I believe there are levels of incompetence at which it is deceptive to even call yourself an analyst. JP Morgan has achieved this level. If JP Morgan is competent and is recommending Nikola as a buy, somebody ought to go to jail. I'm not saying they will. I'm just saying, if there was any justice, they would.
At least OJ' s Bronco actually started and ran. They could be looking at the future of Nikola now that Milton is out of the picture. The company is now operated by former GM executives, partnered with GM, and will build using GM parts. GM gets a 2nd bite at the apple after the Volt didn't work out. It could be all uphill from here. Or go on TV with "buy Bear Stearns".
Eventually, Nikola will be a GM brand. Two things will happen. Either GM will try to sell the brand, like GM tried to do with Hummer. Or the brand is retired, like Pontiac.
Oh yeah... the old "all EVs are the same, it's just four wheels, a battery, and a motor" argument. I forgot that some people still think it's an adequate position. I consider the Volt to be a pretty interesting car. Many people declared the series hybrid to be the way of the future. Of course, those folks turned out to not be as smart as they claimed to be. The issue with the series hybrid is it has too much of either battery or engine. Having an ICE engine is a lot of weight to lug around for something that is rarely used. As an ICE car, it has a heavy battery/inverter/motor to lug around. GM did a good job on the Volt design. It just wasn't a good idea. The Bolt is a much better EV and a better car for many purposes. Of course, it's the same price as the base Model 3, it's not in the same league, and it is pretty much limited to city driving. The bolt can be fast charged to about 3/4 charge in an hour. The Model 3 can hit 80% in under 20 minutes. Base Model 3s shipping now (with octovalve heat pump) will be able to charge to 80% in about 12 minutes at any one of about 20K superchargers around the globe (the vast majority in the US). Even if there was a fast DC charging network everywhere you want to go with the Bolt, how would you like to go on a trip and have to stop for an hour after 3 hours of driving? From there, you would have to stop for an hour about every two hours of driving. Be my guest. With a Tesla Model 3 LR, you can drive pretty much wherever you want in the US and even into Canada or Mexico, having to stop for 20 minutes every 4 hours of driving. That sounds a lot more reasonable to me. In fact, that service duty would fit within the driving cadence of my wife and I without the least inconvenience, with it being more convenient in town since I would never have to take the time to stop for fuel. Toyota didn't rise to dominance with the sale's pitch, "It's almost as good as other cars at it's price point, although it can't go very far from home but you don't need to do that."
Back to reality... Trevor Milton claimed to have 14000 reservations for the fuel cell version of the Nikola One. Given that Trevor Milton said it, the actual number could be between 0 and 500. Of the reservations they do have, I wonder how many of those will now knock on Tesla's door for a truck? Many of them, I suspect. Some will undoubtedly go to Freightliner. For city circuits, the Freightliner might be a good option.
Nikola's talks with energy firms stalled after short-seller report: WSJ Link: https://in.reuters.com/article/us-n...d-after-short-seller-report-wsj-idUSKCN26E2KN Still holding my JAN 21 2022 $2.50P.
This is interesting. Former GM VP at the helm, after a $2B investment from GM.. was this part of the deal behind closed doors? Still not sure GM is getting anything from this except a "hip" brand that they feel was worth $2B.
If gm backs out, nikola becomes an instant crater. Nikola surely knows this and will cater to gm in any way possible. I suspect gm will back out, they just haven't made that decision, yet. The Nikola brand has no franchise value, as far as I can tell. At some point, it is in danger of having negative franchise value. GM would be better off putting their own logo on the new truck they are designing. This narrative of GM benefiting from the eco credits is balogna. If they build an electric truck branded GMC, they get 100% of the eco credits. If they brand it Nikola, they get 80% and have to purchase the other 20%.
