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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Replying to @DanielleFong
Let's not forget the $95k revenue they made in 2020 from selling electricity back to their utility from the solar panels on their buildings (at least that's what I think "solar revenue" is).pic.twitter.com/5pp47YdmoD
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Replying to @sudha_lakshmi
absurdist. they didn’t mention trevor once, they just sort of gestured at the timeframe and the 10-K they *filed* with the SEC, just trying to put that behind them. idk
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Replying to @DanielleFong
I have never seen a 10-K like this! Did you notice this part, where they admitted all of these statements made by Trevor were "inaccurate, in whole or in part"? Amazing!pic.twitter.com/DmyHTVNY5E
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incredibly bad news for Trevor imo. The CEO is JD lawyer so this is basically throwing him under the bus, he knows what this is
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