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Nikola deposit-shames Tesla on Twitter, brags $8 billion in preorders – Roadshow

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With Tesla forced to endure some choppy seas at the moment, competitors are wasting no time taking jabs at the beleaguered EV giant, the latest of which is the somewhat questionably named Nikola heavy-duty truck startup.

The company took to Twitter to promote the fact that it will refund all of its current reservation-holders’ deposits without changing their place in line, saying that it doesn’t need customer reservation money to build its trucks.

Great news! All reservations will be refunded 100% and you won’t lose your place in line. We don’t use your money to operate our business. We want everyone to know we have never used a dollar of deposit money in the history of our company. All deposits will be refunded < 60 days

— Nikola Motor Company (@nikolamotor) April 4, 2018

Furthermore, Nikola Motor also states that going forward, anyone can reserve either of its truck models without any deposit because it’s already got over $8 billion in preorder reservations.

You can now reserve a Nikola One or Two without any deposit at https://t.co/xKPXKBEgss . With over 8 + billion in pre order reservations, who needs deposits anyways!

— Nikola Motor Company (@nikolamotor) April 4, 2018

Call us crazy, but that seems optimistic, considering that it’s still three years from production on its trucks, by its own estimation and has to-date only offered renderings and a concept or two. If Tesla has shown us anything, it’s that producing electric vehicles of any kind at scale as a new manufacturer is difficult.

The fact that the Nikola One and Two are hydrogen fuel cell vehicles complicates things further because America lacks a truly robust hydrogen refueling network and though Nikola Motor has included expanding that in its plans for world domination. It could learn another thing or two from Tesla’s Supercharger network on how challenging it can be building and managing infrastructure.

The Nikola One concept was impressive, but can it scale up into production?

Roadshow

Still, Nikola seems to have promise, having worked out a deal with the state of Arizona for a factory, but time will really tell if its subtweets at Tesla were anything more than false bravado.

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