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

submitted 4 weeks ago by TheOne@lemmy.blahaj.zone to c/technology@lemmy.world

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[–] phoneymouse@lemmy.world 40 points 4 weeks ago

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

[–] BertramDitore@lemm.ee 13 points 4 weeks 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 14 points 4 weeks 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 12 points 4 weeks 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.

[–] Ilovethebomb@lemm.ee 10 points 4 weeks ago (1 children)

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.

[–] thann@lemmy.dbzer0.com 2 points 3 weeks ago (2 children)

Capitalists will do anything but electrified trains

[–] Kusimulkku@lemm.ee 1 points 3 weeks ago

Trains from every factory to the end consumers might be a bit project

[–] just_another_person@lemmy.world 7 points 4 weeks ago (2 children)

Are they even selling a product yet?

[–] neveraskedforthis@lemmy.world 7 points 4 weeks ago

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

[–] Ilovethebomb@lemm.ee 2 points 4 weeks ago

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