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posted by Fnord666 on Monday June 15 2020, @02:41PM   Printer-friendly
from the doesn't-look-like-a-stealth-fighter dept.

Nikola Unveils Three Reservation Packages for the Badger Electric Pickup Truck

Nikola, the manufacturer of an electric version of the heavy-truck, experienced a phenomenal bull run last week, prompted by the news of an imminent opening of reservations for the much-anticipated Badger electric pickup truck. Today, Nikola Motors tweeted further details regarding the seminal event, currently slated for the 27th of June.

[...] The first Nikola Badger reservation package will cost $250 and will entail a $500 discount applicable to the Badger's MSRP – expected to vary between $60,000 and $90,000. The package also contains a ticket to the Nikola World 2020 in order to view the Badger in-person. Finally, the package will entail 2 entries into a ballot for the Badger giveaway.

[...] As a refresher, Nikola unveiled the Badger electric pickup truck back in February 2020 to compete with Tesla's much-anticipated Cybertruck. According to the details revealed by the company, the Badger will retail in two power configurations: an FCEV (Fuel-Cell Electric) or BEV (Battery-Electric). Though it sports a much more conventional design as opposed to the Cybertruck's sharp corners and the futuristic vibe, the Badger offers impressive specs. As an illustration, the electric truck will offer a headline range of 600 miles through either of the two power configurations. Moreover, it will offer an acceleration from 0 to 60 mph in 2.9 seconds, a torque of up to 980 pounds-feet, and a peak horsepower of 906.

Previously: Nikola Semi Startup Shines on Wall Street With $34BN Valuation

Related: Nikola Corporation to Unveil Game-Changing Battery Cell Technology at Nikola World 2020
Tesla Unveils "Cybertruck"
Budweiser Brewer Makes First Beer Delivery With Nikola Semi Truck
146,000 Preorders for Tesla's Cybertruck in 48 Hours
Tesla Beats Expectations with Strong First-Quarter Delivery Numbers
Tesla's Robotaxi Fleet Will be 'Functionally Ready' in 2020, Musk Says


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  • (Score: 2, Interesting) by Anonymous Coward on Monday June 15 2020, @06:11PM

    by Anonymous Coward on Monday June 15 2020, @06:11PM (#1008238)

    Robinhood has definitely become a target of derision for catering to naive traders. I got curious about how they make money with no commission on anything. It costs $0 to transfer money in to RH, but $75 to transfer out. IT'S A TRAP, but that's not how they make most of their money.

    A big chunk of their money comes from Pay For Order Flow (PFOF). All brokers do it to some extent, but RH has been cited for favoring PFOF revenue over best execution for their clients. Translation? Your "free" order comes at the expense of the price you actually pay for your shares. This might not bother you if you're just dipping your toes in the market and buying fractional shares of AMZN in $50 chunks; but if you had more money involved the math gets ugly. If you lose $0.10/sh because your broker favored PFOF over best price for you, then a 100 share trade costs you $10 which is more than TD Ameritrade charged before RH forced them to go zero-commission on stock trades in order to avoid losing clients.

    So now all the other brokers are tempted to favor PFOF over best execution. It might be happening now. I hope RH dies yesterday and gets sued into oblivion so we can get back to a more honest dealing. You always have to watch what's going on with Wall Street if you're in the game. They've never been saints; but companies like RH really take the cake. Your cake. If the service is free, you're the product. Your money is the product in this case.

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