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Nikola Motor lays off 15% of its workforce. (www.electrive.com)

submitted 20 hours ago by TheOne@lemmy.blahaj.zone to c/technology@lemmy.world

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[–] Ilovethebomb@lemm.ee 6 points 11 hours ago

I was initially getting them confused with Edison, who actually have a viable product.

it is estimated that each truck costs Nikola over $1 million to manufacture, while the revenue stands at $380,000. This is not a sustainable business model for obvious reasons.

Fucking hydrogen fuel cell vehicles are a scam. They're expensive to build, expensive to run, explode if the tank is punctured, and refuelling them is a massively complex endeavor, if you can even find a station.

There is no application for hydrogen fuel cell vehicles that either a hybrid running on biofuel or an EV can't do better and cheaper.

[–] phoneymouse@lemmy.world 31 points 18 hours ago

Surprised they’re even still around after the CEO got arrested

[–] BertramDitore@lemm.ee 8 points 17 hours ago (1 children)

I guess I’ve been under a rock, but I hadn’t heard of this company until now. Did they really name themselves Nikola Motor? Were they expecting to be bought out by Tesla or something? This would be like me opening a store called George next to an existing store called Washington. Weird.

[–] palordrolap@fedia.io 12 points 17 hours ago (1 children)

I think they thought they could be the "true Tesla" to rival the "Edison" thief or mangler of ideas that the company named Tesla is or, at least appears to be*.

Ironically, that seems to have been the only truly good idea they've had.

* For legal reasons this is a hypothetical opinion I believe, in some form, might have belonged to the founder(s) of Nikola Motor, and says nothing of my own ~~disappointment~~ opinion.

[–] kent_eh@lemmy.ca 10 points 17 hours ago

I love that Edison Motors jokes that they chose their name because "we stole Tesla's idea and made it better"

For those that hadn't heard of them, Edison Motors is building electric (and hybrid) semi trucks after putting down a deposit of Tesla's semi truck and not seeing any follow-up in more than 3 years.

[–] just_another_person@lemmy.world 5 points 19 hours ago (2 children)

Are they even selling a product yet?

[–] Ilovethebomb@lemm.ee 2 points 11 hours ago

Yes, they're just taking a half a million dollar loss on every vehicle they sell.

[–] neveraskedforthis@lemmy.world 7 points 17 hours ago

I guess there's a market for truck-sized soapbox cars.