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 normally the situation is completely fucked.
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in this case there might be something left over if they can actually get costs undercontrol and *actually do scale-up* they still have this insane valuation to contend with, but they might have a niche? it's at least plausible
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