He doesn't mention - electrolyzing hydrogen is one thing. Keeping it another.

Hydrogen is a teeny atom. It is so teeny, it can slip between the atoms of other things, like a carbon fiber pressure container, or metal tank.

Hydrogen also happens to be a very small and reactive molecule that can cause materials to behave differently than they would in air. These differences mean developers must engineer components such as metal tanks, polymer hoses, and seals that can withstand repeated cycling of materials from high to low pressure. Identifying and developing materials that are more resistant to degradation will increase component lifetimes and reduce maintenance requirements.

In January 2018, Nikola posted a video to YouTube and other social channels called "Nikola One Electric Semi Truck in Motion." It showed the Nikola One truck moving rapidly along a two-lane desert highway.

But last week, the short-selling investment firm Hindenburg Research published a bombshell report claiming that the Nikola One wasn't close to being fully functional in December 2016. Indeed, Hindenburg published a 2017 text message exchange in which a Nikola employee stated that the company didn't resume work on the truck in the months after the show.

Even more incredible, Hindenburg reported that the truck in the "Nikola One in motion" video wasn't moving under its own power. Rather, Nikola had towed the truck to the top of a shallow hill and let it roll down. The company allegedly tilted the camera to make it look like the truck was traveling under its own power on a level roadway.

. .

And Nikola now admits that it never got the truck to fully function. "As Nikola pivoted to the next generation of trucks, it ultimately decided not to invest additional resources into completing the process to make the Nikola One drive on its own propulsion," Nikola wrote in its Monday statement. Instead, Nikola pivoted to working on its next vehicle, the Nikola Two.

So what about that video of the Nikola One driving across the desert?

"Nikola never stated its truck was driving under its own propulsion in the video," Nikola wrote. "Nikola described this third-party video on the Company’s social media as 'In Motion.' It was never described as 'under its own propulsion' or 'powertrain driven.' Nikola investors who invested during this period, in which the Company was privately held, knew the technical capability of the Nikola One at the time of their investment."