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...
-
Show this thread
-
Replying to @DanielleFong
Did they mention anything about products that actually work without lying and propaganda, though?
1 reply 0 retweets 2 likes -
Replying to @polarizeme
there was a movie! yes! actually i wanted to talk about that. the prototype TRE truck arrived, they had a movie about it. they did seem... well, ok? it's impressive as a machine but still underpowered in some respects, and they showed off something and it emitted smoke! wth?
1 reply 0 retweets 2 likes -
-
Replying to @DanielleFong
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.
1 reply 0 retweets 2 likes -
Replying to @polarizeme
i think there *just might be* enough people who were there and they raised almost a billion dollars, so, they're actually moving fast considering. maybe the people on board are like, *ok* can we make a god damn good business out of what we have left over, we have a ton of stuff
1 reply 0 retweets 1 like -
Replying to @DanielleFong @polarizeme
but normally the situation is completely fucked.
1 reply 0 retweets 1 like -
Replying to @DanielleFong @polarizeme
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
1 reply 0 retweets 1 like -
Replying to @DanielleFong
Yeah and legit competition in that space will be incredible, so here's hoping!
1 reply 0 retweets 0 likes
-
-
Replying to @DanielleFong
That may be the first time anyone has ever called me optimistic
0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
-
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.
