A year before the first wave of electric pickup s hits the market the upstart truckmaker isn’t holding back on competitive trash talk.
in June and isn’t yet generating revenue, had an $86.6 million net loss for the quarter that ended June 30. It doesn’t predict meaningful sales of battery and hydrogen-powered semi-trucks for at least two years.Musk says Tesla has had a very positive response from potential buyers and booked thousands of deposits for Cybetruck, which is to be built at a new factory near Austin, Texas, though he’s aware that its severe geometry won’t appeal to everyone. In a recent
interview with Automotive Newshe conceded Cybertruck could even be “a complete failure,” in which case Tesla has a backup plan. “If it turns out nobody wants to buy a weird-looking truck, we'll build a normal truck, no problem," Musk said.For Nikola, which intends to challenge Tesla in the heavy-duty truck market, pickups are likely to be more of a sideline business, albeit a potentially lucrative one given the multimillion-unit scale of that market in the U.S. Russell said Nikola is close enough to naming its manufacturing partner for Badger that it’s now in a quiet period on that topic. An announcement is planned before the end of 2020.
Tesla CybetruckTeslaBadger, like the R1T pickup from fellow EV startup Rivian, sports looks that are modern but not vastly different than conventional full-size trucks from Ford and General Motors. Musk went in an entirely different direction with Cybertruck, going more for a futuristic military vehicle than a pickup designed for hauling work gear, boats, horse trailers or camping.
Nikola founderTrevor Miltontweeted out the Badger design after Cybertruck was unveiled last year, even offering to let Tesla use it. “Hey @elonmusk we don't build cars or trucks, but I'm happy to donate this truck design if your team wants to hit a broader market. My team designed it just in case and I'm happy to let you build it since we won't. Let me know and we can talk,” he said.
Shortly after, more than 89,000 people signed up online for more information about the model, leading Nikola to move ahead with plans to make it, Russell said. Paid reservations for the truck, ranging from $250 to $5000, opened up on June 29, though Russell declined to say how many it’s received so far. Still, the company is looking forward to competing with Tesla in that market.
“We're trying to get the whole world to zero” emissions), Russell said. “It's gonna take more than us so we give it we cheer (Musk) on, but a lot of people didn't like the look of that thing.”Nikola shares rose 6.4% to $38.84 on Tuesday.The Rivian R1T at the New York International Auto Show.Read more: Forbes »
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Elon Musk is a genius, until he opens his mouth to express his opinion!😲...🤯😳😱🤭🤫 Turn the lights off and you've got a ford ranger Watch out MikeNaraine...I wonder how much you’ll have to put down-25k? I need to get a 2nd job. But Trevor refused to answer number of bookings when asked by jimcramer
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Buy Nikola ahead of its first ever quarterly report, says Deutsche Bank Nikola will release its first quarterly earnings results on Tuesday, and Deutsche Bank says the stock is a buy ahead of the report. Pro no u Pro The next DeLorean? Pro Short this pig
Elon Musk says Tesla headquarters could still move out of California Elon Musk is sticking with his threat to move Tesla headquarters to another state. “There’s no question that our headquarters will remain in California for the short term. Long term, we’ll have to wait and see.” He's far from perfect but no one can blame him for wanting to get the hell out of a BLANK-HOLE like CA! Morally bankrupted, Obscene taxes, nasty, stuck-up people! The ONLY saving grace is the beautiful beaches! That's it! Run for Governor elonmusk !!!!!!!!!!!!!!!!!!
Nikola stock price has surged 33% in 2 days ahead of earnings - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. elonmusk It is interesting. Nikola competes with Tesla. Very funny. テスラとニコラ？ 冗談みたいな話🤭
Nikola stock falls 7% after electric-vehicle maker’s wider Q2 loss Nikola Corp. shares fall in the extended session after a wider-than-expected loss in the second quarter. nikolatrevor They make what? But....they haven't actually made any vehicles yet have they🤔🤔🤷🏽♂️🤷🏽♂️
Stocks making the biggest moves after hours: Nikola, Twilio, Novavax and moreSee which stocks are posting big moves after the bell. Down, down, and down. Lol Nikola 😂😂😂😂 what a joke Those are all sucker plays... lol
Major banks say to buy Nikola on the dip, citing confusion over the quarterly resultsNew for subscribers: Major banks say to buy Nikola on the dip, citing confusion over the quarterly results Check out CNBCPro for a free trial. Pro You mean, people are confused about how many orders they have? Because they wouldn’t disclose that Pro Translation: Banks say keep the price inflated Pro NIO is a good alternative and cheaper