US truck manufacturer Nikola Motor has announced that it let 135 of its employees go last Wednesday. The company's stocks continue to drop as the company struggles to maintain profitability despite delivering 88 fuel cell trucks in Q3.
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.
I was initially getting them confused with Edison, who actually have a viable product.
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.