overheard on the Nikola ($NKLA) earnings call -- Tre gross margin expected to be -150% initially (yikes). they think they can drop the bill of materials by half in the first couple years, and another 25% in the year thereafter, maybe finally making positive gross margin...
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It will be interesting to see how US production goes.
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they're answering questions and being super vague. still feel like they're mostly doomed. limited vision through to where they can make a profit much less earn their valuation.
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