Nikola Inc.
“We have been a pre-revenue startup for years, where everything we spent we had to raise from investors,” Nikola CEO Mark Russell said at the event. “Today marks the day when we transition to customer deliveries. We have trucks that we can deliver to customers and get paid for. We're now going to be a revenue-producing company and will be forever.”
Big rigs aren’t the only vehicle segment that competitors got to faster than Tesla. Musk’s decision to push back Cybertruck production to 2023 allowed EV startup Rivian to come to market first with its R1T model. This weekto customers, a battery-powered version of the best-selling U.S. vehicle for decades.
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Nikola’s Electric Big Rig Beats Delayed Tesla Semi To MarketOutput of battery-powered Tre trucks for customers will grow to five per day, with a longer-range hydrogen model due in 2023.
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Ford CEO Jim Farley burns Tesla during electric F-150 Lightning launch eventFord CEO Jim Farley used the launch of F-150 Lightning production to take a few pokes at rival Tesla, whose electric truck has been delayed. Lit Better make use of the head start before the Cybertruck is released next year (hopefully). Problem is the charging infrastructure for non-Tesla vehicles leaves much to be desired. Not sure how much is this a burn when Tesla is a 900 billion to 1 trillion dollar company and Ford is like 60 billion. Tesla can choose to acquire Ford for a fraction of its cap if it wants to. Not even close currently.
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