.. neverending shitstorms, no. 1 target of shortsellers, legal affairs, pandemic, management-changes, inflation, recession, new products, start-up hurdles .. quite a package .. i´m completely with you .. if they survive this, imagine how they will perform under normal conditions .. godspeed lohscheller and team ..
In Bear’s previous flyover there were about 24 fewer trucks that in his previous flyover, meaning 24 likely were shipped, perhaps more since they are still be producing more. It does seem to be the case that Nikola usually waits until the end of the quarter to do most of their shipping, and the previous flyover was right after Q1 had ended.
@@Zorkmid123 hope you are right man. I think there strategy is to switch over to Fuel cell trucks. I think that is where their edge is. Hope they find enough capital make that transition ..,
@Skunk Co I'm in the same boat as you! they are deep in debt just wondering if they can hang on or will they declare bankruptcy. Hope Trevor rots in prison!
When it gets delisted times will get real tough. Surprised they haven't reversed split yet? I guess that kind of says brankruptcy? Market cap is 700 mil. Still not very cheap!
Will nkla survive? Stock under a buck, too bad ford, gmc, or someone else won't buy them up cheap! But i also remember when sirus radio went to 10 cents!
I looked at their press release back in September where they said that they were taking orders for the European Tre BEV and they don't give a date for the start of production. They do say the European Tre FCEV (which comes after the BEV as in USA) will start production in the first half of 2024. I believe I have seen an article with a quarter in 2023 where it would start but can't recall what it was.
Have an interesting update for you.. They have pulled the plug on any future BEV testing off site. I just drove from my home in Michigan all the way to Florida for the next section of testing, for them to tell me to turn around and go home. I spent a year testing these trucks and after a 30 second, phone call it's all down the draining for nothing and I have no job. I used to support them, now I hope the company does fail so that they are all out in the street as well experiencing what I'm experiencing, with no income.
@@Snotcicles I was a contractor, doing off-site BEV testing. That ended as of yesterday. BEV testing was scheduled through us through the end of the year while the fuel cell ramped up.
Not a good sign, trucks lined up everywhere nobody is buying.. Seven board of directors to step down retire. Price below $1 delisting ahead. Likely to run out of money by year end. Need fresh cash injection else will go bust. Expect share dilution ahead. Tough economic environment to raise fresh funds. May well go bust by year end.
