Nobody expected Nikola to be in the black, but the hydrogen-electric semi-trailer startup company said it had finally completed the first Tre prototype in Europe. The company called it a major milestone, but many tests remain before the trucks are ready to drive on European roads.
Nikola continues to work with CNH Industrial Iveco Subsidiary with a considerable presence in the segment to bring the Tre to life. The hard part isn't the body though, as the Tre is essentially a newly bathed Iveco S-Way. It's the powertrain, which Nikola says is an entirely proprietary system. It has remained bleak here since the startup confirmed that it is so still in talks with General Motors Battery and hydrogen fuel cell technology. The question remains, if Nikola has its own powertrain, why should they turn to GM? Even so, there's a Nikola powertrain underneath the prototype, though the company isn't ready to share details just yet.
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When the Tre debuted, Nikola promised a 720-kilowatt-hour battery with 248 miles of range, 644 horsepower and 1,327 pound-feet of torque. We'll have to see if those numbers hold true as the Tre moves on to validation testing, despite the company saying the Tre moves on its own during sessions on a test track. A fuel cell version of the Tre should come in 2023.
Nikola continues to stumble after allegations of Scam Earlier this year, Nikola chairman Trevor Milton stepped down from his position and stepped out of the spotlight. The startup also confirmed that it has received subpoenas from the U.S. Department of Justice and the Securities and Exchange Commission in its regulatory filing filed Monday. Nothing came of a federal investigation, but confirmation from Nikola confirms that the DOJ and SEC won't allow it Allegations of fraud go quietly into the night.
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