PH2's direct competition packs up and goes home., page-2

This further illustrates the failure of loss-leading market saturation strategies in nascent technologies. PH2's targeted approach offers a more sustainable path to success.

A summary of Nikola's Q3 report:

Nikola Corporation achieved record sales with 88 hydrogen fuel cell electric trucks sold.
The company reported a 78% increase in fuel cell vehicle fleet adoption.
Hydrogen dispensing at Nikola's stations surged by nearly 350% year-over-year.
Nikola's trucks have surpassed 4 million validation miles, avoiding over 6,000 metric tons of CO2 emissions.
The company holds over a 90% market share in North America's heavy-duty fuel cell electric vehicle sector.
Dealer network expanded to 19 locations.
Gross revenue for Q3 stood at $33 million, up from $31 million in Q2.

However...

Gross loss widened to $62 million in Q3.
Cash reserves have declined significantly to $198 million, raising serious concerns about the company's ability to maintain operations beyond the first quarter of 2025.

This presents a prime opportunity for PH2 to enter the North American market.