## Electric truck

We are the Borg.
Rob Lister
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### Re: Electric truck

Better never than late but here it is anyway.

https://i.imgur.com/21imQwZ.png
https://arstechnica.com/cars/2018/03/fi ... batteries/

Notable quote
The Semi has ambitious specs that haven't been vetted in the real world yet—Musk promised that the top-line trucks would have a 500-mile range and an 80,000lb maximum load.
Of which only 40,000lb is usable after subtracting the 40,000lb weight of the battery pack. And let's not point out the energy costs of hauling that 40,000lb' battery pack around.
sparks
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### Re: Electric truck

Charged battery energy density is nowhere near diesel energy density. The recharge energy has to come from somewhere.

Whole concept is a fucking snipe hunt. Makes no sense at all. Burn some diesel here or some coal over there. Either way, you're fucked.
Rob Lister
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### Re: Electric truck

sparks wrote:Charged battery energy density is nowhere near diesel energy density. The recharge energy has to come from somewhere.

Whole concept is a fucking snipe hunt. Makes no sense at all. Burn some diesel here or some coal over there. Either way, you're fucked.
Not a great argument. The chain of efficiency between the two systems is fairly equal with electric just eking ahead. The energy to that electric solution may be from any number of sources, most of which are much cleaner than diesel or gasoline, with the worst of which--coal--being roughly equal.

Electric cars can be a smart solution.
Electric semis not so much as it has a reverse economy of scale.
sparks
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### Re: Electric truck

Rob Lister wrote:
sparks wrote:Charged battery energy density is nowhere near diesel energy density. The recharge energy has to come from somewhere.

Whole concept is a fucking snipe hunt. Makes no sense at all. Burn some diesel here or some coal over there. Either way, you're fucked.
Not a great argument. The chain of efficiency between the two systems is fairly equal with electric just eking ahead. The energy to that electric solution may be from any number of sources, most of which are much cleaner than diesel or gasoline, with the worst of which--coal--being roughly equal.

Electric cars can be a smart solution.
Electric semis not so much as it has a reverse economy of scale.
Evidences on the comparison of efficiency?

Agreed that infernal combustion engines driving wheels through a transmission is horribly inefficient. But one wonders how efficient, as pointed out earlier in the thread, it is to haul around 40,000 pounds of batteries. That is one heavy fucking fuel tank.

Let's ignore the 500 mile range claim for the moment.
Rob Lister
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### Re: Electric truck

sparks wrote:
Rob Lister wrote:
sparks wrote:Charged battery energy density is nowhere near diesel energy density. The recharge energy has to come from somewhere.

Whole concept is a fucking snipe hunt. Makes no sense at all. Burn some diesel here or some coal over there. Either way, you're fucked.
Not a great argument. The chain of efficiency between the two systems is fairly equal with electric just eking ahead. The energy to that electric solution may be from any number of sources, most of which are much cleaner than diesel or gasoline, with the worst of which--coal--being roughly equal.

Electric cars can be a smart solution.
Electric semis not so much as it has a reverse economy of scale.
Evidences on the comparison of efficiency?

Agreed that infernal combustion engines driving wheels through a transmission is horribly inefficient. But one wonders how efficient, as pointed out earlier in the thread, it is to haul around 40,000 pounds of batteries.
Yea, that was me. And whereas mine was a valid argument against the use of electric for trucks, yours is not a valid argument against the use of electric in general; either that or it's a very nice snipe worth hunting.

You can find general baselines for ERI's here
https://www.sciencedirect.com/science/a ... 1513003856
sparks
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### Re: Electric truck

"yours is not a valid argument against the use of electric in general;"

Sorry about the misunderstanding: My argument wasn't meant to be against the use of electric in general.

We are on the same page here.
Rob Lister
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### Re: Electric truck

The scam continues. The entire company exists only on paper. I mean, I gotta hand it to them, they know how to sell air.
A Truck Maker With Zero Revenue Scores $7.6 Billion Return for Early Backers It may have zero revenue, but Nikola Corp.’s stock surge has rewarded a few early believers with 10-figure gains on paper. Six investors have positions in the truck maker totaling$8.3 billion after investing about $650 million combined, according to an analysis of filings by the Bloomberg Billionaires Index. They include the Agnelli family’s CNH Industrial NV, with a$1.6 billion holding; $1.3 billion for Jeff Ubben’s ValueAct Capital Management, and$1.4 billion controlled by South Korea’s Hanwha Group.
https://www.bloomberg.com/news/articles ... ly-backers

a-fucking-mazing.
The value of these stakes has fluctuated wildly since Nikola’s reverse merger earlier this month with VectoIQ Acquisition Corp., and skeptics have questioned whether the company will sustain its lofty market value. Short-seller Andrew Left of Citron Research predicted Nikola shares, which climbed as high as $93.99 last week, would fall to$40 in a month. The stock rose as much as 8% before the start of regular trading Wednesday after closing at $62.93 Tuesday. “I wouldn’t be surprised if they never get a truck on the road,” Left said. They have$10 Billion in pre-orders. It cost $0 to pre-order. solely Posts: 1741 Joined: Sun Jul 28, 2019 4:41 pm ### Re: Electric truck LOL! robinson Posts: 16289 Joined: Sat Aug 12, 2006 2:01 am Title: Sardonic asshole Location: USA ### Re: Electric truck Rob Lister Posts: 23535 Joined: Sun Jul 18, 2004 7:15 pm Title: Incipient toppler Location: Swimming in Lake Ed ### Re: Electric truck I like it lots. I probably wouldn't like the stupidly unnecessary engineering overkill that Musk can't seem to resist (complex computer-controlled servo-driven door latches in place of two metal rods and a bushing, etc.) robinson Posts: 16289 Joined: Sat Aug 12, 2006 2:01 am Title: Sardonic asshole Location: USA ### Re: Electric truck Rob Lister wrote: Sun Jun 21, 2020 1:14 pm I like it lots. I probably wouldn't like the stupidly unnecessary engineering overkill that Musk can't seem to resist (complex computer-controlled servo-driven door latches in place of two metal rods and a bushing, etc.) When you learn the pressurized cabin version is going to be the work vehicle on the moon and Mars, it makes more sense. robinson Posts: 16289 Joined: Sat Aug 12, 2006 2:01 am Title: Sardonic asshole Location: USA ### Re: Electric truck These are not the sort of vehicles that are expected to work in a technological vacuum, but they are expected to work in an actual vacuum Anaxagoras Posts: 29550 Joined: Wed Mar 19, 2008 5:45 am Location: Yokohama/Tokyo, Japan ### Re: Electric truck Rob Lister wrote: Thu Jun 18, 2020 12:01 pm The scam continues. The entire company exists only on paper. I mean, I gotta hand it to them, they know how to sell air. A Truck Maker With Zero Revenue Scores$7.6 Billion Return for Early Backers

It may have zero revenue, but Nikola Corp.’s stock surge has rewarded a few early believers with 10-figure gains on paper.

Six investors have positions in the truck maker totaling $8.3 billion after investing about$650 million combined, according to an analysis of filings by the Bloomberg Billionaires Index. They include the Agnelli family’s CNH Industrial NV, with a $1.6 billion holding;$1.3 billion for Jeff Ubben’s ValueAct Capital Management, and $1.4 billion controlled by South Korea’s Hanwha Group. https://www.bloomberg.com/news/articles ... ly-backers a-fucking-mazing. The value of these stakes has fluctuated wildly since Nikola’s reverse merger earlier this month with VectoIQ Acquisition Corp., and skeptics have questioned whether the company will sustain its lofty market value. Short-seller Andrew Left of Citron Research predicted Nikola shares, which climbed as high as$93.99 last week, would fall to $40 in a month. The stock rose as much as 8% before the start of regular trading Wednesday after closing at$62.93 Tuesday.

“I wouldn’t be surprised if they never get a truck on the road,” Left said.
They have $10 Billion in pre-orders. It cost$0 to pre-order.
Looks like you called it:

Nikola (NKLA) in Turmoil – What Should the Shareholders Now Expect Amid Allegations of Another Theranos in the Making?
Nikola Corporation (NASDAQ:NKLA 32.13 -14.48%) shares continue to experience epic volatility, fueled by wild price swings as a result of dramatic developments over the past couple of days. The pre-revenue company is currently facing perhaps the most arduous challenge of its corporate existence, resulting in pitched battles between the bulls and the bears not only on the stock exchange but also on Twitter and other social media platforms as investors try to justify their individual thesis on what the future holds for Nikola.

While the situation remains as obfuscating as ever, Nikola bulls believe that the company is being unfairly targeted by short-sellers. On the other end of the spectrum, the company’s detractors perceive it as a horrendous reincarnation of the infamous Theranos saga. In today’s post, we’ll try to assess the prevailing situation objectively and then synthesize what this endless parade of allegations and counter-allegations means for the stock price.

First, let’s take a cursory stock of the current situation. Early last week, Nikola super-charged the bullish sentiment in its shares when it announced a strategic partnership with General Motors (NYSE:GM 30.46 0.96%). We have covered the minutiae of this arrangement in a previous post. To summarize, GM will provide batteries, fuel cells, and other essential components for Nikola’s Class 8 electric trucks. The auto giant will also manufacture the company’s much-anticipated Badger electric pickup truck. In return, GM will receive an 11 percent stake in Nikola worth around $2 billion. It will also receive another$2 billion as compensation for providing services as well as access to key parts and components, including $700 million in production-related costs. Finally, GM will receive the lion’s share of the tax credits that will be generated by retailing the Badger truck. On the 8th of September, when this deal was announced after the extended holiday weekend, the stock jumped by an astonishing 40 percent relative to the closing price of$35.55 registered the week before.

However, things took a turn for the worse when Hindenburg Research published a scathing report on Thursday (10th of September), leveling two major allegations against Nikola. The first asserted that Nikola, contrary to its public claims, does not possess any revolutionary or proprietary technology concerning batteries and hydrogen fuel cells, as illustrated by the fact that it is utilizing GM’s under-development Ultium battery system and Hydrotec fuel cell technology for the Badger pickup truck. The second allegation alluded to Nikola’s supposed proclivity of employing deliberate deception as modus operandi. You can gain further insight by heading to our dedicated post on this subject. Thereafter, on the 11th of September, Citron Research also publicly came out in support of Hindenburg’s findings against Nikola.
Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America (Hindenburg Research)
robinson
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### Re: Electric truck

sparks wrote: Fri Dec 02, 2016 6:47 am Hard to tell from the info, but it sure seems that way to me.
So it was a scam from day one?
Rob Lister
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### Re: Electric truck

robinson wrote: Mon Sep 14, 2020 10:52 am
sparks wrote: Fri Dec 02, 2016 6:47 am Hard to tell from the info, but it sure seems that way to me.
So it was a scam from day one?
The founder is Trevor Milton. Given his business history, I'd say yes, a scam from day one.
robinson
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### Re: Electric truck

Grammatron wrote: Wed Oct 04, 2017 7:52 pm
Tesla wants to be a global vehicle manufacturer on par with GM or Ford.
Feb 4, 2020
With a market capitalization topping $160 billion, Tesla has now become larger than U.S. Big 3 automakers General Motors (NYSE:GM) ($50 billion), Ford (NYSE:F) ($36 billion), and Fiat Chrysler (NYSE:FCAU) ($26 billion) combined -- and almost enough room left over to toss on Mercedes-Benz manufacturer Daimler ($50 billion) for good measure. The move has left many wondering exactly how Tesla got here -- and what's ahead for the car company down the road. https://www.fool.com/investing/2020/02/ ... ler-c.aspx robinson Posts: 16289 Joined: Sat Aug 12, 2006 2:01 am Title: Sardonic asshole Location: USA ### Re: Electric truck Tesla becomes most valuable automaker, worth more than GM, Ford, FCA combined. Tesla is now worth more than any automaker in the world as its stock price soars past$1,000 per share.
June 10, 2020

Anaxagoras
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### Re: Electric truck

Rob Lister wrote: Mon Sep 14, 2020 12:09 pm
robinson wrote: Mon Sep 14, 2020 10:52 am
sparks wrote: Fri Dec 02, 2016 6:47 am Hard to tell from the info, but it sure seems that way to me.
So it was a scam from day one?
The founder is Trevor Milton. Given his business history, I'd say yes, a scam from day one.
Nikola founder Trevor Milton to voluntarily step down as executive chairman
Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down from his roles as executive chairman and a member of its board.

The electric truck company said the board accepted Milton’s resignation, adding that Stephen Girsky, former vice chairman of General Motors and a member of Nikola’s board, has been appointed chairman of the board, effective immediately.
Rob Lister
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### Re: Electric truck

I'm going to hold my breath until he is criminally charged. I'm that confident.
Rob Lister
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### Re: Electric truck

Nikola Motor reveals it received subpoenas from DOJ, SEC

Washington, DC (CNN)Nikola Motor Company, a manufacturer of electric and fuel cell trucks, announced in a regulatory filing Monday that it has received subpoenas from the Securities and Exchange Commission and the Department of Justice in connection to fraud allegations leveled at the company by a short-seller.
https://www.cnn.com/2020/11/10/cars/nik ... index.html

Soon.
Witness
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### Re: Electric truck

Follow-up:
Nikola electric-truck prototypes were powered by hidden wall sockets, towed into position and rolled down hills, prosecutors say

Prosecutors said the prototypes didn’t function and were Frankenstein monsters cobbled together from parts from other vehicles

The founder of the much-hyped electric truck manufacturer Nikola Corp. has been charged with lying to investors about the supposed technological breakthroughs the company had achieved in order to drive up its stock price, federal prosecutors announced Thursday.

Trevor Milton, 39, is accused of claiming that his company had successfully manufactured working prototypes of electric trucks and pickup trucks that would turn the industry on its head, when he had, in fact, never built anything.

“At the bottom, this a very simple case: Milton told lies to generate popular demand for his stock,” said Audrey Strauss,, the U.S. Attorney for the Southern District of New York.

Milton resigned from Nikola in September as it emerged that the justice department had opened a probe into the startup and its founder over possible false claims. Milton has previously tweeted that he intended to defend himself against “false allegations.”

Prosecutors said Milton was taken into custody Thursday in Manhattan and was later released on a \$100 million bond. His attorney, Marc Mukasey, said in an email: “Trevor Milton is innocent. He’s been wrongfully accused after a faulty and incomplete investigation. He will be exonerated after trial.”

In a statement, Nikola said that the indictment was against Milton and not the company, and noted that he had not been involved in the business since last year.

“Nikola has cooperated with the government throughout the course of its inquiry. We remain committed to our previously announced milestones and timelines and are focused on delivering Nikola Tre battery-electric trucks later this year from the company’s manufacturing facilities,” the statement read.
https://www.marketwatch.com/story/nikol ... =home-page

I somehow doubt the trucks will show up. :mrgreen: