Interview: Nikola Motor CEO Trevor Milton (06.02.20)
Tesla Daily: Tesla News & Analysis
Rob Maurer
4.8 • 1.1K Ratings
🗓️ 3 June 2020
⏱️ 60 minutes
🧾️ Download transcript
Summary
Nikola Motor’s CEO and founder, Trevor Milton, joins Rob Maurer to discuss Nikola Corporation’s merger with VectoIQ (VTIQ), Nikola’s strategies, production roadmap, hydrogen vs. battery storage, battery breakthroughs, competition, and Nikola’s lawsuit against Tesla.
0:00 VTIQ / NKLA Nikola merger
4:35 NKLA valuation
9:50 Nikola production roadmap
16:48 Hydrogen vs. batteries
19:53 Hydrogen well-to-wheel efficiency
24:35 Hydrogen storage vs. battery storage
28:52 Hydrogen station costs
30:28 Nikola’s battery technology and alleged battery breakthrough
36:23 Nikola’s service strategy
40:57 Nikola’s short and medium term constraints
44:38 Nikola’s lawsuit against Tesla
53:40 The end of diesel and legacy automakers
56:38 Hydrogen and battery powered aviation
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Ludicrous producer Fred Hassen
Executive producer Rish Singh
Executive producer Jeremy Cooke
Executive producer Nick Wood
Executive producer Troy Cherasaro
Executive producer Bradford Ferguson
Executive producer Andre Kent
Executive producer Bryce Langlotz
Music by Evan Schaeffer
Disclosure: Rob Maurer is long TSLA stock & derivatives and has no position in VTIQ or NKLA and no plans to initiate a position in the next 72 hours.
Transcript
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| 0:00.0 | Hey, Rob Maower, here and I'm excited to be joined today by Trevor Milton, the founder and CEO of Nicola Motor. |
| 0:14.7 | On a pretty big day for the company, you guys completed your merger. |
| 0:19.0 | Well, almost completed the merger today with Vt IQ and shortly on Thursday I believe you'll be listed |
| 0:26.2 | publicly under NKLA. So congrats on that Trevor. Any thoughts for today? |
| 0:32.3 | Yeah, thanks man. Any thoughts for today? Big day obviously. |
| 0:35.0 | A lot of, a lot of, a lot of, I had no idea how much work went into going into becoming listed on the |
| 0:41.3 | NASDAQ or being publicly traded. |
| 0:42.9 | It was a man, there's more work than I've ever imagined in my life on anything and it also |
| 0:48.9 | makes it a lot more fun and a lot more enjoyable. |
| 0:50.7 | So you know being publicly traded people get to see you know the good |
| 0:54.0 | the bad about your company so I actually kind of think that's good because up to this |
| 0:58.2 | point it's all been kind of speculation across the board from either people that like |
| 1:01.6 | us or don't like us and now there's a lot of facts out there and that's the that's probably the best part about it is finally we you know finally we get to talk about stuff that's actually filed you know with the SEC so it's good stuff Yeah, and I really appreciate you taking the time. I know it's probably been a crazy day for you to do the interview today and hopefully go through some of those facts and stuff that you're talking about. |
| 1:21.0 | Yeah, yeah, it was. It's Thursday, obviously that's a big day. |
| 1:24.0 | That's when we actually ring the bell on the NASDAQ and the stock will switch over from |
| 1:28.0 | Vt IQ to NkLA. |
| 1:30.0 | So, big couple days here and I'm glad to have you here and obviously a lot of your fans or would love to know you know tons of questions and and I'm happy to answer them. Let it jumping, let's have some fun? |
| 1:43.0 | Yeah, a lot of interest in Nicola from the Tesla community. |
| 1:45.9 | So I think where I'd love to start is just some more details on the merger. |
| 1:49.2 | So when things switch over on Thursday, |
| 1:52.4 | does anything really change or is it kind of just |
| 1:54.7 | trade the same way that the VT IQ does right now? |
... |
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