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
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The parallels of this and Theranos are fascinating. Both had insane dreams pushing crap that pulled in suckers.
They could have just bought two normal fuel cell cars and then cannibalise them.
my man Nikola Tesla is getting his name dragged through a lot of dirt these days…
here's hoping that the next fraud would use someone else instead… maybe Edison or something.
Funny how people who supposedly have rough upbringing just grow into scammers with sole intent to fuck other people over.
That is TRULY SAD (pitiful)
This sounds like elon in the next 5 years with his megawatt chargers for the electric semis
its interesting how incredibly few scamsters are ever seriously prosecuted. there were thousands who committed fraud during the housing bubble yet almost no one was ever punished. he should never be allowed in society again. he is a proven predator. nothing short of life in prison without parole is sufficient.
Tried this and got 3 years in the pin. Don’t recommend
The amount of electricity it takes to produce hydrogen has never make sense. The technology was junk from day one.. I'm sorry to say but the same applies to electric cars. Unless we begin building more nuclear power plants… NOW
Ive never heard of this guy, but right away the alarms are going off. "Nikola" Motors.. That's like naming your soda "Coka Cola"
In Greece we have something similar with Spyros Panopoulos who claims that he is manufacturers an ultra car named Chaos with 5000 horse power or something like this. He claims that every part of the car will be made in Greece!
muln automotive is doing this now
lol Green sells baby!
17:32 … well don't be hasty now. Did he get hookers for the whole office or just himself? … was he trying to send a hooker to the iss? There are questions here that may have answers leaving this lad the unsung Hero of the story
So he makes crazy claims, rakes in the dough from people excited about those claims, than never actually delivers on said claims?
I mean, what's the difference between him and Elon? Aside from him actually founding his companies I mean.
He is a Jew right
Who knew that a kids power wheels would be closer to a motor vehicle than a truck from a 34 billion dollar company.
Nikola Motors, and the Trump association has so many similarities, jail time soon !
Great video
Do the Trump organization next. After a year of appeals and bs a jury found Mr gas face and his company guilty on 17 counds of money, tax fraud. People need to see more then whats just on the news because thats apparently all fake news sooo.. Justice ?
Shows how dumb GM, Bosch and others have been. Nothing of this was verified by other companies … amazing
"Disruption" means disrupting the laws, like the gig economy and airbnb totally side stepping legislation
Years in making !!!!!
can't wait for a cold fusion video about elon musk
Mormons are well known scammers
How do people do this and hope to get away with this
These people were commonly known as grifters before the internet and advances in technology. Technology acts as a multiplier for their lies, and many people are gullible.
At least he doesnt dress like Steve Job and do a fake voice with eyes wide open. He also isnt born rich like Theranos woman. His brother and rest of the family sure is living good right now.