Nikola And Tesla’s Electric Truck Rivalry Heats Up

The market for electric trucks is just starting to take shape but Nikola and Tesla are making moves to position themselves as key players in clean commercial vehicles: Nikola is getting a new CEO with extensive automotive experience as it ramps up production and Elon Musk has claimed his long-delayed Tesla Semi will finally arrive this year.

with its electric Tre truck that goes about 350 miles per charge.

“Tesla 500 mile range Semi Truck starts shipping this year, Cybertruck next year,” the mercurial billionaire tweeted, providing no additional details about specific timing or price. The company has claimed that it has received thousands of pre-orders for the model, though tight battery supplies had pushed its likely launch back to 2023. Given Musk’s uneven track record when it comes to the timing and price of new Tesla models, many initial Tesla Semi customers will likely be seeking considerably more information about when they can expect delivery. Tesla didn’t respond to a request for comment.

Nikola’s leadership change appears to be part of its attempt to move past a rocky period and share-price plunge triggered by founder and former CEO Trevor Milton’s indictment by federal prosecutors for making fraudulent statements to investors. Milton has denied the charges. His trial is currently scheduled to start next month.

Nikola is a very insecure company, many people hate it. 🤨

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