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I don't think the comparison to Theranos is accurate. Nikola may be overvalued, but they do have (billions?) loads of pre-orders for hydrogen trucks. Manufactu

I don't think the comparison to Theranos is accurate. Nikola may be overvalued, but they do have (billions?) loads of pre-orders for hydrogen trucks. Manufacturing the vehicles isn't rocket science - lots of companies are manufacturing hydrogen buses that are in use in EU for example. The tech definitely exists, the same way battery tech existed before Tesla. Hydrogen makes more sense for trucks as it's lighter, and by outsourcing manufacturing most of the risk is removed. PS Email me if you are interested in building a hydrogen powered flying vehicle.

bfieidhbrjr 6y ago
The preorders mainly come from a company with tiny assets, I think sub $100m. It's hot air.
- pepy 6y ago
  "U.S. Xpress had only $1.3 million in cash on hand last quarter."
sixQuarks 6y ago
By preorders, you mean an email list of people who said they’re interested, but left no deposit whatsoever.
nickik 6y ago
Just outsource everything even outsourcing itself. Why do you even have company, you can just sit in your basement and order a bunch of trucks from another company have some contractor put new stickers on it and ship them to costumers. Pay somebody else to set up the fuel station, do the repairs and so on. The costumer service you outsource to India. You don't even need more then 1 employ, you can chill while that employ does all the outsourcing. I'm sure that company would be bigger then Apple soon. I mean no labor cost, no capx and a huge market. What a genius move.
jariel 6y ago
The orders are not paid up and many from companies with bad balance sheets. The truck is vaporware and Nikola has no experience actually making or doing anything. So bringing anything in on time and anywhere near cost is going to be a challenge. "PS Email me if you are interested in building a hydrogen powered flying vehicle." - that's such an HN thing to write!

bfieidhbrjr 6y ago

The preorders mainly come from a company with tiny assets, I think sub $100m. It's hot air.

pepy 6y ago
"U.S. Xpress had only $1.3 million in cash on hand last quarter."

sixQuarks 6y ago

By preorders, you mean an email list of people who said they’re interested, but left no deposit whatsoever.

nickik 6y ago

Just outsource everything even outsourcing itself. Why do you even have company, you can just sit in your basement and order a bunch of trucks from another company have some contractor put new stickers on it and ship them to costumers. Pay somebody else to set up the fuel station, do the repairs and so on. The costumer service you outsource to India. You don't even need more then 1 employ, you can chill while that employ does all the outsourcing. I'm sure that company would be bigger then Apple soon. I mean no labor cost, no capx and a huge market. What a genius move.

jariel 6y ago

The orders are not paid up and many from companies with bad balance sheets. The truck is vaporware and Nikola has no experience actually making or doing anything. So bringing anything in on time and anywhere near cost is going to be a challenge. "PS Email me if you are interested in building a hydrogen powered flying vehicle." - that's such an HN thing to write!