What really blows my mind is how Bosch, GM, etc. got fooled by this guy. This is why you really need to have senior engineers supervise the MBA types, and not the other way around.
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.
How those major corporations got duped by a "snake-oil" salesman is almost amazing.
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 !
Wait... investors yoloing in all their money without doing a lick of research??? There's a few crypto-related subreddits that should watch this
You did more research into Nikola Motors than Nikola Motors did into hydrogen electric motors. Amazing.
I remember when Nikola surpassed Ford without ever selling anything; that was hilarious and my favorite part of this story.
Well, technically, a truck that doesn't start is indeed zero emissions
Bro made the most of that one semester studying Sales and Marketing. This has to beat the record for RoI anywhere lol.
This is mind-blowing! The most successful truck company that never sold a truck!
He just got pardoned. Wtf. Dystopian times is an understatement.
I think the biggest factor in him being able to pull this off is Tesla's success and people who missed that boat jumping on anything resembling a "second chance".
My favourite memory of Nikola was all the fanboys on YouTube and elsewhere calling me a "hater" for thinking this was all smoke and mirrors. I'm literally howling with laughter now. Ridiculous. Thanks for the video Dagogo.
Amazing how his story pretty much mirros Elizabeth Holme's. Dropped out of college, started a business they had no experience in, lied to investors, put out a show that had a nonfunctioning product, based on science that did not exist. Changed the focus of the inventino midstream. And all these big companies just bought into it with zero vetting. What a great video. Thank you.
I bet in the future he donates a tiny % of all his fortunes to a politician and gets all his charges dropped... Oh wait
Nikola was known for Alternating Current but based on Trevor's trickery of rolling a truck down a hill he should have named the company Newton after the person that discovered gravity.
this guy is the embodiment of the phrase "trust me bro"
This is what happens when we stop questioning people, and judging them on what they say they are instead of their merit
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?
@leebs00