Following up on my previous analysis of Nikola Corporation, where I have refrained from calling it vaporware myself, this isn't much more than a conclusion to a little truck that wished it could.
Besides being just another Tesla wannabe, there isn't much more. Tipping the hat to the great mind, such as Nikola Tesla, by using his first name, isn't enough.
To surf the EV wave, like Tesla, you have to have an expert surfer on the board, like Elon Musk, in the world of engineering, and a keen sense to the current and feeling for the murky waters of the automotive manufacturing world.
Like any other startup, you have to have an idea. But before you can even consider allowing it to take physical shape, you have to know what is achievable.
I'm not talking about the safety implications of the compressed hydrogen stored, produced or pumped at production stations, proposed recently.
Nor am I talking about having the same safety concerns once something similar is placed on the mobile platform among other vehicles on the road.
From Trevor Milton's verbal descriptions, renderings, patents filed, and questionable prototype, it's feasibility comes into question.
For example, based on Mr. Milton's tweets and videos, the Nikola Tre is staying within street-legal dimensions, while still having 40Kg of hydrogen on board. This mystery container will have to overcome not only physical sizing limitations but drop in pressure during the release during utilization.
Adding all these variables together and you have yourself the proverbial holy grail similar to the pursuit of perpetual motion or even one that is theoretically possible, like cold fusion reactors.
Recent criticism by the Ark Investments and today Jim Cramer, don't even need the science on its side. The count of red flags showing is drastically increasing. The missing construction site, a very questionable prototype with Windows 10 lock screen overlayed on top of the 'Nikola GUI' dashboard, and side mirrors showing landscape while parked in the garage, are just the newest flags in a long list of questions that remain unanswered. Just like many questions asked by analysts during the recent 'earnings' call.
Following the same metaphor from before, you should know better than to jump on the same wave like a pro surfer or you will find yourself pummeled by the board, wave, and dragged out by the current.