Nikola Motor (after Nikola Tesla) made a lot of noise for a variety of reasons. First, they stormed into the market promising the moon and more. Then, they got in trouble due to some pretty serious fraud allegations against the [former] CEO Trevor Milton, which ended up harming the company’s reputation. Milton was indicted on three counts of fraud, released on $100 million bail, and the company addressed Milton’s indictment with a note that basically said “he might be in trouble but the company is in the clear”.
Nikola Corporation is indeed still active and apparently in good health as they’ve just delivered their first Nikola Tre, one of their ‘pilot [semi] trucks’, powered by batteries, even though they’re also working on hydrogen fuel cell trucks.
Total Transporation Services (TTSI), a logistics company in California, has a letter of intent (from Nikola) for 30 battery-powered trucks and 70 hydrogen trucks, scheduled for delivery in 2022 and 2023. It sounds a bit too bullish, to be honest, but the fact that they somehow managed to deliver two trucks amid the ongoing controversy is a good sign.
The Tre truck (weird name), is powered by a 753 kWh battery pack (!) with a range of 350 miles and a top speed of 36 mph, the power output is 645 hp.
I personally think that buying an EV truck right now looks a lot like jumping the gun, because 350 miles for a semi? That’s not enough. What do you think? Is it too early?
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