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There is only so much zero interest money you can burn through before people taking those loans realize that you have no product and they will be still liable f
by yholio 6y ago
There is only so much zero interest money you can burn through before people taking those loans realize that you have no product and they will be still liable for the principal.
Nikola has no battery edge. Their hydrogen tech is vaporware - after more then 20 years of massive public and private investment in Japan and Germany, Hydrogen failed to achieve a competitive position in the marketplace. Hell, it has been 17 years since Bush Jr announced his plan for a "Hydrogen economy" - nothing materialized.
Hidrogen is dead an buried, not coming back. Nikola has no propulsion in a market where even the company that has the best electric propulsion - Tesla - is struggling to put a compelling semi.