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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but physically it worked.
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Given the massive grift the whole company has been so far, that's astonishing. I hope they do good things, cuz the whole lying and pretending thing was ridiculous haha.

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