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.zdnet.com/article/sec-probes-nikola-motors-over-allegations-of-investor-fraud/
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.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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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.
Compressed natural gas engines are real and I drove one in the early 2000s however not practical for trucks that need to do a lot of work.
Imagine if this guy breeded with the Theranos lady. The offspring would be unimaginable.
Superficiality is the American way.
Milton is about to be sentenced on January 27th, it'll be fun to watch stocks lose their last value
"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.
Trevor vs Elizabeth Rap Battle needs to happen 😆
He's a goyim.
I love how he grifted the corporate elite!
But who bought his stocks? How he could convert shares to cash?
A classic fraud. Nobody asked let me drive it around the block
The ringing in my right ear towards the end of the video was brutal. Loved this piece tho!
yeah, I guess when you have that much money, even a kid can make something real.
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?
I wonder how long it will be before we have a prison population comprised primarily of start-up fraudsters such as the likes of Milton, Holmes etc..
People who still believe in the Tesla semi, should watch this video
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???
Interesting that he used the environmentally conscious I vector a a ploy
Plot twist: He actually created everything he promised, but the big tech company lobbied and took him down
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
It's a combination of FOMO,ponzi scheme and greed.The perfect storm to lose your shirt.
Arizona got scammed again, just like it did with Theranos. Scammers love that "no regulations" GOP culture.
would love to see if a black man can get this right hahaha