I don’t think GM’s credits are ‘reset’ in any case, but Nikola would in theory have their own separate opportunity for credits (so, Nikola vehicles would need to be sold to get them) as long as it’s a separate company. In theory they could just give those credits to GM for free if they actually sell vehicles.…

Nikola is much more of a liability than an asset at this point. They’re rapidly running out of cash, seem to have stopped work on their factory, are under SEC investigation, DoJ investigation, 3 separate class-action lawsuits from defrauded investors, apparently have no viable IP, are seemingly going to lose their…

Yeah, Sure, but look how good the panel gaps are!

Yup, plus they’re only claiming “520+ miles” for now to get a one-up on Lucid’s 517mile claim. My guess is they’re sandbagging based on the new battery performance they discussed and it’ll be quite a bit more than 520 miles when it’s actually released.

Yeah, they’d be aiming for the Mazda 3 and CX-3 rather than the miata, most likely. 

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…

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?