Nikola
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10 statements about Nikola, every show
Nikola Files for Chapter 11 Bankruptcy at a $40 Million Market Cap
“The market cap is at forty million. They declared chapter 11 bankruptcy today.”
Nikola Went Public via a SPAC in June 2020 at $20 Billion
“So in, in June of 2020. A few months after the pandemic started, they went public at around 20, 20, twenty billion dollars. Twenty billion. They didn't go public. They didn't SPAC. So they SPAC.”
Hays Compares Nikola's Underlying Technology to a Meme Coin
“And it had about as much tech as a meme coin.”
Trevor Milton Founded Nikola After Prior Company Failed Amid Misuse Accusations
“Trevor Milton, the CEO of Nikola he had a project called D hybrid for swift transportation. It fails amid accusations of misused funds, hinting at future deception. In 2014 he founds the Nikola motor company after selling D hybrid touting red revolutionary hyd…”
Nikola Faked Its Promotional Driving Video by Rolling a Truck Downhill
“So they do the rolling truck video promotional video shows the truck quote unquote in motion, but it was later revealed to have been rolled downhill to simulate.”
Nikola Sued Tesla for $2 Billion Over Design Features in 2018
“In May of 2018, they sued Tesla for two billion dollars over design features.”
General Motors Failed to Do Adequate Technical Due Diligence on Nikola
“Terrible look for GM. Sounds like they didn't do a lot of technical due diligence.”
Top VCs Passed on Nikola While Government and Corporate Entities Invested
“There were never VC funds piling into this. I just pulled up Crunchbase. And it was the US Department of Energy CNH Industrial, General Motors, California Transportation Commission.”
Trevor Milton Will Attempt to Build Another Company After Prison Release
“Trevor's gonna try and come out of the clink hit the ground running, build a new company.”