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Nikola launches orders for the battery-electric Tre in Europe

Credit: Nikola

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Nikola Corporation has launched the European version of its heavy-duty battery-electric Class 8 truck, the Tre, in Europe today in collaboration with its transport partner IVECO. Nikola will officially accept orders for the fully-electric, zero-emissions Tre semi-truck starting today.

Nikola and IVECO announced today at the IAA Transportation 2022 event in Hanover, Germany, that the European 4×2 Arctic version of the Tre BEV is officially available for orders. It features nine batteries for total energy storage of 738 kWh, giving the vehicle a range of 530 kilometers, or roughly 329 miles. The truck also features 480 kW of continuous power to the FPT Industrial e-Axle, Nikola said, giving the vehicle enough torque and power to handle the most grueling hub-to-hub deliveries in a regional setting.

During the company’s Q2 Earnings, Nikola said in its Shareholder Deck that it launched a joint venture with IVECO that included engineering and production development. It also mentioned that both Nikola and IVECO planned to begin production of the Tre BEV in Europe in the second half of 2023. With orders just being placed, it gives Nikola roughly a year to begin production of the Tre BEV for the European market.

Nikola’s recently-appointed President, Michael Lohscheller, commented on the development:

“The Nikola Tre battery-electric and fuel cell electric zero-emission trucks are true game changers in commercial trucking. Specifically developed as electric vehicles, they deliver the performance and driving experience able to compete with their diesel-powered peers in the toughest heavy-duty missions. They offer operationally and financially viable zero-emissions solutions for regional applications and long-distance hauling that will give customers a true competitive advantage.”

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IVECO Group Truck Business Unit President Luca Sra also commented on the announcement of the Tre BEV’s order log opening:

“Today we are making history with the first products for the European market of IVECO’s powerful partnership with Nikola Corporation. Together, our teams have designed a modular platform capable of hosting both fuel cell and battery propulsion technologies, starting with the European 4×2 Artic version of the Nikola Tre BEV heavy-duty truck making its debut here today. It is the first-ever electric-born modular platform for articulated heavy-duty tractors hosting both energy sources: battery-electric for missions of approximately 500 km and fuel cell electric powertrain for hauling up to 800 km in its first generation. A true revolution that marks a tangible step towards our ambitious goal of achieving a zero-emissions transport.”

The Tre is in no way a new vehicle to the global automotive market as Nikola started production and deliveries of the semi-truck in the United States earlier this year. In Q2, Nikola built 50 Tre BEVs at its factory in Coolidge, Arizona, delivering 48 of those units.

Nikola has made a dramatic turnaround from where it was just one year ago. After assuming new leadership in its CEO roles and mixing up various other positions, Nikola has launched production and deliveries of the Tre this year, which is likely more than anyone thought the company would be capable of.

I’d love to hear from you! If you have any comments, concerns, or questions, please email me at joey@teslarati.com. You can also reach me on Twitter @KlenderJoey, or if you have news tips, you can email us at tips@teslarati.com.

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Joey has been a journalist covering electric mobility at TESLARATI since August 2019. In his spare time, Joey is playing golf, watching MMA, or cheering on any of his favorite sports teams, including the Baltimore Ravens and Orioles, Miami Heat, Washington Capitals, and Penn State Nittany Lions. You can get in touch with joey at joey@teslarati.com. He is also on X @KlenderJoey. If you're looking for great Tesla accessories, check out shop.teslarati.com

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Tesla expands its branded ‘For Business’ Superchargers

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Credit: Francis Energy

Tesla has expanded its branded ‘For Business’ Supercharger program that it launched last year, as yet another company is using the platform to attract EV owners to its business and utilize a unique advertising opportunity.

Francis Energy of Oklahoma is launching four Superchargers in Norman, where the University of Oklahoma is located. The Superchargers, which are fitted with branding for Francis Energy, will officially open tomorrow.

It will not be the final Supercharger location that Francis Energy plans to open, the company confirmed to EVWire.

Back in early September, Tesla launched the new “Supercharger for Business” program in an effort to give businesses the ability to offer EV charging at custom rates. It would give their businesses visibility and would also cater to employees or customers.

“Purchase and install Superchargers at your business,” Tesla wrote on a page on its website for the new program. “Superchargers are compatible with all electric vehicles, bringing EV drivers to your business by offering convenient, reliable charging.”

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The first site opened in Land O’ Lakes, Florida, which is Northeast of Tampa, as a company called Suncoast launched the Superchargers for local EV owners.

Tesla launches its new branded Supercharger for Business with first active station

The program also does a great job at expanding infrastructure for EV owners, which is something that needs to be done to encourage more people to purchase Teslas and other electric cars.

Francis Energy operates at least 14 EV charging locations in Oklahoma, spanning from Durant to Oklahoma City and nearly everywhere in between. Filings from the company, listed by Supercharge.info, show the company’s plans to convert some of them to Tesla Superchargers, potentially utilizing the new Supercharger for Business program to advertise.

Moving forward, more companies will likely utilize Tesla’s Supercharger for Business program as it presents major advantages in a variety of ways, especially with advertising and creating a place for EV drivers to gain range in their cars.

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Tesla Cybercab ‘breakdown’ image likely is not what it seems

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Credit: TslaChan | X

Tesla Cybercab is perhaps the most highly-anticipated project that the company plans to roll out this year, and as it is undergoing its testing phase in pre-production currently, there are some things to work through with it.

Over the weekend, an image of the Cybercab being loaded onto a tow truck started circulating on the internet, and people began to speculate as to what the issue could be.

The Cybercab can clearly be seen with a Police Officer and perhaps the tow truck driver by its side, being loaded onto, or even potentially unloaded from, the truck.

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However, it seems unlikely it was being offloaded, as its operation would get it to this point for testing to begin with.

It appears, at first glance, that it needs assistance getting back to wherever it came from; likely Gigafactory Texas or potentially a Bay Area facility.

The Cybercab was also spotted in Buffalo, New York, last week, potentially undergoing cold-weather testing, but it doesn’t appear that’s where this incident took place.

It is important to remember that the Cybercab is currently undergoing some rigorous testing scenarios, which include range tests and routine public road operation. These things help Tesla assess any potential issue the vehicle could run into after it starts routine production and heads to customers, or for the Robotaxi platform operation.

This is not a one-off issue, either. Tesla had some instances with the Semi where it was seen broken down on the side of a highway three years ago. The all-electric Semi has gone on to be successful in its early pilot program, as companies like Frito-Lay and PepsiCo. have had very positive remarks.

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Tesla reveals its first Semi customer after launch

The Cybercab’s future is bright, and it is important to note that no vehicle model has ever gone its full life without a breakdown. It happens, it’s a car.

Nevertheless, it is important to note that there has been no official word on what happened with this particular Cybercab unit, but it is crucial to remember that this is the pre-production testing phase, and these things are more constructive than anything.

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Investor's Corner

Tesla analyst teases self-driving dominance in new note: ‘It’s not even close’

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Credit: Tesla

Tesla analyst Andrew Percoco of Morgan Stanley teased the company’s dominance in its self-driving initiative, stating that its lead over competitors is “not even close.”

Percoco recently overtook coverage of Tesla stock from Adam Jonas, who had covered the company at Morgan Stanley for years. Percoco is handling Tesla now that Jonas is covering embodied AI stocks and no longer automotive.

His first move after grabbing coverage was to adjust the price target from $410 to $425, as well as the rating from ‘Overweight’ to ‘Equal Weight.’

Percoco’s new note regarding Tesla highlights the company’s extensive lead in self-driving and autonomy projects, something that it has plenty of competition in, but has established its prowess over the past few years.

He writes:

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“It’s not even close. Tesla continues to lead in autonomous driving, even as Nvidia rolls out new technology aimed at helping other automakers build driverless systems.”

Percoco’s main point regarding Tesla’s advantage is the company’s ability to collect large amounts of training data through its massive fleet, as millions of cars are driving throughout the world and gathering millions of miles of vehicle behavior on the road.

This is the main point that Percoco makes regarding Tesla’s lead in the entire autonomy sector: data is King, and Tesla has the most of it.

One big story that has hit the news over the past week is that of NVIDIA and its own self-driving suite, called Alpamayo. NVIDIA launched this open-source AI program last week, but it differs from Tesla’s in a significant fashion, especially from a hardware perspective, as it plans to use a combination of LiDAR, Radar, and Vision (Cameras) to operate.

Percoco said that NVIDIA’s announcement does not impact Morgan Stanley’s long-term opinions on Tesla and its strength or prowess in self-driving.

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NVIDIA CEO Jensen Huang commends Tesla’s Elon Musk for early belief

And, for what it’s worth, NVIDIA CEO Jensen Huang even said some remarkable things about Tesla following the launch of Alpamayo:

“I think the Tesla stack is the most advanced autonomous vehicle stack in the world. I’m fairly certain they were already using end-to-end AI. Whether their AI did reasoning or not is somewhat secondary to that first part.”

Percoco reiterated both the $425 price target and the ‘Equal Weight’ rating on Tesla shares.

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