and the others who are guilty of (alleged) fraud, and try to turn Nikola into a successful company.

They won’t sue.  That’d open them up to the Discovery process and based on every indication, that’s the last thing that Nikola needs right now...

Oh my god, you’re right.  I hadn’t thought of this.