#tre

Having recently posted an article highlighting some of Nikola’s bad behavior, it’s only fair that the company receives some acknowledgment for delivering on a promise. Last week, the company shipped the first examples of its Tre battery-electric trucks in California.

Two test vehicles were issued to Total Transportation Services Inc. (TTSI) to see how the Tre handles running deliveries in and out of Los Angeles and Long Beach ports. The trucking firm has a letter of intent from Nikola to purchase 100 trucks following a trial program of two Tre BEVs and their fuel-cell (FCEV) counterparts once the latter is in production.

Nikola Corp. has decided to reschedule the Nikola World conference that would have offered the public a look at its all-electric Badger pickup and an opportunity to see what else the company was cooking up. Under normal circumstances, we would all just fault COVID-19 and move on with our frustrating little lives. But the firm was recently accused of having misled investors on the true progress of its technology.

Those allegations were rebuffed by chairman and founder Trevor Milton… before he abruptly left the company and Nikola’s ludicrously high stock valuation pivoted in the wrong direction.

Interestingly, most of the blame seems to be staying with Milton. Nikola shares pitched up on Wednesday, despite the only major change being one more vacant office on the top floor. Meanwhile, CEO Mark Russell has been trying to get everyone stoked about Nikola World and all the amazing stuff that’s supposed to be there in December 2020. That included a view of the Badger pickup, which GM was supposed to build and the company has been taking preorders for since June.