Just the News
Electric vehicle startup Nikola Corp. has announced it had filed for Chapter 11 bankruptcy. Nikola now joins a line of EV startups that fell into bankruptcy over the past year. While the Biden-Harris administration went full-speed ahead with a vision of EVs replacing gas-powered vehicles, electric-vehicle production has become a bad bet for the companies that jumped into the vision head-first. Consumers just never got on board with the plan.
With Trump planning to end federal EV mandates and legislation seeking to stop tax credits for the purchase of new EVs, the list of failed EV startups might continue to grow. More
The “vision” had nothing to do with electric vehicle production and everything to do with sucking on a firehose of govt money and everybody involved from the company suits to the initial investors to the lobbyists to the corrupt uniparty pols (but I repeat myself) getting filthy rich. It was a successful company.
But did the board members get their bonuses???
I initially thought this was going to be about Rivian, not only because they are so problematic, but those headlights make it look like it’s being buttfukked by a Cybertruck! It is truly beyond my comprehension why anyone would buy anything so hideous and unreliable!!
As usual with these green boondoggles if you follow the money you’ll find a select few become people involved become much wealthier before the bankruptcy.
Tim: Kind of like Solendra, huh?
YUP—
Follow the money—
Now kill the subsidies for people making methane from pig shit, surplus food stuffs, and landfills that pay them ten times the market rate for the gas.
EVERY electric vehicle is stupid. It’s a scam.
They will never offset the fuel used to create them.
The toxic waste and low battery life, plus the weight causing tires to wear twice as fast.
The crap quality (Tesla as well).
Hydrogen Fuel Cell might work if Hydrogen is made 100% from electricity that uses no fossil fuel; hydro, nuclear, or solar. (Wind is ridiculous)
https://www.toyota.com/mirai/
Like Proterra and their electric buses. Now the buyers are stuck with no parts, no service, no warranty.
Typical boondoggle….the building is massive and in the middle of nowhere.
Harry
Rivian is building all the new delivery vans for Fed Ex (might be Amazon, no matter). Invest.
^^^ Looks like it both, and UPS is looking at them. Double down on the investment.
It’s all been a money laundering grift
^^^^^
You think Tesla is a money laundering grift? Tesla took no fed money. You can’t argue Tesla’s success. Ur nuts.
@Brad — Thanks for that Rivian info. To expand a bit, I just searched biz news and found this from yesterday (2/21):
@Brad — About Tesla taking no Fed money. You are quite right in that Tesla took to Fed money directly. One could argue, though, that they took a lot second hand from buyers taking advantage of fed rebates and dodgy tax refunds/deductions. A substantial portion of Tesla’s U.S. sales included trickle-through govt money. When all the incentives disappear as President Trump promises, we’ll see just exactly what the effect has been by seeing how the sales numbers change.
p.s. I’m a Trump fanboi, and that includes how he created, grew, and has managed Tesla among his other endeavors. I do try to keep my eyes open, though.
Uncle Al , Google who’s supplying Fed Ex with their electric vans. It’s Rivian. I guess they’re the anointed ones. There’s a sub division of GM now supplying Fed Ex with their vans. Honestly, I’m no libtard, as I hope you now, but this might honestly be a logical use for these things. The drivers love them. We need to know how long those bats last and what the do with them when they’re shot. The cost is up to these private companies.
“p.s. I’m a Trump fanboi, and that includes how he created, grew, and has managed Tesla among his other endeavors. I do try to keep my eyes open, though.”
That’s bull shit, and you know it. Elon is by no means a stupid man. Is Trump managing Space X too? Come on man, lay off the martinis.
This God Damn Google pop up is going to drive me nuts, and believe me, that’s a short drive. Like around the block.
Brad, understood and agreed. I thought the article from yesterday was germane.
As for logical uses, I am *not* anti-EV. It’s just that almost all of the private purchasers buy them for virtue signaling: they have far more money than brains.
A road vehicle is properly viewed as a tool. Businesses know how to pick and invest in their tools far better than most private individuals. You buy what accomplishes your tasks in the most cost-effective way. Sometimes, that’s an electric truck, especially when you have semi-fixed routes with little variance in day-to-day duty cycles. That makes it a lot easier to figure out what something is going to cost you for the long haul (pun intended).
Uncle Al
Long haul EV transport vehicles are a no go. They would require reinforcing half the over passes and bridges in the United States. The weight of one of those tractors is off the charts.
We bump heads a lot. Just want you to know I enjoy the hell out of it and respect your opinion.
You’re spot on. Long haul is STOOOOOPID. And obviously stupid right from the start. Anyone touting electric semis is a crook.
Local delivery routes are an entirely different animal.
I enjoy the hell out of it too! And I respect your opinion as well, *evil grin* EVEN WHEN YOU’RE WRONG! Just kidding. When we disagree there are three possibilities and I think they’re fairly evenly distributed: It’s (a) I’m wrong, (b) you’re wrong, or (c) we’re BOTH wrong!
Al,
“EVEN WHEN YOU’RE WRONG! ”
You’re officially banned from talking to my wife. LOL. She has me wrong all the time.