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Comment by missedthecue | Hacker News Reader

Nikola is still a $1.3 billion company if you really want your mind blown.

That's the true insanity here. Did they ever sell a truck? In the meanwhile those un-innovative legacy manufacturers have the first working protypes on the road. And where is the Tesla Semi again?

The Tesla Semi is being produced right now for some contract deliveries, announced last week.

They announced a lot of things since the announcement in 2017 though. Let's not take Tesla's announcements as anything else than stunts for now, like, really.

And meanwhile Volvo has three fully electrical semis in serial production and Mercedes started serial production of an electric Actros.

Yup, plenty of large electric commercial vehicles on the road already, mainly in Norway I'd bet.

According to wikipedia they sold 93 trucks yes. All recalled because a seat-belt issue (that's how I got '93'), but it seems they have some trucks on the road right now, whatever the quality (and unlike Tesla, btw)

Nikola delivered its first "Nikola Tre" electric truck on December 17, 2021. It announced the start of serial production in March 2022, and delivered 48 trucks in Q2 2022.

According to the company, they remain on target to deliver 300-500 trucks by the end of 2022.

All they've basically done is decided to work with Iveco to electrify existing S-Way trucks.

"As part of the cooperation – which incidentally includes CNH Industrial’s two commercial vehicles and drive brands Iveco and FPT Industrial – it will take over Nikola’s electrical technology and infotainment system. The semi will also be given a design jointly developed by Nikola and Italdesign."

So badge engineering and electrifying existing vehickes, at a shockingly low volume, and based on fraud to hyoe all that justifies a 1 billion evaluation nowadys. Nice.

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