Shocking Nikola Motors Fraud Claims Explained

[@TwoBitDaVinci]

Become A Patreon Supporter! patreon.com/twobitdavinci Getting a Tesla Use my Link: geni.us/GoTesla Getting Into Investing Join Robinhood: geni.us/Investing

[@markplott4820]

NIKOLA never Intended to Produce ANY Drivable Vehicles and NIKOLA never developed Advanced Hydrogen NOR Advanced batteries , even though NIKOLA clams to have 3.5 MW of SOLAR on its roof, and NIKOLA does NOT Produce ANY Hydrogen and only has Storage tanks. NIKOLA does not even have the PERMITS to Produce ANY Hydrogen at its HQ. it only Reccenty ordered Electrolizers to Produce Hydrogen. NIKOLA is using INVERTERS from CASCADIA in its Prototype Trucks. even though TREVOR claims that they Produce their own Hardware + Componnents.

[@icare7151]

@Mark Plott Hi Mark. You never responded to your false statements I caught you stating about GM. Shall we have GM’s legal department contact you? I took screenshots for the files. Nikola has allegedly been using BOSCH Hydrogen Fuel cells in their Nikola Two semi’s.

[@icare7151]

Allegedly both Hindenburg Research and Nikola Motors maybe in legal jeopardy due their actions. Does the data on either or both sides of the equation “prove intent to profit through knowingly or should have know unethical (civil) to unlawful (criminal) means harming (defraud) others (victims)”? Theses are some of the key data areas investigators (SEC, FBI etc) maybe searching for, the SEC, DOJ etc. reviewing and deciding the next steps, if any, for Nikola Motors and/or Hindenburg Research. Specifically, detailed data will be forensically uncovered and quantitatively & qualitatively analyzed, proving or disproving beyond a reasonable doubt, if Nikola intent was/is to defraud others through means they knew or should have known are alleged willful acts directly harming others for financial gain etc. The same Equal Justice of the Law ⚖️ applies to Hindenburg who allegedly withheld alleged damaging Nikola data allegedly until such time doing so and/or in the manner of doing so, allegedly were financially motivated to maximize Hindenburg Research as “Nikola Short Seller” profits through various allegedly willful acts they knew or should have known directly harms others including but not limited to current and/or future new Nikola investors, Nikola strategic partners, Nikola employees, creditors, Nikola stock prices, credit ratings, marketing name values etc. What Are Hindenburg Research Motives (Intent): 1)How did they obtain each data point and from who/whom? 2)When did they obtain each data point? 3)Why the timing of the release of data allegations? 4)Why the method of data release? 5)Why didn’t Hindenburg and insiders turn data quietly over to the proper regulators and investigators such as the SEC, FBI, DOJ, etc first? 6)What, how and who/whom did Hindenburg’s alleged Nikola “fraud data” disclosures, timing and methods of disclosures allegedly benefit: Was it their portfolio, other individuals, other companies, etc.? 7)Were there bribes, blackmail or some sort of payola involved? Hindenburg allegedly publicly publishing their alleged Nikola data then Nikola allegedly was the first to file a complaint to the SEC potentially compromises both sides of a civil and/or criminal investigation giving time for both parties to potentially delete data, bleach and acid wash hard drives, smart phones, shred documents, etc. Conclusion: Post IPO Nikola has shown and video documented working semi trucks under their own power they claim have hydrogen fuel cells. Investigators will be looking very closely at those alleged hydrogen fuel cell trucks 🔎 🚛 👀 and Nikola IPO financial data. The flow chart of investigative data on both sides of the equation has just begun as the law grinds very slow and fine. Cheers🍻 KP

[@user936]

@@icare7151 I wouldn't touch any data from an organisation called Hindenburg Research. Historically speaking, it's not going to end well.

[@DannyVega-DanielHall4Freedom]

WS = We Save (Free Markets) OurName4UBIToday . ws YourName4Freedom . ws WS = We Storage (ELECTRIC) DanielHall4Freedom . ws

[@USVIsteve]

Every time I see one of these clips I remember reading someone said that Tesla has more vehicles in orbit than Nicola has on earth.

[@carsonc1272]

He doesn't even know what a Proton Exchange Membrane fuel cell is and he's building a truck with one! Wow

[@kevinroy6553]

You're simply wrong my friend! It's called poly echo mango!!

[@Luzviminda777]

@@kevinroy6553I belive you

[@persephone2706]

@@kevinroy6553 Nah it's totally a Mitochondric psionic particle influxuator.

[@yesdvt]

The guy looks, walks and talks like a scammer. These people can be easily identified. He is just making money on hype and people's greed.

[@neilwani1178]

@@persephone2706 no. It has a flux capacitor. That is the secret.

[@QuestionEverythingButWHY]

“Be careful when a naked person offers you a shirt.”

[@mikirodriguez4906]

Words of wisdom that pulled a good laugh out of me. LOL.

[@ToryAghissiDo]

Lmao

[@harrellt1405]

Ill take his shorts

[@FlipsterFlipinoy]

Trevor Milton needs to take care of his health by buying a Theranos device from Elizabeth Holmes.

[@Nikyv786]

EXACTLY 🤣🤣

[@ayeminoo2067]

Great haha i wonder how many founders need that medical devices.

[@persephone2706]

They should get married.

[@QuestionEverythingButWHY]

“You can fool some of the people all of the time, and all of the people some of the time, but you can not fool all of the people all of the time.” ― Abraham Lincoln

[@truongle2381]

@omnivore gains true until you verify it.

[@JonathanBocalbos]

"you can fool some people sometimes, but you can't fool all the people all the time" - Get Up, Stand Up ... Bob Marley ;)

[@justinlorenzo8436]

@omnivore gains LMAO!

[@nothing9220]

Doesn't apply in India's context

[@kboone]

So he purchased the most expensive home (I think you said 32M) but no factory to produce the product to sell that would pay for and justify such a home. I think this situation fits the term. “The Cart Before the Horse “ Like you and others, I hope he can prove us wrong, we need the competition and innovation, but there really are so many red flags. As always, great job and coverage of such a delicate story.

[@TwoBitDaVinci]

Thanks Keith, and well said. Yes Cart before the Horse... let's hope to catch up and get a coffee in person soon!

[@misternurse2u503]

Two Bit da Vinci do you live in the LA area? I’d like to meet and talk technology and the future over drinks and lunch or something. Future tech has always caught my interests

[@neilwani1178]

Maybe he was going to produce them in his house. I'm sure it has a garage and some tools.

[@KrisTC]

You were generous! There are plenty of startups doing real things and working hard and honestly. So glad that Nikola are finally under investigation by the SEC and department of justice.

[@yao5921]

nothing will happen until after the election. Nikola going down will bring the market down, which someone probably doesn't like to see happen.

[@KrisTC]

yao that seams like a stretch

[@Chainyanker007]

The Feds will be after him before too long. Wonder what country he’s going to skip too?

[@peterzerfass4609]

Easy answer. Milton doesn't know what the terms mean. In one interview he used megawatts as a unit of energy (claiming the 3.5 megawatts of solar on the roof of their headquarters "produces 18 megawatts per day"). Megawatts isn't a unit of energy. Megawatt-hours is. No one who knows anything about EVs - or tech in general...particularly if they are leading a 'tech' company in the field of EVs and hydrogen - would make that mistake...Oh, and there aren't any solar panels on the roof of Nikola headquarters in case you were wondering. Look it up on google maps). In another interview he was asked if the truck would be level 4 autonomous. And he clearly didn't know what that meant but after a second of looking confused just lied "sure, we'll bring in someone to do that for us". Here's a hint: if you haven't already designed in the sensors to give you the data your truck isn't going to be autonomous. Not level 5, 4, 3, 2 or 1

[@donjones4719]

Such a far cry from having the head of a company also be the lead software engineer and design engineer.

[@TheEvilmooseofdoom]

He uses any catch phrase he can.

[@Luzviminda777]

So glad I haven't got the stomach to cheat and lie , he lazy and dumb , stealing from small investors is a regular circus , been there , lost that . Funny I never feel the need to get even , God usually keeps score , this dude too

[@persephone2706]

I wish someone would have milked his ignorance for all it was worth and got him to say the most outrageous bullshit.

[@NeverTalkToCops1]

Uno, Dos, One, Two, Tres, Quattro! Wooly Bully...

[@SolvingTheMoneyProblem]

Great vid and thanks for the shout out!

[@Kelzatron-1]

That was cool that he gave you a shout out.

[@CatalystNetwork]

SMR is a beast. Love that guy

[@TheEvilmooseofdoom]

@@CatalystNetwork He's to skinny to be a beast. :P

[@TwoBitDaVinci]

Thanks Steve! Love what you do too... keep it up!

[@SolvingTheMoneyProblem]

@@TheEvilmooseofdoom I've been running linear progression on my mind and bank account, not my body ;)

[@christopheblanchi4777]

The Tesla shorts are probably buying Nikola stocks.

[@loungelizard836]

I know I am! Feel good about sending fraudulent NKLA to an early grave!

[@brickhunter9537]

If they’re dumb enough to short Tesla, I’m sure they’re dumb enough to buy Nikola.

[@Chainyanker007]

Brick Hunter - For sure there’s a few of those dummies, probably wear red caps too.

[@terjeoseberg990]

Lounge lizard, If you care about the planet, why would one wish failure upon any electric vehicle company? Why would you want NKLA to fail?

[@shepherdsknoll8]

Something does not smell right. In 2015-2016 I thought Nikola had a great product. An electric semi that had a charging of the batteries by a small turbine. I recall a fairly high price but it made sense given the trucks supposed capabilities. They were taking deposits. Shortly after, Tesla introduced their fully electric semi. Basically Nikolas “idea” quickly became worthless. It looks like Trevor, et al, panicked at this point and tried to reinvent themselves. They introduced the semi with a fuel cell. That was suspicious. They must have hated Tesla. The fact that Nikola has been able to go public and raise the billions that they have , is astonishing. What’s even more astonishing is that given the allegations and DOJ / SEC investigations the stock price has actually gone up.

[@joeyknight8272]

But he never did anything!

[@fancyIOP]

The unfortunate part is that they used Nikola’s name as their company name.

[@bourbonn.pearls3151]

Mr. Tesla deserves far, far better than that. At least Mr. Musk is paying homage properly to the name, at least I believe he is.

[@Chainyanker007]

Bourbon N. Pearls - Tesla is the real deal. I drive a Tesla S fantastic car, software update about every three weeks, the car gets better and more functional with each update, name an ICE vehicle that has that feature. Incredible acceleration when you need it.

[@bourbonn.pearls3151]

@@Chainyanker007 I personally cannot wait to get mine.

[@TheDawnofVanlife]

@@Chainyanker007 Tesla is a real car, but I don’t know how much I give Musk credit for that as he bought his way into Tesla then made himself it’s poster boy. What Musk does is buy his way into existing tech and creatively markets it. Which isn’t bad as it’s real tech, but he certainly gets more credit for it then he really deserves.

[@RTD3]

So the first thing Milton did was take $70,000,000 of shareholder money to buy the most expensive house in Utah and a private jet along with a bunch of toys for him and his family. What a professional and confidence builder.

[@grahambrown42]

Really hard to believe they could get to listing and GM buddying up to them, truly staggering.

[@SaleenDrift]

This company shouldn’t be worth more than 3 cents per share.

[@bigbalok]

hahahaha this is what i said in other videos with nkla...

[@brickhunter9537]

I disagree, I think Nikola is worth at least 4 cents per share.

[@MrCountrycuz]

More like three shits a share.

[@nickt6965]

at 3 cents a share I would still be shorting it

[@Chainyanker007]

Brick Hunter - How about -4 cents, they pay me to take it.

[@dannypope1860]

Thank you for showing people the scam that is Nikola.

[@christopherarmstrong2710]

5:06 “It seems they are more of a design house than an actual manufacturing company.” As an industrial designer / engineer, I can say this is SPOT ON, an were my thoughts exactly.

[@n0madfernan257]

it seems like general motors took the bait... lets see what happens.

[@markplott4820]

Mary Bara is OUT , and Herbert Diess is the NEW CEO of GM.

[@GG-si7fw]

GM dug a whole for themselves. They can’t say that they were deceived or heads will roll. I think GM will end up acquiring Nikola in the future.

[@cheema33]

@@GG-si7fw Acquire Nikola? Why? Nikola doesn't have anything to offer.

[@TheEvilmooseofdoom]

@@markplott4820 As of when?

[@markplott4820]

@@TheEvilmooseofdoom - just a Prediction......LOL.

[@didierpuzenat7280]

Hydrogen for trucks and furthermore cars is a scam, or at least a very bad idea. It is quite simple : - Battery-EV : grid -> battery -> motor - PAC-EV : grid -> electrolysis -> compression -> transportation -> distribution -> PAC -> battery -> motor And some steps have very bad efficiency : electrolysis, compression, and transportation. The issue is that no more petrol and coal implies we will have access to ten times less energy even going full speed on renewable energy (mainly wind and solar). So we cannot switch to a low efficiency technology for transportation, we will just not have enough. Furthermore there is a big risk that this hydrogen will be produced from petrol, so it is not even good for the climate change. My conclusion is that producing hydrogen by electrolysis is good, *but* to replace the *huge* volume of hydrogen produced for the industry. Then, if we have abundant energy (fusion ? in 50 years ?) and produce more hydrogen than the industry needs, will we think about hydrogen for trucks.

[@peterzerfass4609]

You forgot cooling. Compressing heats up the hydrogen. At the filling station the hydrogen needs to be cooled after coming from low pressure storage to the high pressure reservoir at the pump (from 90°C after compression to -40°C before being able to be pumped into the car). This takes time and a LOT of energy. This is why you can only fuel about two cars per pump per hour at a hydrogen fueling station. The idea that you can 'quickly refuel with hydrogen' is a myth. Only the first car refuels quickly. The second and subsequent cars are there exactly as long as you would be at a supercharger charging up your EV. (and you have to wait in your H2-car until you can pull up to the pump. Something you don't have to do with an EV)

[@didierpuzenat7280]

@@peterzerfass4609 Thanks, I was indeed unaware of the need to cool. But I don't understand when it occurs. I would say just after compression since the hydrogen is transported compressed from the production facility to the distribution station. And I assume that the hydrogen is stored at a higher pressure in the distribution station than in the car. So the act of filling the car may produce cold, not heat. Or maybe you are considering a production at the point of distribution ? It is indeed possible, for example for a remote station, in the middle of nowhere, with a few vehicules "refueled" each day. And the point is that since hydrogen efficiency production is low, such a remoted station would be able to charge more cars/day with the same surface of solar panel. And I would assume that such an installation would be more expensive with hydrogen than batteries. But of course all is not bad, such a remote station would be able to store for a long time whatever the temperature. However this scenario is far away from the scenario of a trucks on a main road.

[@daveturner6612]

Hydrogen still has one big advantage: It is something that the price gouging multinationals can control, therefore they like it. Also, the Hydrogen process uses vast amounts of Methane which they are happy to sell.

[@pasoundman]

Tell Mercedes. They've just announced another hydrogen fuel cell semi.

[@robertjonker8131]

@@pasoundman because hydrogen fuel cell semi's actually make sense opposed to BEV. Batteries are just too heavy as of.right now

[@RoamMeYo]

First reg flag went off for me was when he said "It is not a pusher" on the unveiling of NikolaOne.

[@clarksmith6850]

Good catch of his phrase. He read "shyster" in my book. Hope this is the last chapter of his story. Like some books, there'll probably be a movie. The End.

[@69elchupacabra69]

Non native speaker here, what does "it is not a pusher" mean?

[@clarksmith6850]

It means that it moves under it's own power. That one didn't.

[@harrisonwintergreen1147]

Wait wait wait: Trevor Milton, the guy who somehow thought truckers are paid by the weight of freight they carry rather than flat rate or mile/hour rates (as they're truly paid) was a SCAM? Color me 😳shocked Well, not that shocked

[@xfcom]

If anyone knows even a LITTLE bit about the trucking industry - they'd know you are absolutely correct with this.

[@lovepcgaming2335]

Actually parts of the industry are paid by weight. Logging for 1. Some gravel and rock stuff is and some agriculture as well. On the company side many loads are paid by weight. The driver just sees the load pay or miles. 90% of drivers have no clue what goes on in the background to broker loads. How does a 33 mile trip that weighs less than 5000 pounds pay over 300 dollars yet 600 miles pays 1000 dollars to the truck? I'm not sticking up for Trevor at all. Just correcting pay by weight.

[@xfcom]

@@lovepcgaming2335 I don't think Nikola trucks are hauling gravel. They are cross country full load trucks, not LTL or anything else. Just giving my .02 as well. :D

[@lovepcgaming2335]

@@xfcom they were planning on setting up ltl or dedicated route filling stations first and then expanding the fuel network after the success was proven. Then they were going to expand to the major intestates only, 10, 20,40,70,80 and 90 and other routes like 65 and 35. They are aiming at mega companies first. I was commenting on the op saying that there are plenty of trucking companies that do get paid by weight. Like logging, agriculture, bulk liquids like Propane and others. I've been trying to follow the truck since they unveiled in 16 cause I think it looks cool and like the bunk design. I still think it's missing a stick lol.

[@frankblangeard8865]

Nikola shares (NKLA) went up today (4/16/21) by 3.29% closing at $10.98. That tells you something about the current bubble in the stock market.

[@Wallyworld30]

NKLA today is $2.84 a share. It keeps getting cheaper and cheaper.

[@simoc24]

How many law firms are suing Nikola on behalf of investors? I lost count after 7

[@charlesmiller1222]

Nikola's mission statement says it all. Its fluff and doesnt even hint at how they will achieve the goal. Tesla's mission statement has the simple word "by" in it showing the how of the dream. Two letters BIG difference.

[@goingballisticmotion5455]

Milton also left his employees to complete a critical project while he spent Thanksgiving with his family.

[@TheAefril]

Awesome quote in recalling Elon's circumstances, "He slept on the uncomfortable couch, to remind him of his pain which had to be worse than anyone else's in the company!" [Pure Intellectual Gold,, right there!]

[@edmaluf]

"If anyone can out-Elon Elon, that's me". Trevor Milton. 😂😂😂😂😂😂😂

[@Chainyanker007]

edmaluf - Brag quote of the year. He just quit as CEO and left the company. No doubt packed his bags to head for Outer Mongolia.

[@edmaluf]

@@Chainyanker007 Lol! Maybe he's not going that far. Just to his 32 million ranch in Utah.

[@ayeminoo2067]

Such a good joke 😉

[@alex-sd]

No wonder Cathie Woods with ARK said that this company would be worth ZERO dollars very soon. Milton is doing a lot of smoke and mirrors. Thanks so much for this great info!

[@cyrilio]

I was hopeful about this company but this sounds terrible.

[@Chainyanker007]

cyrilio - You didn’t buy NKLA did you? Only suckers did.

[@joe2mercs]

For a moment there it looked like GM got $2Bn in Nikola stock and a customer dedicated to paying top dollar for GM’s transition to EV production. All too soon reality has dispelled the dream and it appears that GM got 11% of nothing, no customer and no money.

[@khmer31]

It goes deeper. 1. Stephen Girsky who is a former VP of GM and probably very close to Mary Barra. 2. Stephen Girsky who is also the "founder" of VectoIQ. 3. Stephen Girsky who brokered the reverse merger with Nikola to IPO to speed up the scam timeline and avoid SEC probing 4. Stephen Girsky who is on the board of Nikola 5. Stephen Girsky who brokered the deal with Nikola and GM 6. Many are wondering why Bosch, Ivesco and others have been silence while Nikola stock still hold. But Bosch, Ivesco, VectoIQ and technically GM have a huge financial interest in saying nothing because their shares are locked until December 3. They can't sell, yet. 7. Many are claiming GM has nothing to lose because it is a one sided partnership: a) $2B in stock/11% b) $700M in cash to build out c) use all GM technologies to build and sell back so the Badger is just a name tag. However, because of Stephen Girsky, the deal can be construed as a collusion between GM, VectoIQ and Nikola to manipulate stock price. 8. Mary Barra would be stupid to gamble with the SEC and DOJ investigation. It's a safe bet that she would pull out of the deal before the closing date. 9. A class action lawsuit has been filed. It was announced but now officially filed. It is actually incredulous that Nikola shareholders are so stupid to still hold on to the stock, but my guess is none of them actually read. They just read the "regurgitated news".

[@Gunther81818]

Trevor Milton reminds me of Billy McFarland, the Founder of Fyre Festival and Elizabeth Holmes, Founder of Theranos

[@wearemilesfromnowhere4630]

Been following this as well. I wonder about the shows they had to put on to secure investors. Seems clear to me that some got suckered. Red flags is true.

[@blackdiamon9396]

great info & presentation..i would never put a single penny on this pos...am all in tesla

[@Chainyanker007]

A T - Tesla Apple is a different kind of Apple, after Battery Day tomorrow it will be a golden one.

[@FizzleFX]

8:08 and we got the *HYPERLOOP* AND *PASSENGER ROCKETS* ... go on- i wait

[@hyperdrivee7922]

On a side note, I really respect your ability to be so kind, respectful and professional on this issue. 👍🏼 Honestly, I couldn’t do that and don’t feel its deserved.

[@TwoBitDaVinci]

fair point... I want to be someone who interviews thought leaders in this space for years to come. I want to be able to be critical and decent, I think this channel will be the better for it. but I 100% get your point lol

[@hyperdrivee7922]

Two Bit da Vinci absolutely, you’ve developed a respected brand. That’s exactly why I/We continually take the time to hear what you have to say.

[@robins2389]

I agree with everything you say in the video. There is no doubt that Nikola hasn't developed any of their ground breaking technology, otherwise GM wouldn't be providing their technology plus their truck design services. The real mystery is why the stock hasn't sunk further yet. Even today it's still at around $33 ......

[@arnefines2356]

Probably short sellers buying, or Nikola buying itself

[@Adrian_Nel]

I would love for this company to succeed, but, so far, this does seem to be a case of 'walks like a, looks like a, sounds like a ... must be a'. Sad faced me.

[@thecrow0282]

Shame on those investors are telling that Nikola is a good deal. Thank u for this video.

[@quietcorner293]

I am wondering what GM gets out of the partnership besides $2B in stock? If all the tech and manufacturing are GM, what does Nikola bring to the table? If they are a fraud, why would GM get involved with Nikola?

[@TheFrenchPug]

Well, it looks like they were a fraud and pulled a huge one over on GM.

[@OurConversations]

Dude - You didn't just compare Elon Musk to Trevor Milton did you? Elon Musk is almost at the level of Nikola Tesla himself. And Trevor Milton is at the level of Elizabeth Holmes of Theranos.

[@Michael-tg7ev]

Well said😀

[@ClownMoney]

Elon musk got billions of dollars for solar city and for Tesla who isn't going to make more money when they give you billions

[@richardriehle4159]

"sustainable vehicles" ?!..... that's a bit of a misnomer.

[@nevarran]

"He wanted his circumstances to be worse than anyone else in the company." Hahaha. Like with the current COVID pandemic, right? The way he thinks about his workers now? Funny stuff. You're a true comedian, sir.

[@johnnyboyzZ]

When Elon was sleeping on the floor, right then I should’ve invested and held. He was putting his all into the company. I should’ve not listened to the naysayers.

[@carlstockmal]

I saw a program wherein one interviewee related, "when the CEO is working on the line and sleeping on the factory floor, there's a problem." I thought Elon's actions were a call to action for his employees. He is willing to "dirty his hands" and work among them doing whatever he thought necessary to pull the company up and out of the difficulties that had arisen. What better way to lead your workers than by example? I could not have been more positively impressed by Elon's actions. Now he's selling his houses because he doesn't like the "billionaire" stigma, and says he's just going to rent a house. I think he'd rather be known for his inventions and contributions to society, and I just hope he finds happiness after decades of seemingly tireless great work.

[@peter.g6]

@@carlstockmal I think, half jokingly, half seriously, Elon can call anyone and ask if he could stay there for a few nights with his family, and the answer would almost always be yes.

[@Hvacmania]

@@peter.g6 @lways

[@Chainyanker007]

Carl Stockmal - Just saw a video of the handful of houses he’s selling or sold, beyond gorgeous mansions, tens of millions each.

[@nxj18xbmc]

Interesting note, in terms of attention to detail: in the slide you show from Nikola that calculates miles per DGE, on the bottom row, where it says 1.14 "gal diesel / kg H2", based on dimensional analysis, it should read "kg H2 / gal diesel". I know this is a nit pick, but these kinds of little things often belie a wider kind of shoddy approach, and either an engineer didn't review the slide, or they didn't notice the error. If I was making a presentation like this to the public or investors, I'd be damn sure to have someone else check my math.

[@CommodoreFloopjack78]

Sure sounds to me that Nikola is poised to be the auto industry's version of Theranos.

[@GG-si7fw]

Nikola has no battery researcher. That is the question to ask about any legacy car company and startup. Who’s Lucid battery researcher? VW, Ford, GM, etc? How about Toyota or Honda? Is the person in charge of batteries a researcher,:engineer or chemist?

[@TheEvilmooseofdoom]

Lucid is buying their batteries from LG.

[@GG-si7fw]

@@TheEvilmooseofdoom I know that but who is their battery researcher? Porsche is using LG Chem batteries in their Taycan. Who is their battery researcher? To me, to make progress in the EV field, you must be on top of the battery research and filing patents otherwise other companies can leapfrog you.

[@TheEvilmooseofdoom]

@@GG-si7fw Google it. I'm not doing the leg work for you, it's a big company.

[@GG-si7fw]

@@TheEvilmooseofdoom No, I'm not asking you to do that but to ask for yourself about evaluating these companies that are making bold claims about battery tech. I want you to be cautious like me.

[@Lokeyy1]

I have a feeling that there will be a home for sale in Utah! at a steal price.

[@frenchyalicea649]

Complete w solar system!!!

[@simoc24]

It will be auctioned off by SEC

[@rodneywomack5285]

Great video. I am checking out your second channel. Are you doing anything on battery day?

[@TwoBitDaVinci]

I will have a comprehensive review of battery day published the following morning!

[@rodneywomack5285]

@@TwoBitDaVinci Great! Can't wait.

[@giansolomon]

When NKLA went public through the reverse merger it was clear then that the central players were not reputable, unproven and had designed short executive cash out windows unaligned with long term investors and whose compensation was unencumbered by any company production milestones. No one with any actual business sense would risk capital investing in a company structured that way. Enter 2020. An astonishing number of people are willing to dismiss traditional evaluation metrics in favor of the verbal, aspirational sales pitch. Unfortunately when confronted with inconsistencies or a lack of promised accomplishments the same people/retail investors double down and defend their perspectives by impugning the characters of the information delivery men. NKLA is an emotion over accomplishment cautionary tale of this era.

[@HitmanWorkout]

Ive done my fair share of research on Nikola this is a very well put together condensation of the state of affairs of the company. You earned my sub.

[@z4zuse]

GM just needed a nice EV subbrand. They will produce a Nikola truck, just not Trevor’s one. They got 11% share in NKLA, $700M cash from Nikola. If/when the deal closes (it is only signed at this moment) GM is fine. Not sure what is possible If it does not close.

[@timypp2894]

I'm scratching my head why GM has put some money into the company. I mean surely GM must have done some due diligence before signing? Must have got their engineers to look at the "engine" and all the other gubbings. If not, then it's one massive egg on GM management faces and lot of explaining to their shareholders.

[@TwoBitDaVinci]

Desperate to be in the news and relevant ?

[@TheEvilmooseofdoom]

GM didn't put in a dime.

[@michaelchristenbury552]

That sucks, I really wanted a Nikola one semi! I even put in a reservation.

[@rgm480]

Finally I understood all the buzz about Nikola Motors.

[@calebshonk5838]

Nikola is basically the exact opposite of Tesla. They've been making super sketchy big claims for years now. If they at least had a working, production ready prototype like the Roadster before they went public, I might have considered investing. But it just sounds like Nikola is built on a bed of lies and flawed vehicle concepts. More than anything, I think Nikola is just a big scam intended only to capitalize on Tesla's success and to enrich the CEO and his buddies (why else would they name their company "Nikola"?).

[@Bryan46162]

Nikola is the company that TESLAQ wanted Tesla to be.

[@dokkiro]

I recently heard of Hyundai-Kia partnering with Nikola and I suspect that first of Nikola are going to be rebranded Hyundai.

[@jorgeferreira4452]

I think this is to create confusion to the public about electric mobility. The majority of the misinformation may create some bad ideas about other companies (Tesla) versus big oil dependent ice manufacturers... and the arrangements between Nikola and GM get my thought in that direction. They could "loose" some billions but that is investing in bad advertising in renewal energy sector.

[@nunyabiz2016]

Missing major components like the drive train!!! lolll that's an understatement!

[@rlsingle00]

Thanks Rick great presentation of the the information on Nikola. It is hard to believe everything Nikola tells us now.

[@ajtrvll]

Great job!! Not easy to nail down a Nikola story when the Nikola story keeps evolving daily :)

[@TwoBitDaVinci]

Couldn't agree more, I had to read the script and change it on the fly... just ridiculous

[@steven4601]

Never gave this company much thought as the fragility of PEM cells & H2 production burden are to stay for a while. However from a distance it looked legit, an expensive H2 project vehicle/ecosystem. Hearing how he speaks about PEM cells/technology should raise more red flags than they self could ever pay for.

[@maartenvanneste]

Thank you. You intelect, calm an politeness are a beacon of light.

[@feuby8480]

I really, really like your conclusion : differenciate between a hoax, and the whole new companies going around. It's honnestly the best thing you ever said here. And you said a lot of good things.

[@TwoBitDaVinci]

thanks yeah, its tough with stories like this, but I appreciate you!

[@Bryan46162]

The SEC and now Justice department have now gotten involved. It will be interesting to see how Nikola tries to spin their actions. They've already admitted to many of the most damning but seem to be trying to argue that it's OK because [insert technicality here]. I'm not sure that many of the investors who gave Milton and Nikola money will be satisfied. They invested in Nikola because of their advanced proprietary technology and thus potential future earnings. From a shareholder perspective, it's bad that this advanced technology doesn't seem to exist... but the worst part about these OEM deals is that Nikola is now just printing stock to pay GM and others for the privilege of using THEIR technology, manufacturing and engineering know-how which then dilutes their original investments in Nikola. I smell future class action.

[@TheEvilmooseofdoom]

Future class action? I think there now a half dozen or so.

[@rifz42]

if they have to say "technically it's not a lie" then it's a lie

[@MausMasher54]

As far as a sole hydrogen fueled CMV goes, it can be done with existing CMVs via a rather low cost add-on....

[@Franklin-pc3xd]

Nice analysis - down to earth, realistic and respectful. Thanks for the heads up.

[@SamCambodianmusicchannel1]

I still don't get it why NKLA stock is still maintaining and not crash!

[@thadlm2698]

A very thoughtful and in-depth video review on this Nikola subject matter!

[@edwardstarling1835]

I work down the street from nikola. My company delivers there sometimes.....and the size is like a quarter of the tesla plant in nevada

[@johnalison2138]

As a Brit, I'm familiar with two terms: spiv and wide-boy. How Milton couldn't be seen for what he is the other side of the pond is amazing.

[@steveblomefield9513]

I would like to see a real driving badger at the coolidge construction site.

[@Chainyanker007]

Steve Blomefield - Don’t hold yourself breath.

[@steveblomefield9513]

@@Chainyanker007 kkkkkkk I aint... that's for sure

[@JK-zw8ec]

As always, buyer beware. Thanks for the objective reporting.

[@christianbarnay2499]

When he jokes during the conference that he won't allow anyone in the cabin of the truck on fear of them driving away, I'm shocked the audience didn't simply reply this: "Fine by us. Why don't you go up there yourself and fire it up to show us it's actually working?". This guy pretends from day one he has amazing new ground-breaking hydrogen technology and never ever displayed an actual single cell delivering power to a light bulb. But he makes sure all the design and display is all shiny and bright. This is just a beautiful empty shell company displaying beautiful empty shell assets. I understand investors are willing to take risks for high return. But come on, this is one of the oldest scams and I'm really surprised it still works so well on such a large scale. The truck is moving... On a straight line in the middle of a deserted area with no reference point to evaluate the angle of the road and the speed of the truck and no external witness to vouch for it. Are GM so desperate that they need to invest in such an obvious fraud for PR greenwashing? They would have much more success at a lower cost by developing their own battery in house. They will only lose money on this one.

[@alexd302]

Great video. You put your points so calmly and clearly without hysteria or foul language. I salute you.

[@TwoBitDaVinci]

Thank you!

[@janetizzy6741]

This man must have grown up envious of Preston Tucker. Oops, my bad, Tucker Motors did, actually, complete building 51 vehicles.

[@adamackels73]

I've been really busy with work.. I will say, I haven't had the time to watch any videos about Nikola, but your presentation was absolutely dead on! I figured Trevor was a deadbeat, and I figured he was doing shady things. That being said, I'm going to order a Model Y, around March or April next year..

[@blipco5]

With no drive train, that truck will pretty much last forever.

[@Okkannashukracharya]

😄

[@TwoBitDaVinci]

now that is TRULY "The glass is half full" thinking! :)

[@Tungsten23]

Nikola was a marketing campaign. Thats it. I almost bought into it when they said GM “invested” in it, thankfully researched that nikola gave GM newly minted stock for over evaluation

[@remoteportal]

I read that as “newly minted stock for ejaculation.”

[@cpbricef]

Another great video, look forward to the next.

[@Davesivak]

GREAT video Ricky, sound like another Theranos. Maybe Elizabeth Holmes and Trevor Milton are related...

[@TwoBitDaVinci]

lol the parallels are spooky!

[@simoc24]

Elizabeth Holmes did not buy a mansion :) Milton is worse

[@Davesivak]

@@TwoBitDaVinci Your timing on this video was perfect posting right before Trevor stepped down. Good job! Thanks for all your hard work.

[@Thelofiproduction]

well scripted and well presented ! well done Sir

[@brendenellasfunadventures4186]

Neonatal why there’s so mich resistance I want to short them so bad

[@machtundrebel3127]

Why don't you? I'm buying options next week.

[@paulmacapagal]

He is pretty much the same guy as the person who started the Fyre Festival.

[@korswe]

How does a CEO if a hydrogen fuel cell company not know what a PEM stands for? Pineapple-Mango? Come on people!

[@Chainyanker007]

EV or not EV that is the question for my next ride - Not to worry, he just quit as CEO. What me care?

[@dodgetruck67]

I busted out laughing when I heard 43 of 48 hydrogen stations are in Cali. Yeah, this infrastructure for hydrogen has a long way to go.

[@2pintsofcremedementh]

Great video - concise and so well presented. Finally an American who doesn't shout at the mic.

[@km4hr]

How could Nikola snooker GM and Bosch if there's nothing there?

[@TheFrenchPug]

Looks like they did a great job of snookering.

[@moebees3060]

People could ride in the cybertruck. Not drive in it.

[@TheEvilmooseofdoom]

At least _someone_ could drive it.

[@domingodeanda233]

That was pretty damn good, thanks.

[@davidwhamilton8559]

Shows you how desperate GM is to get involved with this so they can be the laughingstock of the OEMs. !!!!!!!!!!!!Shame on you GM!!!!!!!!!!!!!

[@carlsapartments8931]

A video online told the story of the Nikola board-of-directors (major Investors) reportedly being upset that Milton was liquidating shares to buy this $38 million dollar estate but ultimately decided to let him have his house "because you can't have a guy being worried about his living circumstances when he should be focused on the business".... oh really... meanwhile Elon Musk is sleeping in the factory staying there to all hours trying to work out manufacturing problems to smooth out production and increase volume of units.... How many units a week is Nikola making - ZERO - how many proto-types is Nikola building and testing - ZERO -. What Nikola does have is a $38 million dollar estate and a more TOYS than a spoiled child!!!! That's what TREVOR MILTON has built so far!

[@RasakBlood]

I watched one interview with Trevor Milton and then concluded it was at best a company of incompetence and at worst a scam. I mean he sounds like a bad stereotype of a used car salesperson.

[@Gracinda80]

How about Virgin Galactic?

[@rosewhite---]

I'm in UK and never heard of Nikola Motors!

[@operationhighjump4656]

Thank you for showing the BS Nicola and his owner this Criminal

[@DougGrinbergs]

Musk and Jobs also wealthy, smart, cocky, arrogant; Jobs infamous for adjective-rich RDF/Reality Distortion Field. (;-) Big difference: Milton only has vaporware. Can't wait to see how this works out for Barra, GM.

[@juventux]

One thing for sure, Nikola designs are "extreme beautiful".

[@SP-ie2ne]

Nikola just seems like an equivalent to Theranos