Hyzon Motors, Like Nikola But Worse
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- Опубликовано: 28 май 2024
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Hyzon Motors is a hydrogen truck company that went public by merging with a SPAC in 2021. Shortly after it went public it was exposed that many of their technical claims and reported financial results were fraudulent.
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#Wallstreetmillennial #hydrogen
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0:00 - 2:56 Intro
2:57 - 6:22 The SPAC merger
6:23 - 11:05 The fraud
11:06 Fooled again 
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@wallstreetmillenial how can someone get in touch with your team?
Bespoke post is a scam. The stuff you get is not nearly worth what you pay!! ...how could it? The company wouldn't make any money.
As a finance person, you should know that yet you decide to be sponsored by the company, which is clearly a scam.
@@alphadawg81well this channel forte is scams
@@alphadawg81 I cannot say if it is a scam... but it sure looks pretentious AF.
@@davidc1878 I've never subscribed to these but I know people who have and generally they just buy merchandise that doesn't sell for pennies at the dollar, mark them up back to MSRP or higher, then "discount" them. Scam? Not really. Worth the money? Definitely no.
Had a friend who got a few with knives and other "guy stuff" from one such company. As a guy into knives myself, I knew they were trash immediately and just fiddling with them for a second was all I needed to verify. They weren't worth $5 much less the $95 (80% off!) the service was trying to imply.
Grab a snack and a drink, time for today's "merged with a SPAC" video.
Perhaps the common thread is kids, who may not be qualified to run a lemonade stand, being CEOs of multi billion dollar companies
SPAC is just another word for fraud.
Possible loophole here: that's a hydrogen-carrying truck that runs on milk.
You're describing me running around with a hydrogen tank now
Lmfao dude you killed me
Well, milk is 11% hydrogen
4 years in jail vs having spent all his adult years as a crook and scammer? Yeah, I’m sure ol’ Trev will be on the straight and narrow for the rest of his life 🙄
He and Billy McFarland will go into business together. 😆
Right? "That'll teach him!"
Because he voted and donated the correct way, read between the lines!!!!
Trevor : DON'T drop the soap 🧼in prison! 😅😅😊😊😊
Fool me once: shame on you,
Fool me twice: are you Jim Kramer?
If you fool Jim Kramer twice, you can fool him again.
umm... it is actually "am i jim krammer if yes, you can fool me agin"
You def are connected to the logic and spirit of the times
Jim is actually pretty smart if you consider he trades against his own recommendations expecting his influence to move prices.
It's always a damn SPAC.
Can we please all stop investing in SPACs! More fun to just chuck cash into a wood chipper.
How about we find a way to make them illegal? (No idea of that's easily feasible) There is a reason IPOs require a lot of disclosure. Why are we allowing companies to just skip that step?
And usually a "green/environmentally sensitive" company
Trevor Milton ONLY got 4 years?!? How?
The difference between him and Elizabeth Holmes is she stole from the powerful and wealthy and worse made them look dumb
Trevor stole from retail.
She got 11 years and he got 4 despite him stealing at least 3-5x more
Imagine people think SBF will get life 😂
😂😂😂 he won.
stupid west , stupid western financial system 😂😂😂 and after all these lies and frauds westerners and western countries wants to convince the rest of the world of their superiority 😂😂 This is the end of the western fraudulent marketing tactics.
we are the middle eastern nations are on our way to overcome the west
Capitalism always win.
It’s mind blowing how little accountability there is for securities fraud. The severity of the punishment should be on par with the number of people affected by the fraud and how much they were affected. Just because there wasn’t any violence doesn’t mean people aren’t being hurt. For all we know, there are people who lost their homes because they were all in on that investment. Regardless, 4 years is not enough to get these criminals to stop doing things like this. People would be robbing banks on the daily if they knew they could pay off the authorities with the bank money they stole. Why these criminals on Wall Street get to keep doing that kind of BS just goes to show how the system is meant for the rich to succeed no matter what.
People who shop lift at a place like Wal-Mart frequently do more time in the pen than white collar criminals. And the white collar guys get to do their time in a fancy country club type of prison too. Money is all that matters in America.
@@kendalson7100 Yup. Totally agree. The corruption is disgusting.
Makes you wonder don't it? Bernie screwed the millionaires and go thrown in jail forever, this guy destroys lots of little investors and they couldn't give a fuck less, jeez how coincidental
I'm just tired of all these light prison terms being handed out.
Being a felon and starting over is a whole new prison sentence when he gets out trust me.
Standard wall street technique - create a hifi looking company, file patents for their innovations, bring in celebrity investors, find legal loopholes (SPAC) to list on the market, then milk in the suckers!
Who are the celebrity investors in Nikola and Hyzon? What patents have the two companies filed? They're struggling companies that misrepresented (lied) to investors, but the rest of your analysis is flawed.
@@skierpagethe celebrity in both cases is climate change
That's actually *THE* standard wall street tactic 🤣🤣🤣🤣
@@skierpage Thanks for your insights. This means that not even the standard technique is needed to fool investors!
Anyone got a list of companies that used a SPAC to go public that weren't an outright scam?
It's almost like there may be reasons why some companies fail to go public via the proper channels...
Rocket Lab isn't an outright scam, although there is a significant chance they will never be profitable, cant think of any others off the top of my head. I think prior to the SPAC craze of the last few years there may have been a couple of legitimate companies that went public via SPAC simply because they could get a better deal that way, but I would never put money into one today.
I think I have a complete list right here in front of me. The page is blank.
DJT and OKLO, maybe. Probably some others I don't know about.
love this channel. but that ad was bad
Man gonna feed his kids
I like how their original customer map at 3:53 even has a note at the bottom which basically says "We made all of this up, none of these companies actually bought anything from us directly". SPAC-mania really did make investors completely blind to the obvious, didn't it?
I'm sorry... the Bespoke Post ad segment (and their business model by extension) seems so bad... On one hand, this is excessive consumerism to the logical extreme. You don't even have to select the garbage to buy that you're never gonna use. On the other hand, it's an excuse for them to sell you stuff they got at a discount that they weren't able to sell off otherwise.
For most other channels I would let this slide, but we should hold eachother to higher business standards here. Love your content
@@timothymiller806let him get that sponsorship bag and just don’t buy their product
THIS! I get it that yters gotta get the bag but I feel like they should be more *selective* with who they get their sponsorships from
@hbryster96 the sad truth is they don't as advertisers will only want to advertise if it's within their audience and they don't make any money via ad revenue they make money through referrals typing in their name and code and such, in fact for every 10k views a video only earns between 1 penny and ⅒ a penny, depending on the channel lol so they take what they can get because they are lazy and don't want to get up for a real job that they otherwise can't obtain legitimately, being a dumbass RUclipsr reciting shit any computer to come up and compiling the same information everyone else has without the experienced contextual understanding to explain it all really is dumbing down society, WSM seems to be able to say a shit ton without getting to the point or saying much of anything, I've gotten so frustrated when it takes 30 slow talking minutes for this kid to say 3 minutes worth of background info
I'm not going to try to correct any grammar I'm already fucked as this thing re-auto corrects a sentence later and I don't notice it, fuck this fone it won't let me completely turn off auto cowreck
Bespoke post is a scam. The stuff you get is not nearly worth what you pay!! ...how could it? The company wouldnt make any money.
As a finance person you should know that yet you decide to be sponsored by the company.
Wait until you realize literally everything is a scam and everyone is screwing you. 😅
@@snorman1911
My comment was meant to be a warning to others rather than just a complaint.
@@alphadawg81 At this point the pool of companies willing to partner with youtubers for in content ads are so bad, it practically is a bigger red flag than infomercials
Next up, lithium powered passenger planes. Cuz why not?!
Thats already a thing.
Best thing is there's a Motley Fool article from 2022 telling people to forget Nikola, get Hyzon. Awesome.
Do a video on Boeing covering the, engine fire, wheel falling off, door blowing out, MCAS and the recent whistle blower “suicide”, and how this will impact airlines & aviation
Did they let gravity do all the work again?
I dont know why these guys dont just sell this Gravity-Drive tech, seems lucrative
@@adamkares7549 hydropower is gravity driven.
He said in the video. They used a diesel truck and pretended it was one of their hydrogen trucks.
The city of edmonton in alberta is suing an ev company by the name of proterra based in california for 82 million dollars for providing faulty ev busses and false range estimates.
Proterra declared bankruptcy, so Edmonton is unlikely to see a penny. Volvo Trucks acquired Proterra's battery business.
Nikola was going to use Proterra's batteries in its hydrogen Tre trucks, that deal is in jeopardy. Nikola already had the fiasco of using batteries from Romeo Power for its battery Tre trucks, acquiring the company to avoid its supplier going bankrupt, finding out Romeo Power was a scam company, and liquidating it for pennies: and then four trucks caught fire so all ~380 Tre trucks are sitting outside the factory in Arizona.
Large EV ‘s are so far away from being efficient. It’s hard to believe no due diligence was done before spending that much money….
@@yankees29 a large EV still travels further per kWh than a comparable diesel vehicle travels on the same amount of energy. Blowing fossil fuel up to make a lot of heat and a little forward motion is fundamentally and inevitably far less efficient than putting electricity into a battery to power a motor; size has nothing to do with it.
@@skierpage it does but it also costs a lot more to make and they take a long time to recharge.
I saw a Nikola semi on the road the other day. I thought it was weird. I didnt know they had ever brought an actual product to market.
Nikola converted about 380 Iveco S-Way trucks to battery Tre trucks, and counted sending them to dealers as sales. But then the batteries in four of the trucks caught fire, so they were all recalled.
Meanwhile it has made about 40 hydrogen fuel cell Tre trucks. It will lose money on every one it manages to sell, and will lose even more money supplying hydrogen to them.
Then you see edison motors. Posting videos semi daily showing their entire building, testing and first drives as well as the problems they have faced. Now they are renovating a shop here in northern bc to build their electric logging and vocational trucks.first load was 100,000 lbs it towed on flat ground with no gimmicks.
next year it will be "Enride Motors, like Hyzon but Worse".
_"There's an old saying in Tennessee - I know it's in Texas, probably in Tennessee - that says, fool me once, shame on - shame on you. Fool me - you can't get fooled again."_ *- George W. Bush* 🤨 🧐 😳
George W. Bush the original Biden xd
*original trump@@jean_hurst
I haven't seen all of the videos on the second channel but the ones I have are great!
Superb work you're producing! Congrats to your small (for now) Team!
They should be plug-in diesel-electric hybrid type trucks for immediate mass deployment but then the option to slap a fuel cell and hydrogen tanks on it at the point where that makes sense as an alternative to diesel… once you electrify the drivetrain it’s easy to reconfigure the power source because the requirements are that it be a generator, essentially.
There is no new technology here - fuel cells , electric motors etc. have been around for decades. It should not have been difficult to establish the basic workability of this kind of proposed design. At least to the level of what could be written on a cocktail napkin.
Converting a diesel truck to hydrogen is a worthwhile 2-year project for the engineering school of a 2nd-tier university. But a very expensive vehicle refueled at non-existent hydrogen stations with extremely expensive fuel never made economic sense as the basis for a startup. Just more Hydrogen Economy™ hype.
imagine if some company does these trucks right
No one would believe them.
A real win for planet earth.
The way to do a hydrogen truck right is to increase the size of the battery that it needs to compensate for low fuel cell power, to the point that it doesn't need wimpy fuel cells nor extremely expensive hydrogen from a non-existent refueling network. Hydrogen is dead for land transportation, It can't compete with battery vehicles that are cheaper to buy and much cheaper to operate.
Glad to see more people are starting to talk about Hyzon.
Why is it so hard to convince Heineken and Coca Cola to stop carbonating?
Bet these guys would like a do-over. Maybe they'd be interested in the time machine I've built. I have MANY orders pending!
What is this hype with hydrogen trucks? As I know, fuel cell buses, cars and trucks exist since over 40 years and companies like Hyundai produce these in there regular production series. Are those investors so uninformed?
In short: yes. Whenever it comes to anything technological, assume that most investors don't even know how to start their own pcs without help. Especialy when basic physics and chemistry tells you that they are an inherently inferior product, which caanot be overcome.
i havent even watched this yet, i just laughed so hard at the title and thumbnail
bankers made and got to keep the money.......the more things change, the more they stay the same
i work for a company called vistar which is owned by PfG and we literally have a couple of hyzon trucks on the road i would say they started driving them very recently like a month ago we are located in fontana ca they had news crew to show off a bit
Nice... Good call on turning the camera sideways. Very sneaky indeed.
The guy in the thumbnail looks like a cross between Trevor Milton and Lou Pearlman (con artist who also successfully promoted boy bands).
I’d like to see a video explaining the difficulties of powering vehicles with hydrogen field cells. It seems they tend to constantly crash and burn and no one seems to be the wiser.
hydrogen is the issue. creation, storage, transport. "Hydrogen Will Not Save Us. Here's Why." from the channel Sabine Hossenfelder
It's very simple. Anyone with even a basic understanding of math and science will look at the kWhs required per mile traveled of HFCVs vs BEVs and how expensive and energy intensive it is to produce, transfer, and store hydrogen to realize it is a dead end and always will be. Investing in hydrogen is a trap for the stupid.
I dont understand why they just don´t build a working truck. Building a FCEV is dead simple.
This video doesn't mention it, but Hyzon has had trucks with a working hydrogen part too. It is NOT dead simple
What I don't understand is that it seems no one was able to make a truck that runs on hydrogen. You can run engines on hydrogen so it is doable. OFC the issue becomes more about cost, support etc. But I don't get why, with all of that investment capital, they could not manage to at least retrofit an existing truck to run on hydrogen. WTF? Could it be that none of these companies ever actually intended to produce anything?
Milton got 4 years and kept the money.. a giga Chad
Are ALL Spacs scams???
Pretty much yes. I mean, why else would you go public in a way specifically designed to circumvent normal regulations?
It's a bit like a loan shark. If you have collateral you can post, why would you not just go to a normal bank that is happy to have your business?
All of them, except the Trump one, he is a super honest skilled businessman who would never engage in fraud and have his university shut down, his charity shut down, get fined $350 million dollars for fraudulent business practices by the state of New York…
Yes. The answer is yes.
Who the fuck let James Corden make an investor pitch? Better question, who the fuck heard the pitch and was convinced?
Im not even religious but Im pretty sure James Corden is a punishment from God
Never underestimate greed and stupidity. If it seems to good to be true, it is.
Always strikes me as weird how people line up to buy companies right as the owner is about to logically make a ton of money..... Almost as if it's a scam before you even see it coming 🤣
I’m pretty sure Boules was well known long before Bespoke Post. Just saying
All bullsh8t . They should be prosecuted for fraud.
How do people stupid enough to fall for these scams have money to invest?
I am more surprised that this companys still exist after they have been exposed of fraud
What was the job of the SEC again?
My favorite president quote lol
Awesome thanks
From worst to FIRST!!!
Whatever dumpster fire Tesla is, at least Elon is selling functioning cars. 😅
Has there ever been a non crooked SPAC? .. also everyone knows boules! Im shocked.
That title
I'm thinking there's no way someone could be worse than Trevor Milton.
love this cold open lol
Shoutout to Dubya
Fool me can get fooled again🤣😱🤦♂
This video was more about Nikola than Hyzon. 😳
For some reason I find fat businessmen untrustworthy
That guy got a sweet deal I wonder how much money he has left probably billions
4:03 70% of the time it works every time
Bohls sounds a lot like Bocce
Someone call Hindenburg Research.
Nice
If its worse at being a scam, its actually a better company though.
Someone must be hyzon something to do this again
BOULES???? It's Pétanque!!!
Lol from masterworks to moomoo, now bespoke…. Lmao
I'm beginning to think RUclips sponsorships are just as much a red flag as SPAC IPOs.
I swear there hydrogen tryck companies are like, designed to fail embarassingly, starting to suspect its a seyup by the legacy teyck comoanies and Tesla. "See? I told you hydrogen is dumb and a scam. Now, do you want the 100 mile range tesla semi or the 150 tesla semi super?"
Isn't a transport vehicle outfit branding itself as any kind of tech company a tell?
I keep seeing videos of people shilling these stocks, I honestly don’t get it.
It’s not funny but I still can’t help laughing every time I hear of Nikolas fraud by pretending they had a “working truck by rolling it down a hill”. I’ve cry laughed over it at least once. I love business so much, it has the most consistent oddball wild characters and stories in human form
You can't fool, a fool; twice
You know what I mean?
- Jr.
No clue🙄
Before i watch this. At least he didn't name his brand after a guy.
Looking at you, Edison Moters.
Remember to revisit your amazing videos on btc and el salvador crashing….. 🥴
They are only up 200 million
Heineken is made in Greenland?
I noticed you pronounced Nikola two different ways at the end; right after each other. I'm convinced WSM is using an AI voice at this point.
Brother if you go to 5:25 you will see three different logos on those trucks
That's how you know 😅
@@princemc35 I think faking being a real person narrating these when before it was a real person is more egregious.
I wonder when Mullen Automotive would be next. A lot of investors have lost their life savings
How do people think these schemes won’t eventually blow up?
They genuinely believe that if they can just keep faking it until they have a working product and then rush that out the door it’ll be fine
And they’re usually “in too deep” before they start to doubt and by then…. It’s do or die
you should see what happened to CYA
Boules is French for balls lol looks like that's a bocce ball set with a different name
The game is called pétanque in France. But played in a boulodrome terrain.
Realy popular game in the south
Worst scam compagny : Nikola Motor
Hydrogen makes sense for large scale fleets for long distances. Its weird that they just wont partner with Japanese manufacturers
I was thinking that too.
Why would they need to partner with Japan when the U.S has other hydrogen companies🙄
No it doesn't. The trucks are even more expensive than battery electric trucks, and the fuel is way more expensive. A battery electric fleet has the potential to be cheaper than diesel, hydrogen will never be.
@@skierpagecheaper but much less effective
@@yankees29 You are dreaming if you think truck companies will pay 3x more in operating costs to save an hour a day in recharging.
Every stock I owned for the EVs or the alternative drive technology has become Penny stock now lost over 10k € in stock within just 2 years
Let me guess. You also still think the climate con is real and we are all going to die in 20 years if we keep using fossil fuels right?
S&P 500 is your friend. Buy VOO
I can’t believe so many people bought into the EV craze. EV are good for one thing only. Short commutes to work in warmer climates. Otherwise they are proving to be very problematic.
Every Vegan I know looks like this guy
I haven't eaten meat in over 35 years, doesn't make me less dangerous to humans. Preconceived notions are mostly inaccurate, always lazy.
Fuuck 🤣 🤣 🤣 🤣
Do one about LUCID motors
Update video on BTC please. New ATH of 72k since your video saying it wasn’t worth anything
lol this dude even looks like a knockoff version of Trevor Milton
Man I'll miss the 2020-2022 insane spac/cryptoscam/nft/cathiewood hilarity.
So many new investors and so many obvious scams at most one step above in sophistication above nigerian prince emails.
Maybe we'll get another run like this in a few years.
Why is it that hard to build a hydrogen truck? Get an electric one but install a fuel cell instead of a battery
Storage of hydrogen and creation of hydrogen (which needs energy and infrastructure) also the fuel cell efficiency are some of the road blocks. I mean the science is there but engineering and Economic viability of the whole concept is still debatable
Vinfast is the same house of cards.
SEC is a joke
Ic a pattern here....
Nonono, it's not pronounced "Beespoke" dude it's pronounced "Behspoke"
0:40 BS!, Trevor Milton is NOT serving any time , he is free on bail pending his appeal of the sentence.
They should just go into crypto scams and keep it on the low
Karl Marx: 'History repeats itself, first as tragedy, second as farce.'
Bee-spoke Post xD 😅