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Trevor Milton took the phrase “fake it till you make it” to the extreme. Let’s take a look at the wild story of Nikola Motors. I’ve been sitting on this script idea for a year, so here it finally is.

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Sources:

https://www.bloomberg.com/news/articles/2020-06-17/nikola-s-founder-exaggerated-the-capability-of-his-debut-truck

https://www.forbes.com/sites/alanohnsman/2019/09/05/behind-new-billionaire-trevor-miltons-3-billion-push-to-make-america-run-on-hydrogen/?sh=721e612f379f

https://www.forbes.com/sites/alanohnsman/2019/09/04/nikola-ceo-trevor-milton-is-now-a-billionaire-thanks-to-hydrogen-truck-startups-fundraising-drive/?sh=90c144a5b0f5

https://www.zdnet.com/article/sec-probes-nikola-motors-over-allegations-of-investor-fraud/

https://www.cnbc.com/2020/09/21/nikola-founder-trevor-milton-to-voluntarily-step-down-as-executive-chairman.html

https://nypost.com/2020/10/01/who-is-nikola-founder-trevor-milton/

https://edition.cnn.com/2020/09/29/tech/nikola-trevor-milton-assault-allegations/index.html

https://www.trucks.com/2019/05/08/rough-childhood-helped-shape-nikolas-trevor-milton/#:~:text=Milton%2C%20a%20Mormon%2C%20credits%20an,in%20Puerto%20Rico%2C%20studying%20Spanish.

https://www.dailymail.co.uk/news/article-8757313/How-Mormon-raised-Nikola-founder-Trevor-Milton-went-college-dropout-billionaire.html

https://www.businessinsider.com.au/most-expensive-home-utah-real-estate-wealth-pictures-2019-11?r=US&IR=T

https://www.sec.gov/Archives/edgar/data/1731289/000104746920004207/a2242121z424b3.htm

https://www.ttnews.com/articles/nikolas-trevor-milton-has-74-billion-fortune-free-truck-orders

https://observer.com/2020/09/nikola-founder-trevor-milton-exit-package-wall-street-reaction/

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23 thoughts on “How to Lie Your Way to $34 Billion [Nikola Motors Fraud]

  1. The weird thing about these scam companies, how exactly would they get OUT of it? You can't just bail on the company after picking up so many backers without running into serious legal trouble.

  2. "Advertising a fully functional hydrogen powered truck when it was a useless shell can be a bit misleading."

    Yeah no that's fraud, it is misleading with intentions through deception for personal gains.

  3. My thing with all these investors is they just take his word for it. Before forking out millions of dollars don't you wanna know if the thing actually works? Aren't you entitled to some sort of proof? Company structure? The accounting? Etc just to know what exactly you're investing into?

  4. GM, BP etc, Venture capital investors: Why and how these big companies not suing the Milton and Nikola for fraud and huge money? They are fine to cancel deal and just run away with millions losses. Is it not strange???

  5. its funny that he mentioned wirecard, when wirecard was an actual working product which was used by a lot of people while theranos and nikola motors were just straight up frauds

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