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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.

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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.

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.

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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

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.

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Watch the full live streamed Nikola World 2019 event below:

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

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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Tesla gives its biggest signal yet that Cybercab launch is imminent

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Credit: Joe Tegtmeyer | X

Tesla just gave what is perhaps its biggest signal yet that the launch of the Cybercab, its autonomous ride-hailing-geared car, is imminent.

The Cybercab has been spotted outside of Gigafactory Texas in massive numbers over the past few days, with hundreds of units being stored on property just days after the vehicle received a Certificate of Conformity from the EPA.

Today, things were a bit different.

Cybercabs spotted on Giga Texas property today had an addition: a Cybercab decal on the side, reminiscent of the “Robotaxi” ones that were placed on Model Ys just as the company launched its ride-sharing platform about a year ago.

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Giga Texas drone operator Joe Tegtmeyer noticed the change today:

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Tesla could be signaling that the Cybercab is preparing to enter the Robotaxi fleet in the coming weeks or months with this move. It seems more symbolic than anything; Tesla is ready to throw Cybercabs in the ride-hailing platform just as it did with Model Ys last year.

The addition of the Certificate of Conformity awarded to the Cybercab is another major factor working to Tesla’s advantage. The company now has permission from the EPA to allow the vehicle to operate on public roads and enter the chain of commerce. It’s officially street legal.

Tesla Cybercab specs revealed: range, curb weight, range ratings, and more

The big question that remains is whether Tesla will be able to operate the car without a safety monitor, especially considering it plans to put the car out there without a steering wheel or pedals. With the Cybercab only having a seating capacity of two, it is hard to believe Tesla will even consider putting a Safety Monitor in the car.

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It did recently self-certify as Level 4 and has the ability to operate driverless vehicles in the State of Texas under a law that took effect on May 28. You can read more about that here:

Tesla’s Robotaxi dreams just took a massive step toward reality

We’d imagine Cybercabs will be on the roads as soon as July, but August will likely be a better estimate of when the car will be entered into the Cybercab fleet. It all depends at where Tesla is, as they’ve truly prioritized safety with the rollout of the Robotaxi platform.

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Elon Musk challenges Tesla credit rating from Moody’s after SpaceX gets a higher one

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Justin Pacheco, Public domain, via Wikimedia Commons

Elon Musk has publicly questioned Moody’s credit assessments following the rating agency’s decision to assign SpaceX a Baa1 investment-grade rating, two notches above Tesla’s Baa3. The comments came amid discussions comparing the two companies’ financial profiles.

SpaceX earned its first-time Baa1 rating with a stable outlook from Moody’s. The agency highlighted the company’s leadership in orbital launches, the growing recurring revenue from its Starlink satellite network, strong vertical integration, U.S. government contracts, and emerging opportunities in AI infrastructure.

These factors were cited as supporting robust cash flows, margin expansion, and financial flexibility.

Musk responded directly: “Tesla’s credit rating is ridiculously low tbh,” and added, “Yeah, makes no sense. Tesla has over $40B in cash, no debt, and is consistently profitable!” His remarks underscored Tesla’s balance sheet strength and profitability at a time when many traditional automakers continue to report losses in the shift to electric vehicles.

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Tesla maintains a leading position in the global EV market, with diversification into energy and storage, battery technology, and robotics through projects like Optimus. Recent financial updates show the company generated positive free cash flow of $1.4 billion in Q1 2026, supported by operating cash flow of $3.9 billion. Cash and short-term investments stood at approximately $44.7 billion.

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Moody’s has affirmed Tesla’s Baa3 issuer rating with a stable outlook in periodic reviews, acknowledging the company’s EV leadership, technology strengths, including AI for autonomous vehicles, solid profitability, and strong liquidity.

Tesla (TSLA) scores Baa3 Moody’s rating for ‘stable’ outlook

However, the agency has also noted challenges in the automotive segment and expectations for margin pressures.

Musk’s critique highlights a common debate about how traditional rating methodologies apply to high-growth, capital-intensive technology companies. SpaceX benefits from long-term government-backed contracts and diversified, recurring revenue streams, while Tesla’s valuation reflects heavy investment in future technologies such as autonomy and robotics.

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Both ratings remain investment-grade, yet the one-notch difference has fueled online discussion about potential inconsistencies in evaluating innovative firms.

The exchange comes as SpaceX explores financing options following its recent valuation milestones, while Tesla continues executing on its multi-year roadmap. Musk’s pointed response serves as a reminder that credit ratings, though influential for borrowing costs, represent one lens through which markets assess corporate strength—and that company leaders often view their financial positions through the lens of long-term innovation and cash generation rather than short-term risk metrics alone.

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Tesla faces Full Self-Driving pushback in EU over ‘speeding’

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Credit: Tesla

A new report from Reuters claims that a transport authority in Sweden is pushing back against the approval of Tesla’s Full Self-Driving suite because it will travel over speed limits.

The report says the Swedish Transport Administration (TRV) recommends the European Union votes against FSD’s approval. TRV believes it should not be approved until Tesla disables FSD’s ability to speed.

TRV sent a letter to the European Union’s Technical Committee on Motor Vehicles (TCMV), which is set to meet on June 30 to discuss the potential approval of the Tesla FSD suite in the country. Tesla, which has received various approvals in Europe over the past two months, has not provided a comment.

Tesla Full Self-Driving gets first-ever European approval

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Teslas operating on FSD do travel over the speed limit, depending on the Speed Profile that is chosen. Drivers have the ability to disengage FSD at any point; Tesla specifically states that those supervising the suite are responsible for its actions.

Let’s cut to the chase: humans operating any vehicle speed almost daily in the United States. Realistically, speed limits in the U.S. are more frequently treated as speed minimums. However, other countries are different, and driving behaviors are less aggressive.

TRV believes that “allowing automated systems to systematically exceed legal speed limits…risks undermining both the legal framework and the expected safety benefits of ​vehicle automation,” the report stated. It’s surprising that Tesla has not received this claim from other countries previously.

This could be a good argument to bring Max Speed back, the setting that previously allowed the driver to choose the absolute fastest the car would travel.

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This would still put the responsibility of supervision in the hands of the driver. It would allow the driver to choose whether the car would travel over the speed limit or not, acknowledging that they set the speed, and if they get pulled over, there would be no ability to argue it.

However, it does not seem as if this is something Tesla will do, especially considering many U.S. drivers have requested the feature in an effort to eliminate speeding or at least tone it down. The company has not shown any interest in bringing it back.

Tesla has approvals for FSD in Europe in Estonia, Lithuania, Denmark, the Netherlands, and Belgium.

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