Re:Nikola Denies 'Fraud' Allegations, Threatens Legal Action...
by jboog on Sunday September 13, 2020 @11:49AM
(#24461576)
The thing with Tesla is that they actually had their own tech IP and a killer product.
Nikola lied about its trucks, and now plans to outsource all of its production to other CV manufacturers, or at the very best buy parts off the market and "integrate" them in house.
Since they don't have the killer tech or top engineers what's stopping the next charismatic founder from selling the same exact thing Nikola has (dreams and a couple wrenches and bolts) and eating their lunch?
They have no working trucks or plans to begin production any time soon. And for a while their market cap was larger than Ford and GM.
Not saying they can't be successful, but Tesla they are not.
Re:Nikola Denies 'Fraud' Allegations, Threatens Legal Action...
by marvin on Sunday September 13, 2020 @03:42PM
(#24463363)
I wasn't explicit about this, but I fully agree that Nikola
is most likely smoke and mirrors. I was making a point about loud/activist short selling in general.
Nikola lied about its trucks, and now plans to outsource all of its production to other CV manufacturers, or at the very best buy parts off the market and "integrate" them in house.
Since they don't have the killer tech or top engineers what's stopping the next charismatic founder from selling the same exact thing Nikola has (dreams and a couple wrenches and bolts) and eating their lunch?
They have no working trucks or plans to begin production any time soon. And for a while their market cap was larger than Ford and GM.
Not saying they can't be successful, but Tesla they are not.