38 Burst results for "Nikola"
Fresh update on "nikola" discussed on News, Traffic and Weather
"They're off back to our auto expert Nick Miles. This is Kamo news. All right, welcome back to the show, and we're gonna pick up where we left off last week. By the way, If you want to hear the whole show, our auto expert dot com comes out. They may not have been Getting into involved in a deal where everything was quite transparent. Yes. So, Nick, you may ask yourself what if GM get out of this? If Nikhil isn't actually supplying any technology, What's the point of all this now? Even just one nugget. That is ah, rather important and that those are the U. S tax credits. You know that Each manufacturer has all of these tax write it $7500 per vehicle that they can use. And after you hit about 200,000, they start phasing out of GM. Of course, they lost all of their tax credits. Now over a year ago, I think it's about a year ago when they lost the final remnant of all of these tax credits. So when you buy a Chevy bolt or equivalent You're you're not getting anything. But with this arrangement with Nikola Nikola. I was able to take advantage of this selling 200,000 or more of these pick up drugs, and GM can essentially funnel some of this benefit to its own pocket. Essentially getting around this limitation. So this little thing in the background serves as a za motivator for why GM would get involved in such a deal. When seemingly there would be no technical reason. Otherwise we're doing all right. I'm sure everything will become more clear as time progresses. Let's jump to some VW News, Heidi 4 83. News this week. Yeah, Basically, after a few weeks of registering a bunch of test cars and demo cars all over Europe, both slogan actually commends the rial consumer deliver it yesterday and in some of these countries were already seeing early indications that many, many many hundreds of units have been delivered here in just the first. Let's call it 24 hours, so Certainly delivers are underway. Furthermore, they have now shown some more footage and some more testing procedures and off road performance of the ideas for which is the off road version of the idea, three that we will be seeing here in the United States starting in December, so a clearly Volkswagen after many troubles and travails and delays Are underway with this major, multi multi billion dollar program that will result in tens of millions of electric vehicles sold over the next handful of years. Do you think Volkswagen are gonna push forward and and keep the momentum going off to the I d three eyed fool? The die has been cast so numerous models based on this format. This platform are deep in the works. There's over in 86, which is essentially a Volkswagen Atlas. That's electric that has been shown out there and many, many more models to come under all of their brands from both logged into Skoda to see as well. On it Sounds like there is also some video teases this week of them driving the idea for driving off road in the durability test, so it looks like they're going to go for every possible market as well. That's correct. Absolutely so White Ranger models with a wide range of body styles performances in price, But I'm looking forward to it. Anton Woman is an independent analyst and investor. You Khun read the majority of his stuff at the Of course, seeking Alfa or the street. He's a very intelligent man. He knows all of the inside stories will be looking forward to seeing how the whole Nikola I guess we could call it Nikola Gate Fair's over the next few weeks and find out if the company is able to come up and answer many of the questions that are now being asked of them if you want your questions asked, answered about cause our royal expert dot com is the place to go. You could read the articles that we have about because you could watch the videos from television broadcasts and listen to this podcast. Keep listening, Nick Miles are auto expert is moments away on Come on.
First Berlin Production Equipment, New Largest Supercharger Location, Daimler Emissions
"Our here, and today we have a super charger network update, which is nice. Little throwback for those of you that have listened to the podcast for a long time I used to do those every day at the start of the podcast. We also have some news on Berlin paint a small little updates slash rumor. I would call it on Battery Day and the news on Daimler Nikola Motor as. Well. Tesla stock with another really strong day to day even though it was relatively quiet news wise finishing up seven point two percent to four hundred and forty nine dollars seventy six sense that compared to the Nasdaq up one point two percent we'll start off with these super charger news. This is coming from Brian Mac se on twitter, who is a long-time listener and I believe Patriot supporter of. The podcast who happen to come across a super charger network location under construction near Firebaugh California. As far as I can tell, this location had not yet been noticed. So upon Brian tweeting these out Tesla Motors Club Forum members did some digging on this and they were actually able to find that the permit for the site as well as planning documents for sort of a conglomerate travel center at. This location those documents disclosed that Tessa. We'll have fifty six spots for Tesla charging at this travel center. Assuming each of those spaces has a super charger associated with it. fifty-six chargers would put this as the largest superchargers location in North America and possibly in the world surpassing cattleman city in the United States at forty chargers and believe in China, there are a couple locations that have fifty chargers. So. Pretty exciting this location is between San Francisco and La driven miles. It's about two hundred and thirty miles from La and about one hundred and fifty from San Francisco. It's not clear if these will be all version three superchargers but I'd have to imagine that they would be and as far as other features go. It looks like about two thirds of them thirty eight of the fifty six. will be pull through hopefully accommodating the use of a trailer and making things a bit easier for the cyber truck and potentially also accommodating the semi of course, cincy unveil of the semi. We haven't heard much more about Tesla's mega charger plans. So hopefully, we get a bit of an update on that during battery debt. Right next today is an update on Gigabytes Lynn gigafactory underscore four on twitter. Has Been following. The gigafactory development closely looks like some equipment has started to arrive, and some of that equipment carries branding for Geico Tikey Shah? which is a paintshop solutions provider based in Milan Italy. There's also some signing there that is co branded between that company and desolate GEICO take show describes their approach by saying quote innovation is our weapon of choice were constantly increasing the technological possibilities in. Order to meet the needs of the most demanding customers in a highly competitive sector and quote they also seem to be heavily focused on sustainability and they're their paintshop operations. They have a project called the party's project, and they say quote with the Party's project launched in two thousand, five Geico Kotecki show was the world's first company to offer zero environmental impact paintshop reducing consumption by seventy percent and. So. Without really knowing much more about the company does he pretty good fit for Tesla we know Tesla has pretty big aspirations with the shop and gigabyte Lin Yuan talked about it many times and even setting Matt aside, it's good to start to see some production equipment on the grounds of Giga Berlian and though I haven't seen it yet. Maybe this gives us another milestone to compare the progress with Giga Shanghai from what I can. Tell, it looks like paintshop equipment started being put in place at Giga. Shanghai. In early to mid August of two thousand, nineteen with production of course, then starting about four months later. So if that's the case, if Berlin falls a similar time line that could potentially project out to start production and January probably best to keep expectations for later than that but I do think it's helpful to keep an eye on how those timelines compare all Right next up today is something that could end up being completely nothing but I thought it was at least interesting enough to share earlier today Fred Lammert over at electric tweeted out a couple of images of him holding a pretty significantly sized battery cell and Fred Ask if anyone has seen this battery cell before or you have some information about them, please reach out to him. A says also by the way, this new cell May. Or may not have been made by Tesla I don't really have much speculation to add this. A couple of people on twitter were saying that it does look like a tablets design which we've talked about and past episodes. But really just pointing out to say could be something to keep an eye out for the next couple of days if electric is able to you dig up a little bit more information on whatever this ends up being. Last couple of pieces of news here. Today I on Daimler Daimler has reached a settlement with the US government to pay one and a half billion dollars and settlements and penalties to the US and California State to resolve allegations of Daimler using emissions test cheating software to conceal the actual emissions from vehicles even with the settlement, and despite the fact that engineers at the EPA found software designed to cheat the emissions tests. Damore denies wrongdoing saying quote as stated in the consent degrees the. Class Action Settlement the company denies the authorities allegations as well as the class action plaintiffs claims and does not admit any liability to the United States. California plaintiffs or otherwise and quote. So I don't know kind of disappointing to see a settlement of that nature that doesn't require the admission of fault with such seemingly strong evidence against Daimler right lasting today is a quick update on Nikola Motors. It sounds like from the comments yesterday that most of you preferred that I don't do significantly. Deep dive on this budget stick to the high level updates, which I'm totally fine with if Trevor Milton wanted to come back on the PODCAST, I would probably do that. Otherwise, we'll stick with these updates anyway today the Wall Street Journal and other outlets are reporting that the Justice Department has started to also investigate Nikola Motors due to the allegations that they had misled investors by making exaggerated claims about their technology I know that sounds similar to
Fresh update on "nikola" discussed on News, Traffic and Weather
"Truck. Gil Jen is with us and joining us on the phone is Anton Woman, He's an independent analyst and investor. He also has some very interesting news when it comes Tio Nicola. Now, Anton, why don't you explain to Ah sort of brings us up to date in what's been going on with Nicola and ah, who they are and why they should be worried. Yes. Oh Nikolas, a company that essential in public at the beginning of June of this year, their claim to fame was that they had This hydrogen technology that they were going to deploy first and very large trucks and sell these trucks to large companies like Anheuser Busch and others that had very specific a ll routes. Along the routes where they need you to transport their goods, and they would build these hydrogen stations along those routes after these companies paid them, essentially for Ah fixed price where they threw in the price of the truck. The cost for a mile that would simulate sell the vehicle, including the cost of the fuel and these delivers. We're scheduled to begin roughly by the end of 2023. Now, So they went public on this thing. And then I had also a couple of other smaller projects that they had shown us most notably a pickup truck, which was going to be delivered in at least two variances one which was going to be fully electorate because they also claimed to have some sort of battery technology. And secondly, it would be in a electric slash hydrogen and hybrid that they said that they would announce a manufacturing Parker that would manufacture this truck. And that's what he announced a few days ago where General Motors So that they will engineer this truck and manufacturing and then sell it on a cost plus model to Nikola, which would then be responsible for eventually just selling and marketing the trucks to consumers. So that's what happened in the early part of it. And the most amazing part of that announcement was that General Motors said, Forget about Nikolas hydrogen and battery technology. We're going to be using her own in this product. So for all the talk for many, many years now Of unequal having this hydrogen and battery technology. It wasn't actually going to be used in the product. So many people were starting to ask the question well. If they weren't going to use the only technology that they had that the worst their claim to fame. What did they really have? Well, as it turns out, we would only need to wait a couple of days. And then there was a report published that claimed that essentially because old technology claims were to some extent or another relatively fake. And that's where this story took next. And most surprising turn, So Nick should be going to AA. What that really meant on where we stand at this point? Yes. So clearly, it sounds like there was some miss misleading information. That was released. How serious is it now going to be for the company and for the people who made those allegations? So nickel hasn't really responded yet. Sorry. Typically in situations like this, where there's some allegation made as to whether a company or a person was running, the company has been telling the truth or not. I tend to like to wanna wait until they have actually responded the way that this happened here Just a couple of days ago was that the CEO of the company or guest? He technically is the CEO anymore is the chairman or whatever title he has, but he is clearly the dominant man behind the company. And he said that all we just give me a couple of hours here, and I'll be ableto trouble up a response that will really show everyone that allowed these allegations are worth absolutely nothing. Well, a few hours went by and ground we need. We need till tomorrow. And then comes the next day and said Well, on advice of counsel on advice of counsel. I can't really respond at this point. So you can sort of see where this is leading that something here.
US justice department inquires into Nikola fraud claims
"They are under pressure because it appears there are now two agencies that are investigating Nikola this afternoon to reports one from Dow Jones one from the F. T. saying that the Department of Justice specifically, the US Attorney's Office for the southern. District of New York has made inquiries to Nikola regarding the fraud claims. By the way we have reached out Nikola. No comment at all. We've been unable to hear anything back from the company regarding this report of the DOJ investigating company remember yesterday the report came out that the S. E. C. is also looking into these fraud claims surrounding Nikola Nikola for its part says look we. Reached out proactively last Friday to the SEC and we said look we want you to look into these claims that were made. By Hindenburg, research those claims about forty three of them essentially saying that this is an intricate fraud that Nikola is perpetrating here and that basically investors are on the hook again, what you heard from Nikola not only on Friday, but also on Monday was a refuting of those claims from Hindenburg but today Enberg double down issuing another report basically saying we view Nicholas response as a tacit admission of securities fraud that tacit admission is because one of the claims from Hindenburg research was that a semi truck. That was filmed by Nikola back in two thousand seventeen was not actually propelling itself. It was being rolled down a hill. It was in motion. It was not an actual driving vehicle showing your General Motors because General Motors has said look we did appropriate diligence when it comes to looking into Nikola before striking the deal where General Motors takes an eleven percent stake. Nikola will have its badger electric pickup truck built by General Motors That's the latest in terms of what we have at this point Melissa. But what's interesting here is we have heard nothing nothing at all from the chairman of Nikola Trevor Milton and these two investigations you have to wonder if this takes away the real oxygen that has pushed this stock higher over the last month and that's Trevor Milton on social media
Fresh update on "nikola" discussed on KTAR Programming
"How are things doing Good. I don't even know where to start with you whether we should start with nook or chopped her. Where do you want to take it? You You decide well. Seven years ago, We started on an Indian school and, um, way she wanted Teo, you know, put Italian twists are American course on it in Italian classics and we had, you know, hit it out of the park We grew out of following And it's so win because we came up with Sam's. There was a conversation that we had. It was like Chef, Would you ever go on chopped and I was like chopping the only shawl ever go on because it's really Yeah. And so when they did the casting call in Phoenix, I ended up, you know, submitting a paper and a video and And all the things that you although you have to go through the show, and you know, and they accepted me, which is really, really cool is really exciting. And you know, I did. Really, really Well, what do you think you did? Really? Well, what was it like? Was it what you expected? Was it more intense? It was very stressful. I mean that. I say this to you know to everybody that asked me. How was it? I was like, you know you You're studying for a test. You don't know the question. Yeah. What do you do? So, your your spectrum for food and you know, everything that goes on an industry is you're all over the board. Yeah, absolutely. Well, congratulations on winning shop. That was amazing. Let's talk about no kitchen, would it? What are some of the items on the menu that you would love us to enjoy? Ah, it's kind of hard to talk about, because every time I make a menu, it's try to put new things on their people are always like Annie the Bolognese back, don't you? Don't do that is to take it up there like Don't take it off. You can't do that. So all the time. I have to incorporate all the you know the bangers that I've had over the years and the decisions that people come accustomed to loving and they come in for so it's like I have to incorporate those as well as you know, keeping it fresh and innovative and Having cool guy dishes, I guess. No, I agree with you. I know how frustrating it is for a chef. You want to be creative. You want to move forward You want You have a whole arsenal of recipes that you want to share. But people want the Bolognese Day. Don't take the ball and the A C off menu. Chef. Next thing that I don't take it off every time I try to take it off, people are like, what are you doing? Put it back on the way to put it back on. We'll listen to school. Something with the art of genies aren't something to staple its advantage first. You know, seven years? Yes, My father is from Sicily and at and Jeannie. They're these little rice balls that are so delicious. And But I want to talk about the real star of your restaurant. Besides you and that your pizza oven. It was built from a family enables and having a good pizza oven is so critical and so important. Tell me a little bit about your pizzas. Well we acquired on acquittal. Napoli. It's called the family and Naples, Italy. That's been making pizza ovens for generations way used to have a foreigner. Bravo's, Um, which is another great Italian builder, Sir of it's a lot larger than the windows, but it's a sleek, sexy fast oven. Yeah, I call it the Lamborghini of pizza, because if it's really, really fast, and it's really, really sexy, love it, So that's what we're using now, and the pies are coming out. I mean, amazing. Oh, my God, The leopard spotting and just a preaching of the dough and everything is just perfect on these are Oh, my gosh. We're talking with chef Nikola Rosa with gnocchi Kitchen in Arcadia, The Balinese say the pizzas. These get shot. I'm telling you, you've got to go and get some authentic beautiful deserts, homemade pastas, homemade pizza, the starters which are so important in Italian cuisine. Nick, We're so proud of you. What's the best way to get there? You're 40 to 31 East Indian school. We're close to 40 40 unity in school. Yeah, it's you know, it's right next to what is a hash kitchen Thie addict is our neighbour. Yeah, right across the street, says little Woody. Eso. If anybody's in the area that knows that that area little Woody is directly across the street from us. Well, we're we can't wait to see you soon. It's nook kitchen and okay kitchen dot com..
SEC to examine Nikola over short seller's fraud allegations
"We start with some breaking news on Nikola shares they are down in the after hours that follows a big update Bloomberg reporting that the Securities and Exchange Commission will examine Nikola over the short showing fraud allegations stock down seven and a half percent right now guide Your response to that news. Again it probably Brian. Thanks for being here. Again, I can't speak, and I said this last week try to be a little clearer. Now, I can't obviously speak to the veracity of the short soul report accusations of fraud I have no idea what I did say last week, and what I'll stand behind is despite how the GM investment is structured whether they are actually investing money for the deal is structured fact that GM is somehow it linked. Their wagon to Nikola and if these accusations proved to be correct I, think the really deleterious thing could happen in shares of GM based solely on that not because it's just two billion dollars but the in my opinion, the potential for an exponential move based on that and based on the fact that maybe GM potentially didn't do the homework that are the people did that would be my primary concern right now as I look at this entire situation. and Tim to be clear on the story and I know we're GONNA. We're trying to fill up here. Any moment is that you don't Trevor Milton said the other day we're going to basically work with the SEC I wanna be clear according to the Bloomberg report. That's not what this is. This appears that the SEC is now poking into Nikola baby on not on the side of the short seller. But certainly from that angle, this is not some cozy deal between the two going after Hindenburg. No I think ultimately, the the SEC is going to do what they feel is just based upon both again allegations of fraud and actual fraud and investigating what was represented to investors I mean there's there's whether the technology is what it is and guys brought up some important elements of this that I don't I don't think we can know based upon even even if we read that entire report again, this needs to be validated or invalidated. The fact that the company has come out today and said, well, you know we said that it was. That the company was was was was excuse me that the truck was moving as opposed to it was actually individually propelled by our own engine etc I mean you know there's some some really frankly. that. BET semantic hair that's trying to be split here I think is is crazy I mean that doesn't sound good that certainly doesn't sound like something you'd rest. Well, we weren't really you know indicating that we were. We were on our own individual propulsion. So I think you know that doesn't read well. I to me GM the the issue was did this validate some of their fuel cell technology and some of their overall engineering prowess and did the deal makes some sense when you consider that unlike others Nikola was going with an asset light strategy and seeking to at least tap into engineering and we? Capacity that all makes sense. The fact that Jim got this for free was going to be paid seven hundred million dollars for access to some of their technology. I don't think this is necessarily harmful to GM. If this all turn to be a disaster for Nikola I think the fact of the matter is GM is pointing out that they have been in this space for a long time and I, think there's a lot there. Well it Dan Listen. That's the Tim. Actually hit on the one thing in the rebuttal that stuck out to me as well which is yeah. The truck may not have run on its own, but all the parts Kinda worked on their own but together didn't really matter because we're going to pivot to something else. Anyway there's a lot of pivoting going on Nikola and I wonder if investors should just pivot away from the stock because they don't know how this is going to end up. Well I think that's the main point. We just don't know we talked about this on Thursday. The stock was trading about thirty, eight hundred already had a big down day on the day before after that report came out my comment was okay. Well, there was two opportunities, the vet this story and I was a bit Glib about and so I said, you know there probably isn't fraud here. I had a very prominent short seller hit me after the fact on tax and say be careful here this is well documented and devastating I spent some time reading it the rebuttal there was really nothing there from Mykola and I think that's a pretty interesting. Story I'll just make one point and one of the reasons why I made that comment on Thursday I've been in this business for twenty five years. You know if you WANNA create some sort of scheme to rip people off of lots of money doing it in the public eye in front of know financial TV investors who are very well incentivized a sniff it out, and then no shortage of regulatory bodies. It's just not the best place to do it. So that's my first reaction often but who knows here, this seems like a really creepy situation and you know when you don't understand something you just avoid. Yeah, I think that's well setting care and I want to reiterate the news in case audience is just joining us here that the according to Bloomberg is now going to investigate at least sort of at a top level. The allegations of fraud against Nikola made by the short seller doesn't mean they're going to find anything and if they find anything, it may not. Be Serious and it could have some sort of an easy resolution as well. Just because the SEC goes poking around companies doesn't mean there's a negative outcome and I think that's very important to be said but on forget Nikola Karen is there any reason ever invest in the stock of a company where the even sniffing around? Maybe it does create some weird opportunity. Well I guess I point to Tesla the SEC. Sniffing around when they the statements about you know financing secured when when musk wanted to take private for four hundred and twenty dollars a share I guess that would have been one scenario but I agree with the guys on the panel that this particularly this issue of it was whether it was self propelled. We never said it was certainly one could reasonably assume that investors looking at that would think. That trump is going on its own. It just makes you think. All right. What else are they do? They have out there in the market that you know what are they sort of presenting that might not be actually as it appears this is a black eye for GM I'm GonNa Guess that maybe this deal falls apart I think GM I think is one of the guys said they didn't actually up any money it was the putting resources into advancing their. Ev Platform. But this this is a black guy for them. It's bad for them and I'm going to guess that this deal falls apart. We'll very quickly Karen and want to come back to number one on the propulsion sort of issue. Well, let's not forget the Financial Times. Did it's reporting a few days ago that they said they talked to a cameraman who said trump just basically rolled down the hill I think probably all of us that our worst moments of roll down a few hills once in a while after you too many. Let's move aside for that Karen. You think that if this comes out as a worst case scenario could GM's CEO Mary Barra lose her job. That I don't know I, mean imagine it. I. Would think the board probably not delighted by this It it it kind of I mean, maybe they did do their due diligence. Maybe they did know all of the points that were in that extensive short report, which I only read a little bit of to be to be fair did not read the entire thing and that they went through every single thing seemed okay. That's a bit of a stretch for me to believe. So I think the stock had rallied on that on the deal so it would be reasonable to You know I'm going to sell some stock I think. This is a black guy for them and for her and I think she's fantastic but. she is. Go out on religion meeting her and interviewing her and Mary Barra is is a class act all around guy but GM shares are moving on this news not a lot but they are down about one and a half percent and listen Y- again, and there's a lot of if and maybe you don't want to go too much down that rabbit hole you. So adroitly said very much of the top there but it is a difficult situation for GM and its investors when literally a couple of working days after you announce a big deal, basically one full week, you got the SEC poking around the company that you just kind of. GOT INTO THE BOARDROOM WITH Yeah I mean it's concerning again we I and we're all trying to be really careful here because obviously you know none of us know where the trews are and where they're not. But again, I want to emphasize if there's any truth whatsoever. In. Knows Ninety pages of that short sell report I think it's really believe it or not I think it's more of a negative for GM potentially that it is for nickel I know that sounds ridiculous but people will say how could you possibly got into whatever agreement it is whether it's a Deal whether it's just a collaboration thing whatever it is how do you partner up with a potentially something that isn't what they said it is to me that's a really scary notion and I think that's sort of the tail risk that GM is facing right now and obviously you know we're not wishing for this. I think we're just trying to point out what could happen and that sort of our jobs here.
Doc Rivers on Clippers: ‘We’re here because we put ourselves here’
"Mantras. Herro. Has not been the same. Player since he came back from being away, Lou Williams has not been the same player since he came out of the NBA Quarantine jail there this is just the facts that doesn't necessarily mean that that's going to change the outcome on tomorrow night for game seven. But this is not simply the the clippers messing around there at the break here and his doc rivers said today they clippers put themselves here nobody else and it's up to the clippers to get themselves out of it. Yeah I'm not sure mantras heralds should be guarding Nikola Jokic chapter what we've seen the last couple of games herald had a good game for though. So I, mean, it's one of these things. That's a little confusing because I think I heard you mentioned this Brian that he's the sixth man of the year, not just of the team but of the League and yet he is not the six-man off their bench in that last game right that he drew my green came off the bench that they they have not been able to use him as they wanted to, and it goes so much deeper than that. Just so many parts of this team not functioning together the way that they can. and. We've seen them do it at times the season, but we have also seen them lack cohesion at times. This season and game seven is not a time for that. We will have to see if they can pull it
A Big Warning for Big Tech
"If you thought this week was tough for technology buckle up because a chart showing even more pain ahead for this sector turned mastercard or worth joins us now to break it all down Carter, what are you looking at? You Bet thanks. So I mean before we get to the charges important to say that equities are not annuities right? I mean give backs, dip selloffs corrections the they're a part of investing in. So it's always hard though to figure out how far the decline will go. Let's try to figure that out couple charts. One of five the first one you see here I thought we'd start with this. It's going back to the early nineteen nineties. It's a two panel. Chart on the top. You see the Nasdaq composite. Obviously, it's well above its dot com peak in two thousand. But what's really interesting ironic and telling the bottom panel, the Nasdaq even with all of this has not recouped its relative losses to the SNP. Since the dotcom peaks that bottom panel without circle I drunk, you still haven't made relative high, which just shows how treacherous is to buy into the top of a bubble in any event the here, and now let's go. To the next chart. So now we're looking at a chart of the Nasdaq, no judgments or annotations, and yet what you can see is a clear break in trend I've simply drawn the trend line draws itself, and what we know is we have broken trend. This is the first break of the well-defined trend line that's been in effect since the march low. So where to well take a look at the next, what we know, and this is now the percentage decline were. Down Eleven and a half percent for the Nasdaq index overall. But once you broken trend, what is your reference point of? Could it go down? Thirteen could fifty of course it good. So the next reference point look at the next chart is the January February peak from which the market broke out. We know the S. and P. of course has already gone all the way back to it's generally Feb repeat and so were the market to simply go back to the peak. Of the pre pandemic. Hi, final chart. What it would be is not an eleven and a half percent decline, which is what we've seen so far. But then we're looking at something in the order of about eighteen and so is that a possibility you bet it is. A pretty good testament to first loss. Best loss if something does crack hard, it's usually right to try to take some measures and. Even, as Jeff said, we are not oversold. Okay. So this is specifically Carter for the Nasdaq for the S. and P. Five hundred, which already said breached that pre pandemic level. Is it smoother sailing or because of the tech leadership, we're also GONNA see a decline that that mirrors this but may not be as deep. Well, that's right. So then it's a question about the markets construction we know top by stocks or twenty, five percent. We know that interestingly just before this crack, the top fifteen stocks as a wait just finally exceeded the dot com peak in ninety nine, and so the question is the Nasdaq composite down eleven percent the S. and P. Down only seven percent is there more to go. Well, if the parts composed the whole, the whole comprises the parts if the big parts have more to go the presumption is that the SNP as more nego- Carter to see you, we'll see you later on options action Carter Braxton Worthy Cornerstone Macro Jeff, males you agree with Carter in this call for a decline of eighteen and a half percent on the Nasdaq from the recent peak. Yeah I do and I think the levels he points out or a really clear in that you have the pre pandemic peak but then you also have the upward sloping two hundred day moving average if you look at the triple cues, for example so I think that would be a really natural resting point for this particular correction and I do worry about the overall market just given the weight of some of these names and because I think the rotation and the cyclicality isn't necessarily prime to take off, that may not carry the day. In terms of the broad market I, think in order for that rotation to happen, you need to see things like consumer confidence, the labor market continued to heal. You know we had this divergence between the labor market and how consumers were actually behaving because of this income replacement that is now gone. So I think the uncertainty there needs to heal a lot more before you can see that rotation and have that value cyclicality carry the market higher Steve In cars world in which this decline happens do your cyclical stocks do better than tech? So I would have agreed with Mr Mills a couple of weeks ago that all of them get pole down to General I at the same rate and velocity the general but the the issue that I'm I'm I'm looking at now is that I m seeing if you chart chemicals right now chemicals don't look so bad on their on their ETF while tech does so to the to answer your question chemicals and sickle goals will rally even with the S&P falling out of bed.
Nikola Denies Short Seller's Fraud Allegations
"There's a nasty back and forth, taking place in public between a Wall Street short seller and an electric vehicle. Upstart. Nikola quickly responded to accusations from Hindenburg research. At the Phoenix, Arizona based startup is a fraud by saying in a statement that it was a hit job for a short sale profit driven by greed. Nikola goes on to say that it has nothing to hide and will refute the allegations and the firmest retained lawyers to look into potential legal recourse. Hindenburg accused Nikola founder and Sherman Trevor Milton. Of making false claims about the company's technology. Just days after Nikolas signed a partnership agreement with GM, in which Nikola will use G. M's battery technology for TV's Nikolas stock jumped on that news, but it's been hammered. Unhindered. Berg's allegations again today with Nikolas shares down by 15%
Nikola Denies Short Seller's Fraud Allegations
"And forth taking place in public between a Wall Street short seller, an electric vehicle. Upstart Nikola quickly responded to accusations from Hindenburg research. At the Phoenix, Arizona based startup is a fraud by saying in a statement that it was a hit job for a short sale profit driven by greed. Nikola goes on to say that it's got nothing to hide and will refute the allegations. And the firm has retained lawyers to look into potential legal recourse. Hindenburg accused Nikola founder and chairman Trevor Milton of making false claims about the company's technology just days after Nicolas signed a partnership agreement with GM. In which Nikola will use G. M's battery technology for TVs. Nikolas stock jumped on that news, but it's been hammered on Hindenburg allegations down another 8% this morning on the money Watch
Oracle Results Bolstered by Cloud-Computing Growth
"Peleton and Oracle both on the move. After results we got full team coverage. Let's kick things off Josh Lipton. Oracle's quarter Josh. So Melissa I caught up with Kirk turnover at ever corker covers oracle I to his quick taking solid top and bottom line results driven says by licensed revenue beat and lower operating expenses. Key questions on the call queue to guides, which we just got now relate to you all more color about its competitive position in the public cloud market. When is EPS Growth Kirk wants? To translate into cash flow growth. Of course, another big question is Oracle's in Tik toks US operations. Kirk is actually previously written about says, it could make sense of Oracle. Sees that as more of an investment meaning, find a partner and then spin out the business and that scenario he says, oracle would run TIKTOK instead, it really just gains a new Internet customer for. Its cloud business co soffer cats also giving some color here saying our infrastructure businesses are also growing rapidly as revenue from zoom more than doubled from four last year to Q. One and this year I have a high level of confidence. She says that our revenue accelerate as we move on past covid
GM acquires stake in electric truck maker Nikola, will help make the company’s first vehicle
"Big tech was falling today. There were some big jumps in two automakers not named Tesla shares of General Motors and Nicholas Surging? After the two into two billion dollar partnership for the details it's got to fill about Chicago Phil Melissa Nice Move Higher Not only for General Motors. But also for Nikola, which is back over fifty dollars a share and this agreement between the two companies really is a win win situation. Why do we say? That this is a case where both companies are going to benefit general motors getting size and scale Nikola no longer has to think about Sh- shelling of billions of dollars to start up manufacturing. Here's what each of them get GM expects at least four billion dollars in benefits in will have another customer that it will be supplying its battery technology to its fuel cells to that is important as they looked for size and scale Nikola gains the access to GM's. And as much as some people want to knock. General. Motors they have vast experience and knowledge when it comes to electric vehicles. Nikola. Also will save about four billion dollars in development costs and the Nikola Badger. Electric all electric pickup truck that comes out and twenty twenty two that will be built by General Motors I. Know Some people are saying well, is it GonNa look just like? The GM pickup trucks that are going to be electric? No the top of it will be different. The interior will be different the software that goes inside of it in terms of the infotainment system that'll be different. Yeah. The guts will be the same the batteries, the motor that that's all going to be the same, but it's the top that's going to differentiate the badger pickup truck from. The GM electric pickup trucks is you take a look at these two stocks. One more time. Remember that General Motors also is getting a board seat with Nicholas. So look at the end of the day Melissa you're going to see more of these types of deals within the auto industry. It's unrealistic to think that all of these startups as well as every single automaker is going to come. Up with their own battery platform, their own tech platform, you're GONNA start to see them coalesce around large platforms like this. You Got Ford and Volkswagen together you might see some startups going with them. You've got Tesla and it's GonNa, continue to sell its technology, and then you've got whatever Toyota decides to do. That's
GM forms $2 billion partnership with electric-car startup Nikola
"General Motors taking another step toward electric vehicles. A $2 billion deal with electric carmaker Nicola will allow greater use of G M's electric and fuel cell platforms with an eye towards semi truck and commercial vehicle development. GM chair and CEO Mary Barra, telling reporters this morning that there's little chance of stepping on each other's toes. There's room for not only that Nikola Badger, but also the GMC Hummer and the other several the based products that will put into the marketplace from an all evey perspective. For attorney at tuning 11% of the company over to GM. Nicola gets the automakers supply and manufacturing know how to help build their new electric and fuel cell pickups, which are coming out in December. Where is the
GM to make electric vehicle, supply batteries for Nikola
"Who's taking an 11% stake in electric truckmaker truckmaker Nikola Nikola Let's Let's find find out out more more about about the the deal. deal. John John McElroy McElroy is is here. here. Automotive Automotive industry industry analyst analyst host host of of auto auto line line dot dot TV TV based based in in Detroit. Detroit. John Can I give us some of the nuts and bolts of this deal? Yeah, OK. So for those who don't know Nikolai's the name of a startup that wants to build a hydrogen fuel, cell powered trucks pick up truck and some I trucks as well. They're also going to do electric ones. Well, they just gave General Motors $2 billion worth of its own stock of of Nicholas stock so that GM will engineer and Manufacture these vehicles and the fuel cell systems for Nikhil Lot, and the stock market loves what its hearing GM stock is up nearly 10% 1 of the biggest gains its had in a long, long time. Nicholas stock is up almost 50% on the news. So deaf it in a nutshell. There, Cisco. And so I mean, he's obviously shows that we're moving. Not only into you know, I'm guessing, you know, sort of straight up electric vehicles. I mean, I just explain how this is different than some of the vehicles currently being built. Well, you know, there are electric cars that you can get right now. But as the industry looks toward the future, it wants to do electric pickup trucks. It wants to do electric semis. And even farther down the road there looking at using hydrogen hydrogen fuel cells. And, of course, the reason everyone's doing this is to cut down on 02 nations and, ah There's government regulations in different parts of the world that air pushing this, But the markets also pushing it as well. And that's why GM and Nikola just signed his deal together and you
GM Stock Jumps on News of Stake in Electric-Vehicle Company
"Announced its taking a $2 billion stake. In an electric vehicle. Rival Nikola General Motors will manufacture that company's badger Electric pickup. GM shares are rallying 10.5% on that news production on the Badger will start by the end of 2022
Nine Pharma CEOs Commit to the “Integrity of the Scientific Process” in COVID-19 Vaccine Trials
"Breaking news out of the former suitable sector. Let's get to make. Good Morning. Good Morning Joe Nine. CEO's of some of the largest drug companies in the world announcing they've signed onto what they're calling a historic pledge to uphold the scientific integrity and put safety first as they are developing covid nineteen vaccines. These are basically the front runners in the vaccine race for covid nineteen, all of the companies involved in operation warp speed in addition to Merck Pfizer and its partner biotech Astra Zeneca Madonna GlaxoSmithKline Sanofi Johnson and Johnson and Nova VACs all signing onto this pledge to do essentially four things. They say always make safety and wellbeing of vaccinated people a top priority continue to adhere to high scientific and Ethical Standards Regarding. The conduct of clinical trials and the rigor of their manufacturing process they pledged to submit for approval or emergency use authorization after demonstrating safety and efficacy through phase three clinical studies designed to design and conducted to meet regulatory guidelines through a regulatory authorities like the FDA, and they say to work to ensure sufficient supply and range of vaccine options including those suitable for global access. They say quote we believe this pledge will help ensure public confidence in the rigorous scientific and regulatory process by which covid nineteen vaccines are evaluated and may ultimately approved and guys. This comes as vaccine development is moving at unprecedented speeds and we are hearing about some hesitancy. From folks to believe in the process and to be comfortable taking these vaccines especially as the FDA's leadership has come under question about political influence regarding convalescent plasma and hydroxy chloroquine in a recent change research and CB poll about thirty percent of people said that they either definitely not or probably not take covid nineteen vaccine, and so guys the company is trying to step in here to tell the public, they will keep safety I. Yeah. It's in response to rumors that we'd get an emergency youth authorization for for one of these vaccines before completing. The process there's always pressure on the FDA. obviously in especially with you know we're talking about life and death situations with with some of these drugs to to cut corners and I think they're just you know they're just putting it out there that especially with so many people when. Vaccines are such A. Controversial even before this people, you know what? The Anti Vaccine and everything else and we do remember back with with polio before we knew everything luckily nothing happened but you need to be sure. His longtime ago we know so much more and we know what's in vaccines. We know the scientific basis for how they worked meg. So I, I would be comfortable with. with one of these, the ad no mediated. Vaccine or you know if there's a small stretch of Messenger Aurigny I'll give it a shot I. I'm not overly concerned with with like contamination by some horrific virus that we don't see or something like that. You know make so. A wary public needs to be. Absolutely certain that that. We've. Crossed all the cross the is and cross. The is in dotted the teeth I just wanted to know we are coming up on that and that final stretch and the vaccine development process sort of inconceivably because this only begin in January really. But when we get to the end of October that's when Pfizer is indicating that they may see results about whether they're vaccine works and the FDA has scheduled advisory committee meeting of outside advisers, October twenty second, and so a lot of people are gonNA be looking at that date and saying, are we going to see data and how transparent will this process be So these are nine major drugmakers saying that their first priority is safety and I think this is hugely important not only for building public confidence in. A covert vaccine, but for protecting the sanctity of vaccines in general broader, we've had discussions with Scott gottlieb about this. The reason you don't want to rush through and push something out there that hasn't been thoroughly vetted with a phase three trial is that if there were problems with it, not only would it convince people not to take a Kovin vaccine, but it could undo a lot of the work that's been done with other vaccination programs around the globe I mean Joe. Brought up polio. Well, Jonas salk actually. Vaccinated his children. As some of the very first people testing this out so you know that was something he felt one hundred percent confident with we don't do things that way anymore. But there has been so much that that we have done with vaccinations diseases that we don't even think about anymore because over the last fifty years or so you know they've they've they've kind of gone away up very common This is just important not only for covert vaccination, but for faith in the vaccination system at large. Yeah it's so fragile. Public Health experts are incredibly concerned that a misstep here when vaccines are so important could shake the the fragile confidence in the vaccine system in general, and as you pointed out, it's this terrible irony of vaccines that they have rendered all these terrible diseases sort of non existent, and so we don't appreciate that vaccines did that for us. So there's a lot on the line here.
GM forms $2 billion partnership with electric-car startup Nikola
"Is teaming up with a start up company called Nikola to build electric hydrogen fuel cells for their electric pickup truck. GM will have an 11% share of the Phoenix company and Nikola expects its all electric badger pickup in production by the end of 2022. Nikola also plans on producing heavy duty trucks and GM will also collaborate on power cells and other engineering work. For that.
General Motors Takes Stake in Electric-Vehicle Company Nikola
"Points. General Motors teaming up with electric vehicle maker Nikola GM will be Nicola's strategic manufacturing partner with GM taking an 11% stake in the Phoenix Arizona company GM will engineer and manufacturer the nickel a badger battery electric and fuel cell versions. Shares of both companies are heading
Belarus Protest Leader Vanishes Amid Reports of Masked Abductors
"Border officials in Belarus So the opposition leader Maria Kolesnikova, has been detained while trying to cross into Ukraine. Two comrades who also disappeared yesterday, apparently cross the border. Such a Schlichter reports 24. Hours earlier, Maria Kalishnikov was pounced upon by a group of masked men outside the arts museum in Minsk, bundled into a van and driven away. This morning, Belarus sport officials claimed the car approached a border crossing with Ukraine past customs and then accelerated towards Ukrainian territory. The official claims that Maria Callas, Nikola somehow found herself outside the vehicle and was detained. Even Kravtsov and Anton Meridian cough managed to cross the border. But their fellow activists are not buying this narrative. They say the three had no intention of fleeing and that the entire thing was staged in order to produce the impression that they were cowards and were apprehended while trying to run away.
Nuggets' Nikola Jokic, Jamal Murray lead improved energetic effort to beat Clippers in Game 2
"Yesterday the nuggets lead. wire-to-wire top the clippers tie the series at one game apiece a little surprising sure I mean they got off to a huge lead and held onto the victory lead biggest takeaway from the nuggets game two victory over lic. So many positives take of this from Denver they jump. The clippers gave him the off punch in the mouth from the start, which is to say it was led by their styles, Jamal and nickel Yokich. They got lots of contributions from other guys as well. MILLSAP I thought was good in this game. Gary. Harris Marco Porter Jr. coming off the bench gays in the middle of a lift as well and even rant. Jeremy Grant was their defense I thought was exceptional. There was a several times where the clippers were in the pint and there was two or three Denver Nuggets, contesting shot blocking shots, and really making the clippers feel them in the paint, which is important. But the biggest takeaway for me is we knew the clippers we're GONNA come back. This is a twenty point late in the first half and it. was like in the NBA that never lost especially in the playoffs. The biggest question for me would the nuggets be able to hold onto this game and win it, and there was a crucial moment that minutes ago in the fourth quarter I think it was Po Georgia to three brought to a five point game and that was the sliding doors moment of the game. What would the nuggets through from? And began to our and just show that that first quarter net hop surge was nothing more than like. All right. We don't get swept all would they actually be able to maintain what they've played up to for that point and they did they came out and hit three threes after that and basically stretch the game out and Kinda sealed it from there. You know like it was sort of sent the message that the clippers like we're. Not going away and and again, it wasn't just Murray and Yokich was other guy is contributing and so to me it did sort of say, Oh, I, picked I, think the clippers to win this five. But after watching that performance in the way that they won that wire to wire, I'm a little more now convinced that the the the nuggets can make this series and an an a longer series I still think clip is ultimately win it. But if it goes six or seven, now, I wouldn't be surprised because I just thought that the Denver Nuggets after Guy Wander the first quarter they thought it off well, and then they just Kinda sunk from there and Michael Malone said we need to have better energy for the entire game and they absolutely did last night. So very impressive performance from everyone yokich again was great and so is Mary but really important that those other. Guys contribute and make this more than just a sort of a like a like a run in that first quarter just to get just to get system, they actually sustain that the entire game. So that's what I thought was most important for the nuggets at the something there that they can build on going forward in this
Cathy Horyn on Why Fashion Media Must Evolve
"Ala Kathy. I'm good you. You're in Virginia. Farm. Yeah. You're Minova Farm in Virginia and made avail in. London. and. Roundabout now could be looking forward to seeing each other at fashion shows as we have done for the last. How many years? We. Want to exit. Thirty five. Something, like Nineteen eighty-seven age is not. About you were at the Detroit repress. Short News. used. And I was limited. From magazine in Canada in Toronto Canada. And we could never have anticipated what's happened to the world because? We read about things like this in history and And you know industry is being so savagely impacted. By everything that's happened and it's it's great that we're talking today because I subscribe to new magazine. you write for the. Your magazine and you've just done this enormous piece interviewing designers about the here and now their lives and. The future of the industry, and that's exactly what was supposed to be talking about today. So that's put certain. I can say to you. Tell us what you've been doing with. China's for the last. Well it started out. You Know Stella Buckby at runs the cut we were talking in now late April I think about like what do we WANNA do? For All this book Ended up being part of the. The main magazine in the preview section of what's happening in the fall. But anyway, we started talking about that and I said, you know I really just I want to talk to the the leading designers you know the the big creative minds and. Where we sort of going I, mean, it just feels different even now and I think about how we all felt what on March second and March third when we were still in Paris in winding up with. No the Balenciaga show in the retail show the last days and felt so innocent but then it felt quite different by the end of April. With Europe. All shutdown down the US at least New York Shutdown So, anyway, everybody you know it's it's Raff Simmons Marc Jacobs. Nikola just gear Mutya Rico Kuba. There's there's twelve or thirteen, and all and Everybody was home. So I had lots of time to talk to them, and they had lots of time and we talked in some cases, three times over the summer or rejects dinner we had emails that kind of thing. So it was fun. Now was there a consensus? Among people what the future holds I think you have a different view specifically of how people want will probably want address. Some bring that up pretty clearly like mmj at. I think a lot of people are really concerned You know the the. What's going on with the fashion system people have been talking about that at Nauseam for a while. So that came up a lot RAFF had a lot to say about that I think they certainly spent the month of March and April thinking a lot about this Marc Jacobs a lot and he put some of that up on Instagram to. You know coming off at incredible show that he did in February in New York and just thinking and you know he he had to lay off people on his designed team and others had take salary cuts. That the problem across the industry. And so they were talking a lot about that, and then of course, Allesandro from Goodie. Brought his his instagram out a one was mid may saying we're GONNA go to two meetings to to runway shows a year. So I think a lot of the stuff has been brewing. Yeah, and the bottom line is I, mean to me. I think it comes through in the pieces. It's all an individual choice. You know like you know Michael Kors has made his decision. What he's GonNa do I think Gucci's made their decision to Michael Burke for this piece is the CEO of Vitale and you know. They're gonNA. You know he thinks that the traveling runway shows the future. So all that concerned about you know how big the shows I think I think in the long run we'll see a I mean in the short run will see. Pause, as as we as we deal with the pandemic and we don't know what quite the end game is on that. So I think we've seen a lot of experimentation in the last six weeks two months with digital perform digital shows and presentations and. I think going forward. You know you know it's a huge industry i. think that's the thing is bleak as it seems is a huge industry.
"nikola" Discussed on Wall Street Breakfast
"And other key events that could impact stocks to set you up for the week ahead in the markets subscribe to this podcast on Apple podcast. Google podcasts spotify stitcher good morning today is Sunday June twenty eighth and I'm your host Cheryl? We begin with a breakdown of the week ahead from seeking Alpha's news team. Fed Reserve Chair Jerome Powell and Treasury Secretary Steven Mnuchin testify before Congress on June thirtieth in what's expected to be a broad overview of the economy monetary policy. The feds John Williams and Charles Evans also have speech is on the calendar and FOMC. Minutes are due out on July first on the economic front reports, factory orders trade balance and manufacturing. M I, all poor in before the June jobs report steals the show on July second. Economists Project A gain of three million jobs during the month to take the unemployment rate to just over twelve percent from just over thirteen percent. If payrolls look for June, the pressure could increase on President Trump and Republicans to pass another sweeping cove. Nineteen Relief Bill. In! The energy markets keep an eye on Bloomberg survey of OPEC June crude production due out, July I. Will any outfit surprises bubble to the surface. In the corporate world, social media pauses by consumer giants like Coca Cola. Hershey and Levi Strauss could be matched by other companies to increase the headaches for facebook and twitter. The market will be closed on July third for the independence break. We gave it a Wack, but couldn't find any pure play. Fireworks stocks to spotlight. In earnings news micron reports, June twenty-ninth, Conagra and Fedex on the thirtieth macy's Capri Holdings. Constellation, brands in general mills. Report on July first Lindsey and Jeffries Report on July second in IPO news IPO pricings are anticipated for double down interactive.
"nikola" Discussed on The Energy Gang
"I think that for Nikola. It's really a you know there's there's a lot of showstoppers. Remy now has to actually continue to build out all of the the hydrogen stations. They just gave them a thirty four million dollar contract to start. The first couple now is from you know, spin out of Statoil. And they're publicly traded. Norway and you know I have no idea how they have a one point. Two billion cap it. I guess nobody's. You know. Living with the laws of gravity and the stock market anymore and. You know they're. They have a lot of unknowns in how they roll things out right and so as you stated before I mean you know some of these folks again. Heiser Bush and others are not to roll out these trucks unless they know they can safely refuel from. You know one location to the drop off point and back. Well color me doubtful about Nikola because of what this company has been talking up without really releasing anything now. This follows the Tesla model. You Know Elon Musk talks up products all the time without having them available, but at least the company has products to show for itself. Along was was producing cars for a year and a half before the company went public, so it's a bit of a different story all the same, both of these CEO's trevor in Elon Musk are both p.t barnum like figures. They believe in talking up their products before actually producing them, and the you know, the hype cycle will carry them forward, so we know Elon Musk. We know his pattern of behavior. We know how he likes to develop and tease products. What about this Guy Trevor Milton Catherine? You've been doing a little bit of digging on him. What's he all about? Yeah, I did something I kind of never expected to do which was to listen to the truck show podcast. Nadeau got me wrong. I used to drive a Toyota four by four so and I learned to drive actually on a pickup truck, but I had never listened to this podcast. It was really interesting. They interviewed Milton for a longtime. He comes across very much as a regular bro. Kinda Guy He grew up. His Dad was an engineer on a train, and he rode the rails all the time. between Utah and Nevada and he said at six years old, an engineer said to him, took him, and showed him how the electric system worked on a locomotive, and they were riding along a highway, and he said some day. We will have the same kind of electric locomotives on the highway, and that was at six years old and ever since then Milton says he's been thinking about that. And dreaming about that and wanting to put what is essentially a train. Jen onto the highway and so. It sounds from his backstory that this is very internalized that somebody who's been thinking about for a long time. He took his hydrogen storage sale. one of his. That funding and started to build this new company which you know, he his attitude is. We're an energy company. We're trying to displace oil companies. We're not trying to be go head to head on trucking and that entire infrastructure we are completely different. We're an energy company we are. We have to own the entire ecosystem whether it's the truck and fuel the service warranty. Warranty, maintenance everything is going to be part of our service, and another interesting thing is is he's only going for like ten percent of the market, which is thirty between thirty and fifty thousand trucks, which would be given you a trillion dollar companies still, but he's not trying to take over the whole market. He's trying to take up a certain segment of the market. The death knell for any company. We're not a trucking company. We're an energy company I feel like all the companies that have struggled have talked about how they're like. They're a broader energy company. We're not a SODA Company. We're an energy soda company. We're lifestyle come. Style so the one thing I would quibble with on that which. Which I think trevor probably believes when he says although I'm not sure I think is the real difference between tasks. Lan, and Nikola, in my opinion on their approaches is that Ilan fancies himself guy who can basically become a PhD in anything he puts his mind to in reads about I. Don't think Trevor Fancies himself. The same and when you look at Nikolas, stock ownership. What he's done is basically outsourced all the engineering to others right so the way that he capitalized his company was he got Bosch. Bosch to do all the engineering, one hundred and fifty million dollars worth of engineering and then wash, then realized that he didn't really have the money to pay, and they converted that into stock and Nikola now they've made three billion dollars on that stock so I think they did pretty well for themselves, and he's done it again with Hawa right so Honda now owns a lot of stock and Nikola, and doing all the engineering you know for Free for these units, and so these units are going. To be the truck industries competitive vision to the Tesla Sammy right and so I feel like everyone thinks that Nikolai is actually the brains behind this, but the brains behind this is actually going to be whoever funds Nikola right, so it's either going to be Volvo or Hawa or Josh or some of these other auto and truck makers, and then separately I think the energy system is absolutely gonNA come from the oil industry, and so he's going to outsource the whole thing to shell or. or BP or whoever else? Because all of those guys would rather US moved to a hydrogen economy, then moved to an electric Konami because they get the fact that even though they're buying into the electric grid, they get the fact that they're not going to really own the molecules like they do in the gasoline and diesel space, and so for years Shell and BP and others have been pushing hydrogen as the solution and so I think you'll see that in this fight between Tesla, Nikola. That the the traditional truck manufacturers are going to hedge investing in Nikola and the traditional fuel producers are gonNA. Hedge investing in.
"nikola" Discussed on The Energy Gang
"Ten years. The cars don't belong to lift. So how are they going to make that happen? It's all electric this. This week. Katherine Hamilton Jaeger Shah. Are My co-pilot here steering this episode with me Catherine's in Washington C.? She is the CO founder of thirty nor solutions. Hi Catherine. You're not in Washington. Why am I still saying you're in Washington DC IN VIRGINIA? You haven't been in Washington and months now I. Haven't I I? Don't go to Washington anymore. I only go places that my two feet can take me. Jigger Shaw is president and Co founder of generate capital. He is in Bethesda Maryland. I presume you haven't been in Washington lately either, but has right there bordering Washington, yeah I never went there anyway, but I do miss my Panera bread where I used to have all my meetings I haven't been there in ages, but. But I never really went to DC anyway. It's a SCHLEP for us to. A reminder to our listeners. We're going to be off for two weeks coming up. WE'RE GONNA TAKE A. Little breather here before the summer or the summer ramps up, so I will be back in mid-july. Episode for the next two weeks. As? We record this Tesla is the number one auto company in the world by market cap that's incredible and electric vehicle maker is number one by the value of its shares. But now another company Nikola Motor has edged into that top ten nickel is developing a hydrogen fuel cell, heavy duty, truck, and a network of hydrogen fueling stations, or it claims to be and a lot of things. Shade has been thrown on this company when it's reverse IPO. Put its market cap alongside Ford. Motor Company's without a single product on the market. There was predictable derision. But it did make Elon Musk start talking about his heavy duty truck model again, and that got a lot of other people comparing fuel-cell models to battery electric models in the trucking space, but what does a Nikola versus Tesla matchup, really look like in heavy duty trucking. If you're looking for a deep dive on the mysteries and the hype of Nikola Motor, you can listen to a recent interchange episode that Shell Alcon and I recorded a couple of weeks ago. We go deep into how the reverse IPO worked, and what the companies claims are and You can just search back a couple of weeks in the interchange fee. But let's talk about. Nikola versus Tesla more explicitly jigger. What are the stakes of this matchup? How badly does the world need cleaner heavy duty trucking well? I think it's important to start. Around health right when you think about when the Cova crisis hit, we all talked about how we had cleaner air and Delhi in La, in other places what they found after doing a lot of research is that in fact, passenger cars have very little to do with dirty air in many of these cities where you have good auto emissions, regulations that in fact, the dirtiest air is really coming from these heavy trucks, right class vehicles and other vehicles, some of which are poorly maintained others of which just need the raw horsepower to be able to move goods and. And services around, and since everyone's been buying just as much stuff as before except it's all getting delivered now, emissions in La haven't fallen as fast as they could have. Because of all the heavy truck traffic, so you're starting to see a lot of interest from the California air resources. Board and others, and frankly from companies that want to do the right thing to say. We've got to figure out how to tackle medal climate emissions, but also our pollution emissions thing come from our heavy trucks and so I think that there was a lot of interest when the. The tests a semi launched, but now there's renewed interest with Nikolas announcement and partnership within Heiser. Bush around. You know, what should we be doing? And what timeline should we be doing it on Catherine? What's going on here? In the trucking world? Why is pollution from trucking increasing? And what's the? What's the need here to address it? Yes, so while twenty three percent of our greenhouse gases are from transportation of full six percent of the total greenhouse gas emissions in the US is from trucking. So this is really important. Sector I think there is a great opportunity to really change. Change it for the safety of certainly everybody, but also the drivers and to try to make sure that we can change the ecosystem such that the drivers are able to get where they need to go more efficiently and in a cleaner way. Are we just buying more stuff that what's happening here? Jigger? What's this? It's not just by more stuff. We've also even though we actually worked pretty hard under the Obama administration to D-. Bottleneck the rail infrastructure. We really haven't put in place all the intermodal infrastructure that we need to be able to keep goods on. Ships and then rail all the way to the end, and so, what's happened is we've continued to use the highway system as the escape valve for all the extra goods and services that we're purchasing right, and so we could, of course just upgrade all of our trains I mean. In fact, coal shipments on trains are way down because we shut down coal plants, but they haven't replaced. Replaced all of that. All that traffic with package is because they don't actually have all the right infrastructure to do it. We'll give him the number of microphones that I've shipped people over the last three months I. Think I've increased carbon emissions from the trucking sector by a percentage point to I think it's worse than that because you actually ship it next day, and so that's that's by..
"nikola" Discussed on Snacks Daily
"This is nick. This is Jack and this is snacks daily. It is Friday June thin. What's going on with all the IPO's this week's knackers? More IPO is. We're going to have to borrow a vowel. So many letters were working through appeal yesterday. Who IPO's Today on Saturday IPO. What's going on our buddy? Timmy's like putting together a syndicate over the weekend. Now. The teaboy ticker symbol better still be. Has To be available smackers. We gotTA keep available in the meantime. Jack I whipped up our best snacks daily effort I. Story of today's Teaboy is zoom. Info. Did you say Zoom Jack Yes? But no I said Zoom Info, so not zoom. We're talking zoom. Info sounds like a suffix, not zoom zoom is a client of zoom in foul and Zoom Info helps you get intelligence on a company before you make a sales. Sales Pitch Stack were looking at the biggest tech IPO, twenty twenty just happened second-story Nikola. It's the first name of Mr Nikola. Tesla Godfather. Electricity has inspired to eccentric entrepreneurs. Nice legacies, knackers. You heard it from US Nikola is the latest cult stock after going public yesterday. The CEO LOVES COMPARING HIMSELF TO TESLA AND AMAZON. You might as well throw Jesus in there to you. Why Not GonNa Stop? You third and final story? Story Jack American Airlines can't make it plain. Depart on time, but it can apparently move the stock market. We noticed the information that American Airlines shared on the travel. Industry has shown the power forward looking data I, I said one hundred times butts in seats are investors treats butts in seats, investors truths knackers before we jump into all that wonderful staff. We gotTA talk about another big number here five hundred as in the. The fortune five hundred five hundred companies in the fortune, five hundred fortune five hundred is the five hundred companies with the most revenue annually Walmart is number one in has been for many years. That's a big number, but there is a smaller number and that number is four four is the number of companies in the fortune five hundred that have a black CEO four out of five hundred, not a fraction. That sounds good. Snack facts and in from Quinn in lovely Batesville Arkansas, thank you for sharing. quit the only four fortune five hundred companies with BLASIO's. Our lows Merck TA and tapestry, and since there's only four, we figured we'd do a quick biography of those four CEOS who are incredibly outperforming people shocking I jumped in snack style went through wikipedia aggressive here. Jaide Xilin is the CEO of tapestry that company had Kate Spade John was born to a single mother in Nigeria before being adopted at the age of five by an American family got ended up with a bunch of degrees from amherst all the way up to. And is now running all the pocket books over a Kate Spade. All right number two is Ken Frazier. The head guy at Merck grew up in Philadelphia big question, Gino's or PAT's. He can answer that later and Ken. Bust Ninety minutes a day as a kid to get to school where he was one of just nine black children in in the school. Oh, by the way while they're ended up graduating high school at Fifteen, I was graduating guitar hero when I was fifteen jack I was like putting a Mentos and Coca Cola's before Lacrosse. Lacrosse practice that some adversity third on our list is Roger. Ferguson, the CEO at Ti, he went to Harvard, but wasn't just studying at Harvard. No, he cleaned bathrooms to pay for tuition and end up getting an economics degree, and then you got Marvin Ellison over at Lowe's homegoods grew up in a poor family with six siblings in segregated Tennessee knackers. Cheers to all four of these legendary role models who are making up that four out of five hundred fraction. They're trailblazers. They defied incredible odds and they are leaders. What's hit our three noise? Daily. Way. Snack. Foods Candy. They don't reflect the views. Her family is stolen formation just so. Recommending any security snow, it's not a research report or investment advice, Natta, offer or sale of security by. Just business news video. Financial LLC member finres. IPC. For our first story Nikola, just kind IPO and this company has all the ingredients for a cult stock. Little flower little used little water. It's all you need is a beautiful but little unbridled enthusiasm. Exactly the key secret ingredient now snappers Tesla. Code in two thousand ten people thought the idea was kind of crazy Nikola IPO yesterday. We think the idea is kinda crazy, and that's because the CEO. Talking about Tesla, he pulls a mind. Trick here because Nikola. Tesla is the Serbian American inventor of like electricity. So you got the CEO of Nikola obsessed with talking about Tesla. It's like Whoa Nick is burberry fifty bucks nuts, actually a slurry a slur when you're walking around, so it's probably slur. Nikola just snuck its way onto public stock markets by merging with a shell company pull the old Switcheroo, basically those an existing publicly traded company, and then they be back their way into it through a merger lake, sneaking into a club like through the door because your buddy works at the bar and you let the little thing held the door. Door Open. No alarm sounded. We're done talking about that weird merger. Thing is going to talk about the company Nicholas. KNACKERS Nikola was a startup founded in two thousand fifteen in lovely Phoenix Arizona I'm telling you there is more innovation happening in Phoenix Arizona than like anywhere else in the country Jack. Preach, golf, you got dry heat and he got autonomous vehicle laboratories, and you got Scott from God style guy now. Eventually this company plans to make its electric and hydrogen powered tractor trailer trucks. Actually thing right now. They just have prototypes, and we have to admit they look awesome. Honestly, it's like they gave the team over at hot, wheels. Cars a lot of red bull, and said go crazy. Eventually these things are going to be hall and red bull across the country with tractor trailers, and if you check out their website, they're also planning to develop Jetskis, Dune buggies and up trucks I one of those tech companies that feels subtly influenced by Winnebago for some reason, it makes no sense, yeah, now besides the design, they're going to differentiate themselves with their electric engines, and eventually they're hydrogen fuel cell, hydrogen fuel cells, being the kind of engine that is greenhouse gas emissions just. No fossil fuels allowed at Nikola. Funny thing about Nikola Jack, and I noticed Nikola doesn't build trucks until the customers have already signed up for the trucks. You show me the money. I'll show you the Pradesh. Rigamonti. Has Bush for example. They make a lot of budweiser. They've signed up for eight hundred Nicholas. Ton of Bud light they figure they might as well sign a deal to get like the first fleet of Nikolas eventual, but here's the thing about that. Nikola Client Budweiser has ordered forty Tesla Semis the competitor Nikola that's right I always forget. The Tesla's got tractor trailer coming that they announced like two years ago, but hasn't seen the road, and that means that Budweiser is one day going to be eventually say they've got US fleet of Nikola. Nikola Tesla's. That's true now before we get too excited about Budweiser's Nikola Tesla's. Let's remember. Neither Nicholas nor Tesla have put one of these tractor trailer trucks on the road yet. We're going to highlight that as a red flag, no product yet so Jack. What's the takeaway for our buddies? Over at Nikola Nikola is latest cult stocks knackers. Let's go through the checklist. Charismatic Leader Check Revolutionary Product Shack, how about the tons of attention on Reddish? SNACKER NIKOLA IS PRE Revenue Aka no revenue yet and they've got no trucks on the road. They haven't made a buck, but don't worry. They plan to have their first electric powered semi on the market by twenty, twenty, one likely before Tesla semi, and then their first hydrogen powered semi-truck two years later by twenty twenty, three Oh by the way another kind of thing, we should flag care. Hydrogen trucks require hydrogen fueling stations that don't exist yet, you. You can't pull over at one of those travelcenters at Exit Sixteen and fill up your hydrogen engine, and he had Jack and I've noticed that Nicholas. Stock has tripled in the last two months in anticipation of that whole reverse merger thing that just went down yesterday called stocks lots of hype, but not necessarily something that Nikola Tesla whatever by four our second story yesterday we told you about the biggest of the Year Warner. Music Aka the Bruno Mars. Were telling you about the biggest tech IPO of the year, Zoom Info, which just Jim Seventy percent on its.
"nikola" Discussed on Tesla Daily: Tesla News & Analysis
"About being You can package it. However you want. You can order it as a fuel cell and battery, or just as a battery, and then add fuel cell later, so a lot of customers that don't have the hydrogen in their city at don't order. It is a battery electric and two three years down the road. They can put the fuel cell in it. If they want to. It's fully upgradeable. And that was an interesting one because it was really catered to the the work. Mark the Ford F one fifty market big market where people are buying trucks for business, not necessarily like the consumer market where. kind of like the Ravens. The Ravens are very consumer oriented market like a lot of lifestyle studio borders. You know outdoor guides. All that like Nikola was all about the consumer commercial vehicle market so F, one fifty off-road pulling trailers hill down Dow. It'll be done with a with a partner another oem that'll be announced. Sometime here shortly. Don't know the day yet, but it work. We're pretty far into lighted to. Essentially knowing that went down. And that OEM actually build it service at warranty and sell for us. And that's what's so. We won't do any of that. We won't have to do any of that. The next product lines are are a little bit down the chain or more offer like they're kind of more of a consumer product. That's more for me is what I call the way to communicate with our shareholders. So a lot of investors, no never touch us in my truck never will never go for a ride in his semi truck. They'll never wanNA drive a semi truck. So the way that we communicate with our investors through the through the other products that we have nets the off road, E. T. net zero tol- is what it stands for, and that is the off road jeep all zero. It's all a battery electric over one hundred kilowatt hours two to three hundred miles on a charge and is made you know Scott twelve you know seventeen to twenty inches of travel, so it's just this total offroad beast made to go sixty miles an hour around the desert or one hundred miles an hour. Whatever if you want to die? And, then and then the last one would be as the is the watercraft Nikola wave and that's an electric wave runner and. The I love the lake might my instagram name is linked Paul Trevor, and so I made hardcore I..
"nikola" Discussed on Fusion Patrol
"And anything from from anywhere and anytime could just turn up. Yeah I I think here. I think you've nailed a point there that that one when she he said. Why have you come to nine hundred nineteen one or whatever it was Earth it does it does make it feel like you know this is i. I don't know that they've been searching for this place and Nicholas Tesla was good but he's not that good. There's got to be if you've got if you travel technology. The time travel technology. You can definitely find somebody better than Nicholas Tesla to fix your spaceship if you're if you're in if you're in nineteen nineteen hundred s time in the United Milky Way or whatever may be Nikola Tesla is the best nearest thing. There is because they have unusual spaceships. And that's not that far away good and then attack the Venetians might not be as smart. Nikola Tesla we don't know a lot about them if they can make spaceships yet but you know they still might be ships. Take Nikola Tesla a bit more funding. And he'd have been making stations. They did have other aliens us the guns they had at least they had a silver looking gun. That looked familiar to me but I couldn't place it and I was like see they just they just raided the prop department have saved a little money. Which is fine but Yeah they did have a mishmash of of pistols but they made it. They made it a point of using the CY Laurie and when when they could have had that one yeah I think the other. I'm not trying to pick a million I I just. I will say this whenever they do the whole Oh. They're projecting an illusion of looking like a person the they're really a six foot giant Scorpion. OPEAN with a big tail that that is horizontal to the ground rather than vertical. Like a human How exactly does that work? Mark when they're walking through human doorways and when they're trapped in a little tiny man sized circle of fire and et CETERA. There's still that big right. They're not it's not like the farting slee. And yes. I think now because it's all on the other hand I didn't didn't say it wasn't that much bigger than the guy when they trapped him. Straight line was net. I've other Nah. I thought they made him step into circle. Yeah he's easing easing a small circle of fire that they put around him so he couldn't retreat. Okay and and why hide their appearance. Yes but maybe I don't know I guess I guess it serves a purpose when they're looking to find Tesla and they can zap people with their hands. So do they need the guns. I just I just look at that. Oh I'd love to say that but actually at the time not didn't bother me and I'm thinking what were the accused made me feel. That wasn't a problem. I kind of think that when he's in Edison's lab and he electrocute everyone. It's not a it's not a controlled told the queen conduct people but he just seems to be almost. He's almost surprised by what he's seeing going on between his hands right. And then it just sort of leap out from it and kills everyone because this is you say there isn't an obvious reason for him to to do that is in what does he gained from it whereas if it was if it was a denies some some combination of natural abilities combined bind with the the environment or whatever that he's just experimenting with I may have surprised him as much as anyone else. I guess I just play I just looking at it like. Why are these things happening in this story and and the answer that keeps coming back to me is that it's for spectacle isn't quite the right word but it's it's not there to make sense it's there to amp up the danger or to to give us a moment where Edison actually gets to appear to be human? You only know dinner with that guys one which I like the families and the bottom line is this is a character piece. It's not it's not the kind of thing it's it's character taste..
"nikola" Discussed on Bedtime History: Inspirational Stories for Kids
"So Nicola Tesla's next job was in Paris working for one of Thomas Edison's power companies. Thomas Edison was a famous inventor known for designing the LIGHTBULB among other inventions from their tesla moved to America and got a job working directly with Thomas Edison. He was very poor at the time and arrived arrived in America with only a few cents pocket and a few poems he'd written unfortunately his work with Thomas. Edison didn't last long instead. Tesla took his ideas to Edison's competitor. George Westinghouse who bought his idea for the alternating current Dinamo direct current is what Thomas Edison used. I worked by sending an electrical current one way but Tesla's idea was to switch directions. The current was sent to this day. Tesla's alternating current is is used more than direct current. Next Tesla's started his own lab experimented with ideas that help pave the way for the X.. Ray He also created the Tesla coil which was later used for sending radio waves through the air for radios and television. It was around this time that the world's Columbian Exposition was to be held in Chicago in eighteen. Ninety three this was an enormous world's fair where people from all over the world would visit Chicago to see it exciting conventions and experience new things. It's also started a competition between Thomas Edison and the Tesla over whether AC alternating alternating current or DC direct current would be used to power the huge world's fair in the end Tesla's alternating current won the match and was used used to power the world's Columbian Exposition. Tesla went on to create the first hydroelectric power generator and Niagara Falls. New York hydroelectric. As when water power is used to create electric Texans. Next big project was a huge electrical. Go Tower in Long Island New York which he planned to use to send radio waves all around the world. It was called Gordon Cliff Tower at this time. A different tower was being built by googling. Omo Marconi to do a similar thing Tesla got started on his tower. The Marconi beat him by sending a signal across the Atlantic Koshin. First this caused the people paying for Tesla's tower to change their minds causing the project to fail. Nicola continued to come up with new ideas but most of Zion state in his notebooks and he didn't get a chance to actually build them for anyone who listened to the last bedtime history episode about Mark Twain. You'll be interested to know that. Mark Twain and Tesla were friends while growing up Tesla. Read many Mark Twain's novels so he was excited. Did the finally meet him after. Moving to America Twain was interested in Tesla's inventions and often visited his lab and participated in experiments. He also gave him money to help with his new inventions later intestines life. He won awards for his past inventions in nineteen thirty seven when he passed away. Many around the world mourned his death. Someone was quoted in saying that he was one of the outstanding you can elect of the world who pave the way for many of the technological developments of Modern Times Nicola face many difficulties in his life and even failure but he continued to learn and apply his mind to designing new things and improving the world around him like Tesla. You can be curious about about the world around you in school. He saw the power of electricity and wanted to learn how it worked. He found new ways to use it to improve the lives of people all over the world learning learning how to invent an improved things is a combination of learning how the forces in the world work called physics and what things are made of called chemistry and then using creativity to apply this knowledge to the world. This is why it's a good idea to pay attention in school and take the time outside of school to dig deeper and really understand how the world works..
"nikola" Discussed on Inquiring Minds
"Hog it got a nice you know apartment in the waldorf astoria he was eating fully dinner that del monaco he was befriending you know john muir and and worked twain back to those two were buddies that's a whole nother story but it all sort of came to a point where it disappeared import simply because of his idealism and his lack he was a great inventor but he was a horrible businessman and a horrible negotiator so after niagara falls george westinghouse was a little bit strapped for cash they spend a lot of money to demonstrate this project and also the economy was turning a little bit band in so j p morgan and other new york bankers thought this was a great opportunity to sort of take away george westinghouse's company so westinghouse needed to figure out some way to reduce his expenses and one of the largest ones what's his royalty that he was paying to nikola tesla for these motors that he would produce so he goes to tesla this is how tesla tells them and says i'm in trouble you know can you help me and tesla idealist that he is you know turns to westinghouse and said you have been my friend all this time and you are the one who is going to bring my invention that's going to improve the world you're going to make it into fruition and so allow me to tear up this contract with probably hundreds of millions of dollars would have flowed from that he had everything in his favorite yet the patents he had the contract and from idealism and you know friendship he tore it up and and basically sacrificed the money and you know for the rest of his life and at the end he actually was declared bankruptcy and died almost penniless that's obviously how he his name sort of became a raised from literacy made these bad business decisions but he was so prolific i mean you talked about how more coney at the at the beginning was credited with radio but tesla had a hand in that and radar and robotics is you talked about xrays how did he become a foot new to all of these stories that he had a hand in the technology developing i think it's a bit of a puzzle to be quite honest with you which is one of the reasons that sparked me just to write a biography about him impart it's because he was a little quirky not only was he this bad negotiators that gave up an opportunity to have you know successful business but i mean he had some quirks i mean he you know hated jewelry on women he would get a fever if he saw a peach he would have to count his step so that they were divisible by three otherwise you'd have to do the whole thing all over again but i think at the core the difference is largely that what he gave us were system that sort of underlying or service the foundation for our economy and consumers like you and i don't always notice them so oh he gave us an electric motor they obviously run our elevators they run on our appliances real don't really see them thomas edison gave us an incandescent light bulb we know what that is he gave us a phonograph we look at that so i think that some of it is that just what they provided to the world we're on different levels and what tesla provided were more fundamental more systematic that people couldn't see and through a pre she ate and that's my inner sort of take us to one of the reasons that he became less well known at least in the united states in the regions where he was born in the balkan countries he is considered still an icon almost you know a hero but here in the united states it would be my guess that he was just you know on a different level of inventing how did tesla see all.
"nikola" Discussed on Inquiring Minds
"Tesla is a name we see everywhere these days cars companies heck i even know of three pets that have that name these days nikola tesla's become a darling of silicon valley where his spirit of invention is celebrated daily that resurgence is largely due to all of his contribution so there is alternating current for sure but he also had contributions to radio radar xrays wireless technology which i found crazy even robotics and yes the web comic the oatmeal had a huge hand in the popularization with that fateful web comic and fund raising campaign for the tesla museum but tesla the man died penniless was quickly erased as one of the smartest and most famous people of his time and while we focused on the inventions we often don't talk about tesla the man have you noticed this strange resurgence over the past ten years because tesla's not a name we heard much about before let's say like two thousand yeah i know it seems like yeah i mean i i don't know if this is something that we can blame you on musk for or people are like it's like name recognition all of a sudden but certainly yes he's he seems to have grown in our kind of in fame in the history of science in the last decade more so than he did in the previous five decades and you can imagine a inventor that that is that prolific is probably a strange dude and guess what nikola tesla lives up to every bit of that and that's why this week we have on richard munson he's the author of several books he currently directs the environmental defense fund clean energy efforts in the midwest but his newest book is tesla inventor of the modern which chronicles his life from growing up in serbia to his time in the us wasn't there a recent movie out about tesla shirt there's been multiple movies about tesla but my favorite is the prestige yes is that with benedict cumberbatch no that one this one has wolverine and i am batman in okay well yes i feel like if someone hasn't cast benedict cumberbatch is tesla they should because to me he'd be like the perfect you know weird dude well thanks for joining us on indre and sure try to remember movies so with that let's take a short break and we'll be back with.
"nikola" Discussed on Historical Figures
"Oh he was a us citizen the fbi actually sees tesla's belongings under the alien property act tesla had died without much money and lost his fame still almost seventy five years later the legacy of nikola tesla lives on in the final analysis alternating current one out because it was a better system even edison's company had switched over to tesla's alternating current google founder sarah gay brennan larry page are said to be fans of tesla in fact page reportedly decided to become an engineer after reading a biography of tesla when he was twelve years old and of course there is billionaire yuan musk when it came time to name his electric car company he chose tesla motors now when we hear the name tesla we think of innovation and cutting edge technology which is as it should be as it honors the memory of and in near and inventor nikola tesla thank you for joining us for another episode of historical figures the new episode comes out every wednesday so don't forget to subscribe to historical figures on i tunes soundcloud stitcher google play spotify or your favorite podcast directory and while you're there leave us a fivestar review you can also find us on facebook and instagram at par cast and on twitter park cast network poor through our website park has to dot com that's p a r c a s t dot com as always we thank you for listening historical figures was created by max cutler it is a production of cutler media and is part of the park cast network it is produced by mackson ron cutler sound design by kenny hobbs with production assistance by carry murphy.
"nikola" Discussed on Historical Figures
"It made tesla very comfortable tesla teaming up with westinghouse began what was called the war of the currence with addison on one side and westinghouse and tesla on the other edison wasn't going down without a fight which is not surprising because there were millions and potentially billions of dollars at stake edison claimed that tesla's alternating current was dangerous because of the high voltage he secretly enlisted the help of an engineer named harold brown who gave demonstrations against alternating current that were quite gruesome cowger some they often included the electrocution of dogs and other animals then brown in edison took it a step further new york legislators were influence to change the method of execution in the state to the electric chair banned not surprisingly brown secretly funded by edison designed this cheer to work on alternating current the theory being this is a method we used to put killers to death it shouldn't be allowed in our lives and homes and were the electric chair ready convicted murderer william kamler was sentenced to death by alternating current westinghouse fought back hiring a top lawyer to overturn camlar's sentence even taking it to the supreme court but edison one out on august sixth eighteen ninety convicted murderer william kamler became the first man legally executed by the electric chair thanks to the intervention of harold brown the chair was powered by westinghouse generators created with tesla's patents but it wasn't instantaneous it took four minutes for camlar to die it was gruesome and colloquially death by the electric chair was called being westinghouse however in this difficult time tesla made what he considered to be his greatest achievement on july 30th eighteen ninety one 35yearold nikola tesla became an american citizen tesla often said that he valued his certificate of naturalization above all the other honors he received in his life and those honours were about to come the eighteen 93 world's fair in chicago was planned as the first.
"nikola" Discussed on Historical Figures
"And edison was the master of direct current the major drawback the current could not be carried over long distances basically all the lighting had to be within one mile of a power plant because each individual electron had to be able to travel in a loop to the light and then back to the plant however with tesla's alternating current the electrons would barely half the move at all so he built his motor in november and december 1887 test patented a complete system of alternating current generators transformers transmission lines motors and lighting for seven patents total and on may 16th eighteen 88 thirty one year old nikola tesla stood before the prestigious american institute of electrical engineers at columbia university using handwritten notes he delivered a lecture a new system of alternating current motors and transformers as part of his demonstration he showed off his induction motor it's not exaggerating to say that tesla's presentation that day began a new era in technology pittsburgh industrialised george westinghouse heard about the lecture and realize this could be the missing link in long distance power transmission he came to tesla's lab prepared to offer him up to a million dollars for the seven patents in the final deal tussle took sixty thousand dollars and one hundred fifty shares of stock in westinghouse corporation upfront along with a royalty payment of two dollars in fifty cents for every horse power of electrical capacity seoul it was a deal that would have made tesla one of the world's wealthiest men would've let's not get ahead of ourselves at this point.
"nikola" Discussed on Historical Figures
"Who asked him to design improved arc lighting for the hazardous streets in factories that wasn't the opportunity tesla was looking for but the group was willing to finance the tesla electric light company so he took it in 1887 when he was thirty one years old tesla set up shop in his new lab at eighty nine liberty street although the company was focused on street lighting he returned again to his research on an alternating current motor he had a plan but still no working motor but he was confident he knew how to build it because nikola tesla believed he had a very unusual gift at first he considered it and affliction but since childhood tesla experienced strange visions he'd see strong flashes of light followed by images and scenes so vivid that he couldn't tell if what he was looking at was real or imagined one such vision was of the induction motor in budapest throughout his life no doctor was able to explain the phenomenon to him the only explanation tesla himself could come up with is that his brain was thinking so much about something that it was actually putting images on his retina for him to see i'm not sure physiologically make sense but that worked for tesla he was convinced that once he had visualize something he could make it a reality so with that in mind tesla began to build the machine he saw in his vision in hungary years before he was out to change the world at that time in new york city direct current was the only game in town.
"nikola" Discussed on Historical Figures
"Caused him pain and agony when he walked in the sun the bright raise beating down on his head stunned him when the doctors and budapest didn't have a clear diagnosis many people thought tesla was experiencing a nervous breakdown but as mysteriously as the illness appeared it went away suddenly nikola felt vibrant and filled with energy able to comfortably spend time outside again tesla took long walks with his friend anatol where they would discuss the idea of an alternating current motor which tesla was still puzzling over man that was on one of those walks where inspiration struck nikola tesla he was walking through a park at sunset with a friend reciting poetry quote the glow retreats done as the day of toil it yonder haste s new fields of life exploring uh that no wing can lift me from the soil upon its track to follow follow oh soaring and quote as he began quoting lines from gert to faust suddenly he had a vision he later said the idea came like a flash of lightning he picked up a stick and started drawing what he saw in the sand it was what we know today as the induction motor now for a favorite of ours here at par cast our friend greg hosts of bone chilling new podcast called haunted places every haunted place on earth has a frightening real backstory and every other week gray gives an audio tour of a new haunted place and it's haunted history he tells spooky legends weird histories and spinetingling tales of the supernatural and taunted places is also a podcast podcast par cast is the production company that makes historical figures so you know will be extremely entertaining and produced the park has team of writers and researchers delved deep into the details stories of death neglect and unresolved fates that linger in the fabrics at these haunted places checkout episodes covering the see so hotel and marilo right now new episodes come out every other thursday so subscribed to haunted.
"nikola" Discussed on Historical Figures
"Being an engineer and he didn't seem cut out for priestly duties reverend tesla gave nicolotte the job of ringing the church bell on sunday on the first sunday he rang the bell perfectly fine he raced down the stairs in the belfry ready to make his father proud when he stepped on the mayor's wife skirt and ripped it off her body works here's another sign later when he was about six or seven nikola attended the demonstration of the town's new fireengine the holes of the engine was plunged in the leak but despite the best efforts of the captain and the crew no water was produced sixteen firemen were unable to get the host to work nikola plunged into the icy waters and was able to straighten out the collapsed section hose saving the day though his father wanted him to be a priest and nikola wanted to be an engineer that choice was years away he had many years of school to attend he attended public school for four years in goss beck where his family moved in eighteen sixty two from there it was on to the real gymnasium of karlstad in austria where he worked with mechanical models for the first time and built his first turbines he was also excelling in math one time is teacher accused him of cheating because nikola was able to perform calculations in his head faster than the teacher could write them on the board tesla graduated from the gymnasium in austria in eighteen 73 at the age of seventeen at that time a cholera epidemic was sweeping his home country so his parents urged him not to return lonely guest he returned anyone who at immediately caught cholera but this grim news ultimately became a blessing in disguise because nikola use the illness to get a concession from his father reverend tesla promised his on that if he survived he could attend the famous austrian polytechnic school at grotz to study engineering with that on the line nico was going to do everything in his power to pull through handy did but not before taking a year off to restore his health once enrolled at he studied mechanical and electrical engineering was no surprise he chose that course of study electricity had been an obsession of nicholas since he first saw at just three years old.
"nikola" Discussed on Historical Figures
"Sl possess at the same time nico received daily training from his father is father would have him participate in various exercises of the mind guessing one another's thoughts repeating long sentences or performing mental calculations tesla concluded that these lessons were beneficial in strengthening his memory and developing his critical reasoning it was all it dill iq until one day his older brother dane who is parents considered the family genius went horseback riding there was an accident and sadly dane was killed it was a crushing blow to the tesla family and it would reverberate for nikola his entire life some reports say he saw the accident and others that young nicholas spooked the horse causing it whether or not nikola was involved losing his brother devastated the young boy he felt an obligation to make up for his parents loss and alleviate their said witness he also felt an overwhelming sense of guilt that he and not dane had survived later tesla would confessed that he was driven to mental exhaustion trying to prove himself worthy of his parents love he said quote anything i did that was credible merely 'cause my parents to feel their loss more keenly so i grew up with little confidence in myself it is speculation but given his strange behavior in later years many concluded that tesla had obsessive compulsive disorder recent studies have linked the onset of oecd with significant traumatic events so it's very likely this incident spurred the start of the disorder and this traumatic incident could be the root of that affliction after his brother's passing there was more tension at home between nikola and his father now the only son nikola was expected to follow in his father's footsteps by becoming a priest but young nikola had his heart set on.
"nikola" Discussed on Historical Figures
"Nicholas father milutin tesla was a priest in the serbian orthodox church he worked in a local parish in the village of s million which is located between the attic c and the velebit mountains milutin was also a writer and poet he prided himself on his prodigious memory the joke that if all the classics of literature were destroyed he could restore them from memory the learned priest kept a large librarian the house and nikola who began reading at a young age was soon caught up in the books he red constantly no matter what time of day it was milutin tesla was afraid the young nikola affectionally called nico would ruin his eyes reading at night so he took away all his sons candles but nikola would not be deterred he made his own candles from scraps of wax and then stuffed rags under his bedroom door of no light would escape and alert his father sal sounds like an early sign of that industrious inventive spirit i think so though nikolas life was dull books when he was growing up the family home was a small farm and he spent hours playing with the animals and enjoying the outdoors be also played with his siblings nikola had an older brother duane older sisters milka and angelina who looked after him he also had a younger sister marija watching over the whole brood was tesla's mother georgina better known as jukuns although as a woman she had been deprived of a formal education she possessed a memory that was as impressive as her husband's and often would recite serbian poetry to the children at night georgina came from a family of inventors and she had a knack for invention as well young nikola saw his mother built tools and small machines like looms and even a mechanical kitchen mixer to ease the burden of keeping up with five kids and a farm tesla later road i must traced to my mother's influence whatever inventive.