SHOCKER! Nikola Accused Of Being A FRAUD! Who Saw THAT Coming? Uh, We Did.

AVANTI R5 · 09-11-2020, 06:22 AM

The sensational claims, made in a report by the hedge fund Hindenburg Research, come just two days after General Motors announced it would be investing $2 billion in the company.

In its lengthy report, Hindenburg claimed to have 'extensive evidence' that the company's proprietary technology was purchased from another company, and accused Nikola founder and CEO Trevor Milton of making countless false statements over the last decade. The company is accused of faking a promotional video for its truck, the Nikola One, in 2018.

The truck reportedly didn't have a functioning engine so instead it was rolled down a hill with the footage edited to make it appear as if it was driving on a flat road. 'Trevor has managed to parlay these false statements made over the course of a decade into a $20 billion public company,' Hindenburg wrote. 'He has inked partnerships with some of the top auto companies in the world, all desperate to catch up to Tesla and to harness the [Electric Vehicle wave].' Nikola's stock prices plummeted as much as 13 percent Thursday, hours after the report was released.

Read article at link

https://www.dailymail.co.uk/news/art...ate-fraud.html

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Keshav · 09-11-2020, 10:21 AM

obvious fraud is obvious.

Snow Drift · 09-11-2020, 10:33 AM

There's always been a lot of fishy stuff going on. Hopefully it's not as bad as we think.

samb · 09-11-2020, 10:43 AM

YouTube (Short URL)

oichan · 09-11-2020, 11:22 AM

What, that was a fake??

mhoward1 · 09-11-2020, 11:58 AM

More

https://electrek.co/2020/09/11/nikol...es-gm-nothing/

oichan · 09-11-2020, 12:46 PM

At this point GM probably doesn't want to appear like a sucker so they are just looking forward.. as if they knew.. (?)

DarkstarII · 09-11-2020, 12:57 PM

F that, I'm buying stock!

Snow Drift · 09-11-2020, 12:59 PM

Quote:

Originally Posted by oichan

What, that was a fake??

Allegedly, they rolled it downhill

Masterauto · 09-11-2020, 01:36 PM

NOW Lets talk about FISKER that fleeced $500 million taxpayer money with nothing to show, Never opened the old GM Boxwood plant in Biden Delaware

Hierick Fisker pushing a new car he claims can fully charge in 10 min

juanmedina · 09-11-2020, 01:44 PM

I thought fuel-cells were king

oichan · 09-11-2020, 03:02 PM

I suppose it can be if making hydrogen fuel can be done cheaply. GM recently announced collaboration with Honda. Honda's pretty known (?) for its fuel cell tech.

oichan · 09-11-2020, 03:02 PM

Quote:

Originally Posted by Snow Drift

Allegedly, they rolled it downhill

These guys are getting smart!

Keshav · 09-21-2020, 11:26 AM

Rumor is that Trevor Milton has been arrested in Phoenix, AZ.

This house of cards is coming down.

legacy_etu · 09-21-2020, 12:18 PM

Quote:

Originally Posted by Masterauto

NOW Lets talk about FISKER that fleeced $500 million taxpayer money with nothing to show, Never opened the old GM Boxwood plant in Biden Delaware

Hierick Fisker pushing a new car he claims can fully charge in 10 min

Fisker who?

godfather2112 · 09-21-2020, 01:12 PM

Quote:

Originally Posted by Masterauto

NOW Lets talk about FISKER that fleeced $500 million taxpayer money with nothing to show, Never opened the old GM Boxwood plant in Biden Delaware

Hierick Fisker pushing a new car he claims can fully charge in 10 min

Oh god, shut the **** up already. Here's you're warning for Monday morning. Stop trolling. Stop straw man and moving goal posts. This thread is about Nikola and what's transpiring. Cant post something related, stay out.

Masterauto · 09-23-2020, 12:42 PM

Almost all the Green energy movement was a fraud and none investigated where the money went FISKER, SOLYDRA A1 Battery,DETROIT ELECTRIC CAR

Nissan battery plant in TN and hundreds of others. Taxpayer go the bill $

YouTube (Short URL)

godfather2112 · 09-23-2020, 12:50 PM

Quote:

Originally Posted by Masterauto

Almost all the Green energy movement was a fraud and none investigated where the money went FISKER, SOLYDRA A1 Battery,DETROIT ELECTRIC CAR

Nissan battery plant in TN and hundreds of others. Taxpayer go the bill $
https://youtu.be/Zk11vI-7czE

You just had to poke the beer despite the warning.

Pre · 09-23-2020, 01:04 PM

I think he has a lot of money invested in oil. IIRC, I think that's him, hence the persistent anti-green errything.

RealDealTarheel · 09-23-2020, 04:21 PM

I didn't know that poking beer was bad, I thought it was how you got the head to subside.

legacy_etu · 09-23-2020, 04:32 PM

Hmmm, seems like I just stepped into the middle of something by quoting Masterauto and Fisker??

godfather2112 · 09-23-2020, 04:37 PM

Quote:

Originally Posted by RealDealTarheel

I didn't know that poking beer was bad, I thought it was how you got the head to subside.

Fat thumbs. I meant bear.

Dex · 09-23-2020, 06:18 PM

Hahaha, took me a second, I totally saw bear on the first pass.

Hondaslayer · 09-25-2020, 02:58 PM

Quote:

Originally Posted by godfather2112

You just had to poke the beer despite the warning.

Always good advice.

Keshav · 09-29-2020, 01:28 PM

Twitter

0h.

09-11-2020, 06:22 AM	#1
AVANTI R5 Scooby Guru Member#: 73805 Join Date: Nov 2004	SHOCKER! Nikola Accused Of Being A FRAUD! Who Saw THAT Coming? Uh, We Did. The sensational claims, made in a report by the hedge fund Hindenburg Research, come just two days after General Motors announced it would be investing $2 billion in the company. In its lengthy report, Hindenburg claimed to have 'extensive evidence' that the company's proprietary technology was purchased from another company, and accused Nikola founder and CEO Trevor Milton of making countless false statements over the last decade. The company is accused of faking a promotional video for its truck, the Nikola One, in 2018. The truck reportedly didn't have a functioning engine so instead it was rolled down a hill with the footage edited to make it appear as if it was driving on a flat road. 'Trevor has managed to parlay these false statements made over the course of a decade into a $20 billion public company,' Hindenburg wrote. 'He has inked partnerships with some of the top auto companies in the world, all desperate to catch up to Tesla and to harness the [Electric Vehicle wave].' Nikola's stock prices plummeted as much as 13 percent Thursday, hours after the report was released. Read article at link https://www.dailymail.co.uk/news/art...ate-fraud.html * Registered users of the site do not see these ads.

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09-11-2020, 10:21 AM	#2
Keshav Scooby Specialist Member#: 1654 Join Date: Jun 2000 Chapter/Region: NWIC Location: Seattle, WA, USA Vehicle: 2019 GoCycle GX MV Agusta Brutale S	obvious fraud is obvious.

09-11-2020, 10:33 AM	#3
Snow Drift Scooby Specialist Member#: 75071 Join Date: Nov 2004 Chapter/Region: Tri-State Location: Long Island Vehicle: AR Giulia,Tesla MY Old: 05 08 11 WRX, 18 STI	There's always been a lot of fishy stuff going on. Hopefully it's not as bad as we think.

09-11-2020, 11:22 AM	#5
oichan Scooby Specialist Member#: 492327 Join Date: Oct 2018 Location: A car lounge in the midwest Vehicle: 19 WRX 16 STI 17Mk7R 20Supra 20Forester	What, that was a fake??

09-11-2020, 11:58 AM	#6
mhoward1 Scooby Guru Member#: 9481 Join Date: Aug 2001 Chapter/Region: South East Location: FFR Challenge #43 Vehicle: 1832 Steam Buggy Wood	More https://electrek.co/2020/09/11/nikol...es-gm-nothing/

09-11-2020, 12:46 PM	#7
oichan Scooby Specialist Member#: 492327 Join Date: Oct 2018 Location: A car lounge in the midwest Vehicle: 19 WRX 16 STI 17Mk7R 20Supra 20Forester	At this point GM probably doesn't want to appear like a sucker so they are just looking forward.. as if they knew.. (?)

09-11-2020, 12:57 PM	#8
DarkstarII Scooby Newbie Member#: 165232 Join Date: Nov 2007 Chapter/Region: MWSOC Location: Michigan Vehicle: 2007 STi Ltd #158 White Pearl	F that, I'm buying stock!

09-11-2020, 01:36 PM	#10
Masterauto Scooby Specialist Member#: 198376 Join Date: Dec 2008 Chapter/Region: MAIC Location: Delaware Vehicle: 22 RAM 1500 diesel BMW ///M4 23'	NOW Lets talk about FISKER that fleeced $500 million taxpayer money with nothing to show, Never opened the old GM Boxwood plant in Biden Delaware Hierick Fisker pushing a new car he claims can fully charge in 10 min

09-11-2020, 01:44 PM	#11
juanmedina Scooby Guru Member#: 133146 Join Date: Nov 2006 Location: SC Vehicle: 07 FPgreen 7.37@95 WRX VF39+E85 12.0, 121mph	I thought fuel-cells were king

09-11-2020, 03:02 PM	#12
oichan Scooby Specialist Member#: 492327 Join Date: Oct 2018 Location: A car lounge in the midwest Vehicle: 19 WRX 16 STI 17Mk7R 20Supra 20Forester	I suppose it can be if making hydrogen fuel can be done cheaply. GM recently announced collaboration with Honda. Honda's pretty known (?) for its fuel cell tech.

09-21-2020, 11:26 AM	#14
Keshav Scooby Specialist Member#: 1654 Join Date: Jun 2000 Chapter/Region: NWIC Location: Seattle, WA, USA Vehicle: 2019 GoCycle GX MV Agusta Brutale S	Rumor is that Trevor Milton has been arrested in Phoenix, AZ. This house of cards is coming down.

09-23-2020, 01:04 PM	#19
Pre Scooby Guru Member#: 139693 Join Date: Feb 2007 Vehicle: Dura ngo 95 horrorshow	I think he has a lot of money invested in oil. IIRC, I think that's him, hence the persistent anti-green errything.

09-23-2020, 04:21 PM	#20
RealDealTarheel Scooby Specialist Member#: 142447 Join Date: Mar 2007 Chapter/Region: AKIC Location: Not so Fair...banks Vehicle: 2019 Audi S3	I didn't know that poking beer was bad, I thought it was how you got the head to subside.

09-23-2020, 04:32 PM	#21
legacy_etu Scooby Newbie Member#: 35985 Join Date: Apr 2003 Chapter/Region: NESIC Location: RI Vehicle: 20 Supra 16 Jeep Wrangler Unltd.	Hmmm, seems like I just stepped into the middle of something by quoting Masterauto and Fisker??

09-23-2020, 06:18 PM	#23
Dex Scooby Specialist Member#: 163775 Join Date: Nov 2007 Location: Somewhere spilling coffee Vehicle: 2023 BRZ CWP	Hahaha, took me a second, I totally saw bear on the first pass.