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Nikola unveils five new zero-emissions vehicles at Nikola World 2019 event

Nikola Motor unveils 5 new products at Nikola World 2019 event. | Credit: Dacia Ferris/Teslarati

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Nikola Motors unveiled its Nikola Two and Nikola Tre hydrogen-electric semi trucks along with three other new emissions-free transportation products at its Nikola World 2019 event. The company’s core mission is to rid the transportation industry of its reliance on diesel fuel, and their primary path to that future is via advanced hydrogen fuel cell technology.

Trevor Milton, CEO and founder of Nikola, kicked off the event by arriving onstage with the iconic Budweiser Clydesdales. Annheuser-Busch has ordered 800 trucks from Nikola as part of the iconic beer brewing company’s sustainability mission. “I cannot wait to see your truck pull a load of Budweiser,” Ingrid De Ryck, VP of Procurement and Sustainability for Annheuser exclaimed later in the evening’s presentation.

Nikola is arguably best known for its upcoming zero emission semi trucks; however, the Arizona-based startup has been simultaneously developing products for both the military and outdoor adventure crowd.

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The first new product unveiled at Nikola World 2019 was the Nikola Reckless, a military all-terrain vehicle designed for superior performance and stealth thanks to its minuscule sound and heat signature. High-end specs are an expected given for this type of tailored vehicle, of which the Reckless undoubtedly has, but an additional perk described in the company’s presentation was the ATV’s 13” Infotainment screen which can be completely submerged without being damaged. The Reckless is also modular to enable a broad-range of military applications. “We believe all military vehicles will transform to battery electric and hydrogen fuel cells in the future,” Andrew Christian, NP of Business Development and Defense at Nikola’s Powersports division stated during the presentation.

The second product unveiled at Nikola’s event extended the company’s coined hashtag ‘#emissionsgameover’ beyond land transporatation. The Nikola Water Adventure Vehicle (WAV) is an all-electric jet-ski styled personal watercraft featuring an innovative platform. In comparison to electric vehicle “skateboard” architectures, the Nikola WAV will have a “wakeboard” architecture from which other watercraft can be developed.

The Nikola WAV, all-electric watercraft. | Credit: Nikola
The Nikola Reckless military all-terrain vehicle. | Credit: Nikola

The final product presented before the main semi truck attractions took stage was a redesigned version of the Nikola NZT Off-Highway Vehicle (OHV). NZT stands for “Net Zero Toll”, meaning the vehicle leaves zero footprint wherever it’s used. The flagship Powersports vehicle is meant to change its entire relative industry towards an emissions-free, near noise-pollution-free-direction.

Finally, the Nikola Two and Europe-bound Nikola Tre Class 8 semi trucks were unveiled, all rolling out onto the stage and floor, respectively. Two Nikola Two big rigs were debuted – one red, one in “Storm Trooper” white. “This is 800V of real…I’ve been preparing for this moment my whole life,” Milton stated prior to the Nikola Two roll out. The trucks at the event were hydrogen electric versions. Once in production, however, battery-only electric versions of the two semis will also be available for purchase.

Nikola Motor CEO Trevor Milton has a candid moment before unveiling the Nikola Two at the Nikola World 2019 event. | Photo: Dacia Ferris/Teslarati
The Nikola Two hydrogen electric semi truck unveiled at the Nikola World 2019 event. | Photo: Dacia Ferris/Teslarati

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The second day of Nikola World 2019 will have breakout sessions providing more details on the products revealed along with a demo track where the Nikola Two will be on display. Test ride-alongs will also be given for the NZT on a closed course track.

Follow @Teslarati for more behind-the-scenes coverage of day two of Nikola World 2019.

Watch the full live streamed Nikola World 2019 event below:

https://www.youtube.com/watch?v=2Dc8J3iSLw4

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Accidental computer geek, fascinated by most history and the multiplanetary future on its way. Quite keen on the democratization of space. | It's pronounced day-sha, but I answer to almost any variation thereof.

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Morgan Stanley’s Adam Jonas dubs Tesla FSD a “game changer” after marathon drive

Jonas reported that FSD handled more than 99% of the miles.

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Credit: Tesla Europe & Middle East/X

Morgan Stanley’s analyst Adam Jonas shared a notable endorsement of Tesla’s Full Self-Driving (FSD) software after completing a 1,400-mile round trip from New York to Michigan in his Model Y. 

Jonas reported that FSD handled more than 99% of the miles, calling the system “a game changer” for long-distance driving.

Hands-free experience

Jonas drove his 2021 Tesla Model Y equipped with Hardware 3 and FSD Supervised v12.6.4, and he used the system nearly the entire trip. “Having your hands off the wheel and feet off the pedals for nearly 12 hours of driving is a real game changer that is hard to appreciate without experiencing it for yourself,” he noted.

He explained that outside of two heavy downpours, one on the Pennsylvania Turnpike and another in suburban Detroit, plus some light maneuvering in fast food parking lots, FSD handled the drive without any human intervention. “FSD made no mistakes or close calls that I recall. The system handles highways very safely and confidently. I cannot imagine buying another EV without FSD.”

Broader implications

Jonas added that he has used FSD consistently over the past 18 months, and the $8,000 he paid for the feature feels like a bargain considering the value. He also praised Tesla’s Supercharging network, which supported his trip without issue.

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Jonas has been one of Wall Street’s most closely followed voices on Tesla, and his comments add weight to the ongoing debate about the role of autonomy in the company’s future. His current price target for Tesla stock stands at $410. During Morgan Stanley’s 13th Annual Laguna Conference, he echoed similar experiences with Tesla’s software, emphasizing that FSD “probably drove well over 99% of the miles” on his recent trips.

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Elon Musk

Elon Musk just bought $1 billion in Tesla stock, his biggest purchase ever

Prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

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Gage Skidmore from Surprise, AZ, United States of America, CC BY-SA 2.0 , via Wikimedia Commons


Tesla (NASDAQ:TSLA) shares rose on Monday after CEO Elon Musk disclosed a rare insider purchase of company stock worth about $1 billion. 

A filing with the U.S. Securities and Exchange Commission (SEC) revealed that Musk acquired 2.57 million shares last Friday at various prices. The move represents Musk’s largest TSLA purchase ever by value, as per Verity data.

Elon Musk’s TSLA purchase

The disclosure sent Tesla shares up more than 8% in premarket trading Monday, as investors read the purchase as a notable vote of confidence, as stated in a CNBC report. Tesla stock had closed slightly lower Friday but remains more than 25% higher over the past three months. It should be noted that prior to this latest move, Musk’s most recent purchase was for about 200,000 shares worth $10 million in 2020.

Market watchers say the purchase could help shore up investor sentiment amid a volatile year for TSLA stock. Shares have faced pressure from a variety of factors, from year-over-year sales challenges due to the new Model Y changeover, political controversies tied to Musk, and reduced U.S. incentives for EVs under the Trump administration. Nevertheless, analysts such as Wedbush’s Dan Ives stated that Musk’s purchase was a “huge sign of confidence for Tesla bulls and shows Musk is doubling down on his Tesla A.I. bet.”

Tesla and Elon Musk

Musk already owns about 13% of Tesla, and his latest purchase comes as the company prepares for a key shareholder vote in November. Investors will decide whether to approve a compensation package for Musk that could ultimately be worth as much as $975 billion if ambitious market value milestones are achieved. The package has a long-term target of pushing Tesla’s market capitalization to $8.5 trillion, compared with about $1.3 trillion at Friday’s close.

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Wall Street’s current consensus price target still implies a roughly 20% decline from current levels, though some Tesla bulls remain optimistic that the company could shift its focus toward autonomy, AI, and robotics. Musk has also asked shareholders to approve an investment into his latest venture, xAI.

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Tesla adjusts one key detail of Robotaxi operations in Austin

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Tesla is adjusting one key detail of Robotaxi operations in Austin: service hours.

Tesla’s Robotaxi platform in Austin has been active since late June and has been running smoothly since then. It has its limits, as Tesla has set hours that Robotaxis can operate, as well as a distinct Service Area, also known as a geofence, which has expanded three times already.

While the geofence is currently approximately 170 square miles in size, Tesla has recently enabled freeway drives, which also necessitated an adjustment to the company’s strategy with its “Safety Monitors.”

Tesla explains why Robotaxis now have safety monitors in the driver’s seat

Traditionally, they sit in the passenger’s seat. During highway driving, they move to the driver’s seat.

These are just a few adjustments that have been made over the past two and a half months. Now, Tesla is adjusting the service hours of Robotaxi operation in Austin, but only slightly.

Tesla will now operate its Robotaxi ride-hailing service from 6 a.m. to 2 a.m., extending the hours by two hours. It previously shut down at midnight.

Tesla has implemented a variety of safeguards to ensure riders and drivers are safe during Robotaxi rides, and they have made it a point to adjust things when they feel confident that it will not cause any issues.

Many people have been critical of Robotaxi, especially because a person sits in the front of the car.

However, an accident or some type of mistake could do more damage to the autonomous travel sector than anything else. This would not just impact Tesla, but any company operating an autonomous ride-hailing service in the country.

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