Trevor Milton, the founder of the electric truck company Nikola, has been charged with fraud. Milton is accused of misleading investors by inflating the company’s stock price on social media while receiving millions in personal benefits.» Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#Nikola #Stonks #EV
Founder Of Electric Truck Company, Nikola, Charged With Fraud
next guy will be Robinhood CEO
Do Lucid next
I had 63 shares of this stock. I sold at a high and didn’t look back. Once I started to hear about all the issues they just mention…it was time to get out. The pulling the truck up the hill…that was funny. I hope he goes to jail for a long time because people did lose a lot of money.
Musk: 👀
LOL, they couldn’t resist mentioning Elon’s name…pathetic.
Nikola did try to sue Tesla a while back, and Trevor has compared himself to Elon before.
Meanwhile, his competitor, Elon Musk, that does all sort of the exact same stuff, has Billions of dollars in US Federal Contracts, including classified ones. Connected power at the top now going after competition. Remember when Elon claimed cybertruck had unbreakable windows, and they literally broke on the stage where he tried to demonstrate?
So you have insider intel on Classified contracts with the US govt? Hahahaha
They almost made it through the whole story about TREVOR MILTON and his obvious fraud without taking a shot at Elon Musk. 🙄
Neee=cooo-la ? Um was this for a cough drop commercial at first. ?
Hmmm, anybody else remember Theranos? 😒
Here in Australia a company has developed a self driving truck no driver needed and the system can be retrofitted to current trucks on the road it’s a cool idea no need for drivers less truck crashes
How come they haven’t said anything on the internet
Elon musk do that too but no one care
What’s new 🙃
Nice lol
All NBC does is make false statements.
Didn’t they require a down payment of $125 for the F150 scam?
HA!
Elon, you have been warned…
Tesla and all this solar energy is truly a joke from day one but also I do have a airplane that flies with wind I use a airplane with no motor it glides through the air like a glider and it’s not solar power this is a new investment you fold it like you fold a paper airplane and you toss it in the sky and it flies let’s make millions what a joke this whole ministration is a joke Joe Biden and Kamala Harris while they’re pushing their business plans on to the American people they’re trying to suppress us by wearing a mask and getting vaccinated when clearly if you had the shot you shouldn’t have to wear a mask therefore this virus antidote does not work basically the common flu individuals seems to get over it their immune system fights off it quite frankly there’s been some incidents where doctors are using their power to create numbers that doesn’t exist and a pandemic crisis and a virus is real but yet missed the street f*** Joe Biden
Fraud? Geeeez who would have thought. If they have the time, they’ll get him. But they may have to go after the guy owing 7k to the IRS first.
He’s a billionaire because he probably ripped off others before too. Didn’t pay his taxes, etc.
LIke the comment below says, he’s qualified to be our leader!
He should call Tucker Carlson’s lawyer and “prove” that nobody in their right mind should believe him.
You obviously never understood what that lawyer meant with that comment and just because you have been indoctrinated to hate and laugh at anything conservative you understood what the liberal media fed you. The comment was referring to the fact that Tucker’s show is an opinion show and NOT a news show. Quit consuming what they feed you daily and think for yourself once in a while.
TDS much?
They look like the ones Joe Biden would advertise the pay to be vaccinated.
Anybody that was dumb enough to invest in that pipe dream deserves to lose their money
and Tesla isn’t being investigated???
For what ? Sounds like you lost a lot of money.
Tesla barely recently broke even. Only one model makes money, the Model Y, now. GM sells more Chevy Silverados than Tesla sells vehicles.
Once CT is ramped up fully, F and GM are going to be in a world of hurt. cheers!
Puts on Nikola.
🤦🏻….cheat…steal….lying….still American values 👌
What a moron. Hardly worthy of his company’s namesake.
What deserves the most mention is that GM fell for Milton’s scam. Hook, line, and sinker. They’re the ones who forked over the billions he ran with.
And they doubled down after they realized they’d been hoodwinked. Just to save face.
A GRIFTER I HOPE GOES TO JAIL AND GETS A “FRIENDLY” CELLMATE ! SUE THE COMPANY TOO !
Why isn’t Trevor Milton facing prison? If you are dealing with fraud – that isn’t about some kind of harmless crime – that is stealing from others using deception. And the word “fraud” was used multiple times in the reporting.
These guys probably got somebody one on the inside this is probably just a con move to see how it moves down the chain in the government.
Just how trump doing it. To obvious
Hope BITENS an polosi looaes billions on this..bawahaha
Trump university alumni
Scams fail when reality catches up. Reality always wins.
If you can listen to Trevor talk, and he sounds believable, you are in the bottom 10% of the Bell Curve.
Solvingthemoneyproblem?
greed is an addiction. when you have it your wealth is never enough. you NEED more and more. those that have the addiction really need care, long term institutional care. in this man’s case, behind bars care.
the rich get fines, the poor get jail time.
The virus is that the conservative movement
Such a shame, wonder, how much (financial) damage this caused to honest, hard working men. Hoping for justice, even i know, it will take longer to come than after if one had stolen an apple.
When you support a capitalistic system that has no regulations, respects no laws, has little to no moral fibre or ethics… you’re surprised?!?! Accountability and Justice now! Tax the rich.
No one needed to investagate Milton as he was a well known fraudster for years. The ones that should be charged are the ones that put all these IPO’s out in the first place! Now you people out there got this worthless stock in your 401k and don’t even know it!.
Tom Nash saw this coming a year ago.
Remember the Dale. Car to get 60 mpg. How about Harken energy George bush. Trump university and trump’s nonprofit organization. Many Scams.
Every time I hear the truck rolling down the hill I start laughing. Then realize i have shares and start to laugh again.
I wonder when this guy will be on american greed. If he was smart he really could avoided the corruption and sold his truck design to another real truck manufacturer.
Elon guilty as sin y’all… Just saying
Everybody wants to be like Elon. Nope. The Thanos of the EV world. Lucid is next.
Haha
The American Economy and all the Markets are the modern Gilded Age of the late 1800’s.
Everything on tv iS not what it seems
The imaginary shoe utrastructurally blink because protest critically land barring a marked bestseller. dependent, ruthless robert
Electric cars and trucks. Can’t be used in comefornia
And they sued tesla for stealing their looks.
Remember Theranos?
Plot twist: Elon is behind all of this, taking out the opposition. Only enough room for one NIKOLI TESLA. 🧐
At least Elon’s stuff mostly comes true. Remember how people doubted him about SpaceX when he first announced it?
Rolled it down hill.🤦🏾♂️
Finessed…💯🔥🚀
When you order a Tesla on Wish.. 😶
Elon musk is been doing this but never charge?
Where’s was the hedge funds did they #NAKED SHORT #FAKE
;
Lmao
He is Donald trump cousin 😂
They said he is running for President 2024
Charged 🔋🔌⚡ Makes sense!!! 🤣
🧐
This is partly why the “ceo worship” currently prevalent ( at least in US) is so dangerous.
Why would a billionaire surbotage himself like this, he already has billions of dollars, why try to make such blunt lies that can’t be hidden much long
Sounds like elon and the Tesla company.. 300 mile range is the best you can do elon. This guy applauds short sellers.. How on earth do you bet against an American company.. Question ALL billionaires.. They are all dirtballs..
Didn’t apple do that with the iPhone?
(Cough cough)Hyperloop(cough cough)🤭
Fraud on a whole stupid level
Similar to when you created an amazing heat pump or use Chinese battery tech as your own. Cough Teslavers.
Why isn’t “Heavy D Sparks” from the Diesel Brothers being charged as well? He was also spreading lies. If he received any stock for doing this he should also me charged.
Ppl were genuinely calling this guy a genius and calling Elon a fraud 😂😂😂
wow this is the craziest thing in automotive industry since John DeLorean.
buying puts on Trevors life
Proverbs 1:19 King James Version
19So are the ways of every one that is greedy of gain; which taketh away the life of the owners thereof.
He’s definitely presidential material for Republicans
Nik-o-la, not Ni-Kola
This is electrifying news!
just bought more stock
Typical of NBC to take a gratuitous and misleading shot at Elon Musk in the final seconds of the report, despite the fact that part of Trevor Milton’s fraud was to name his company, Nikola, after the inventor Nikola Tesla, most likely in hopes that investors would confuse his empty-promises company with the meteoric success story of Elon Musk’s company, Tesla Motors, despite the fact that Nikola has no profits, no product, no revenue, and is on the brink of bankruptcy, whereas Tesla has delivered over 1.5 million working electric cars to customers, made over $1 Billion in profits (on revenue of over $10 Billion) in the most recent quarter alone (Q2 of 2021), has over $4 Billion cash on hand, and is growing unit deliveries at a rate of over 100% year over year, and the fact that Nikola went public in 2020 as part of a SPAC, whereas Tesla went public through the traditional process of an IPO ten years earlier, in 2010. The two companies could hardly be more different. Trevor Milton is charged with fraud for claiming to have products that never existed, whereas Elon Musk and Tesla make the Model 3 sedan—currently the best-selling electric vehicle in the world, one of the 20 best-selling cars of any kind (gas, diesel, hybrid, or electric) in the world, and one of the five safest cars in the world, according to NHTSA testing, as well as the Model Y SUV crossover, whose sales are expected to eclipse the Model 3, the Model S luxury performance sedan, named Motor Trend car of the decade and currently the quickest performance car in the world (0-60 mph in 2.9 sec, quarter mile in < 10 sec), as well as one of the five safest cars ever tested by the NHTSA (four of the five highest-rated cars for safety are made by Tesla).
so he no man sky’d the market.
This guys got to be related to Trump … if he’s lucky gullible Trump supporters will be in the jury box
Shows poor leadership of Mary Barra as she wanted to invest Billions in this company that’s a fraud. Entire GM team should be ashamed of themselves.