How to Lie Your Way to $34 Billion [Nikola Motors Fraud]
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Published 2021-10-25
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Sources:
www.bloomberg.com/news/articles/2020-06-17/nikola-…
www.forbes.com/sites/alanohnsman/2019/09/05/behind…
www.forbes.com/sites/alanohnsman/2019/09/04/nikola…
www.zdnet.com/article/sec-probes-nikola-motors-ove…
www.cnbc.com/2020/09/21/nikola-founder-trevor-milt…
nypost.com/2020/10/01/who-is-nikola-founder-trevor…
edition.cnn.com/2020/09/29/tech/nikola-trevor-milt…
www.trucks.com/2019/05/08/rough-childhood-helped-s….
www.dailymail.co.uk/news/article-8757313/How-Mormo…
www.businessinsider.com.au/most-expensive-home-uta…
www.sec.gov/Archives/edgar/data/1731289/0001047469…
www.ttnews.com/articles/nikolas-trevor-milton-has-…
observer.com/2020/09/nikola-founder-trevor-milton-…
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Sonic Future - Remember That (original mix)
Zachary David – The Light
&ME - The Rapture Pt.II
Sons Of Maria – Chimera
Nanobyte - Lost Time
Deccies – Subtle
frames - Calm Wisdom
Nova Nova – See
Julianna Barwick - Look Into Your Own Mind
Burn Water - Youth
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Producer: Dagogo Altraide
All Comments (21)
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Well, technically, a truck that doesn't start is indeed zero emissions
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You did more research into Nikola Motors than Nikola Motors did into hydrogen electric motors. Amazing.
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How those major corporations got duped by a "snake-oil" salesman is almost amazing.
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I remember when Nikola surpassed Ford without ever selling anything; that was hilarious and my favorite part of this story.
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this guy is the embodiment of the phrase "trust me bro"
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Bro made the most of that one semester studying Sales and Marketing. This has to beat the record for RoI anywhere lol.
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The parallels of this and Theranos are fascinating. Both had insane dreams pushing crap that pulled in suckers.
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Nikola Tesla did not deserve this to be associated with his name.
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This guy is the professional version of that guy in everyone's group projects.
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This is mind-blowing! The most successful truck company that never sold a truck!
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What scares me is the investors not checking what they are funding and the control agencies not doing their work at all
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Never trust a used car dealer.
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The first truck Gravity assisted...Genius!
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The disgusting thing is that because of how the legal system works, even if he is found guilty and goes to jail for a few years he'll still have enough money hidden away from all this to live comfortably for the rest of his life. Crime does pay.
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Watching this has me thinking exactly of what is going on with all the supersonic commercial plane designers right now. No product, big sponsor names, and big purchase orders to be filled with a company that only can offer promises while showing zero dollars of revenue.
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Discovered this channel by chance. Started binge watching the episodes. Really well done : easy to follow; great topics and good background music. Keep it up!
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Pulling this off in 21st century in the age of social media, govt watch dogs, media glare, and significantly learned society is just incredible. Company got listed with $34B valuation- unbelievable !
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"Oh, but when NASA does gravity assisted launches, they get praise! When I do it with my truck, I get indicted!"
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There are millions of guys like him. Once in a while one does spectacular frauds. It works again and again.
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Another concerning question will be how did the auditors not pick this up after such blatant cover ups, a company that is being listed usually has rigorous audit procedures. Also the people doing the valuations of the company, surely they would have done more research into the company before valuing it that much?
