<h1>Research Paper Int</h1>

Research Paper Int We found the admission to be unsurprising once we learned who was in control of Nikola’s efforts to develop and roll out its supposedly revolutionary hydrogen production capabilities. After offering an anecdote about his father, and offering another sidetrack discussion, he then admits that Nikola’s whole reply to bringing down the price was to easily standardize a hydrogen station. “The standardization of the hydrogen station was the most important facet,” Trevor says. Subsequent to Nikola world, Trevor reiterated in several public interviews to have already solved this main world drawback, describing Nikola as having achieved breakthroughs in hydrogen manufacturing. The excessive price ticket outcomes from both the fee to isolate hydrogen and the price of constructing manufacturing services/transmission. We also imagine that corporations partaking in such practices are vastly extra likely to have something to cover. We expected to find that Nikola had employed a world-renowned scientist to lead its revolutionary hydrogen efforts. Instead, it appears Nikola has appointed Trevor Milton’s brother, Travis, as the Director of Hydrogen Production/Infrastructure. Nikola has regularly used off-the-shelf products from third events, whereas claiming to have vast internal proprietary expertise and to “design” all of the merchandise itself. It then partners with companies that actually have the elements Nikola claimed to have already developed internally. Trevor later tried to counter skeptics by showing videos of the 2 prototype vehicles that had been built with associate Bosch, suggesting that this somehow disproved the allegation that the earlier truck he built had by no means been completed. In one recent instance, MiMedx Groupsued its critics, solely to becharged criminally with fraudtwo years later. Overnight, Trevor turned a multi-billionaire and a minor social media superstar. A host of stories articles got here out comparing him to Elon Musk. Nikola went public by way of a reverse merger on June 4th by way of a special purpose acquisition company. We’re assured Nikola’s battery technology simply by no means existed, but has now managed to trade that vacant promise for GM’s precise capabilities. As part of its hydrogen technique, Nikola says it's planning on building 700 hydrogen stations across the US, with additional plans to increase worldwide. The high price of hydrogen, among different points, has prevented it from turning into a mainstream gas source for various power automobiles. The battery announcement made reference to a letter of intent to accumulate a battery firm, although it did not name the company or reveal the letter. We discovered the name of the corporate in litigation data. As with previous claims, the general public representations differed significantly from the private reality. Trevor continued to tout the battery know-how to his Twitter following, claiming he had seen the cell carry out together with his personal eyes, and promised a major demonstration at Nikola world 2020. The video begins with the truck already rolling. By just utilizing a fundamental stopwatch, we can see that it takes over 10 seconds between the beginning and Trevor exclaiming “there it's” on the video. The speedometer just isn't seen, and we obviously don't have any ability to see what is actually powering the truck. A CFO that departs while suing the company clearly is a fair bigger purple flag. The allegations stay unclear, and it's unclear whether they were dismissed as a part of a settlement. In March 2018, Nikola’s former Chief Financial Officer Jonathan Spira filed a lawsuit against the corporate, with Nikola countersuing several months later. There have been a number of videos of the prototypes built by Bosch being driven round parking tons and at unknown speeds carrying unknown-sized masses in stylized movies, however as soon as again, traders and partners are left in the dark about what Nikola actually has. Note that Nikola does have a take care of universities to develop fuel cells, however we discovered no indication that it has something to do with battery cell technology. We found no report of any such licensing deal in its filings. Bosch and Powercell had been completing checks on Nikola’s behalf. But in early April 2019, Powercell issued a press release announcing it was ending its settlement with Nikola saying the enterprise terms had been “totally unacceptable”. Had anybody at Nikola merely Googled the President of ZapGo, Charles Resnick, they would have discovered that 6 months earlier Resnick made national news for allegedly conning NASA via a scheme to make use of his expense account to hire numerous prostitutes. Prows, together with Travis Milton, are apparently going to spearhead building the world’s first network of 700 hydrogen production and fueling stations. Once once more, we'd anticipate that the rollout of Nikola’s coast-to-coast hydrogen production network would be managed by a person with an intensive background in both science in addition to massive infrastructure developments.