Nikola Investor Day Presentation Deck
JOHN W. ASKED:
"Considering the number of EVs entering the market in the next several years, how is Nikola planning to
differentiate itself to ensure long-term success? Tesla was first to market, Rivian secured a contract w/
Amazon, Ford has the capacity to ramp production quickly. Nikola has...?"
FIRE
NIKOLA RESPONSE:
Mark Russell, CEO, at Q2 2022 Earnings Call:
First, we should clarify that unlike these companies, we build
only U.S. Class 8 and are planning to build European heavy-
duty commercial trucks, and we're addressing the short,
medium- and long-haul commercial freight segments. So
that's an immediate difference between us and them.
We're also one of the first truck OEMs in the market for Class
8 BEVs. We're likely to be the first OEM to commercialize
Class 8 FCEVs. But in the long run, which we're really going
to differentiate Nikola is energy infrastructure. On Slide 3 of
the deck, you can see that the total addressable market for
just hydrogen is bigger than the entire market for trucks.
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