Rule no.1 of investing: Prepare to lose the money. Almost all old school angel investors know that for every 10 investments, maybe 1 skyrockets while the rest just burns.
literally sounds like the parody company you would see in a cartoon, what next he going to try his hand at making home computers and smartphones with his original company do not steal: Orange
I'm not a product design expert, but when I saw the inside of the truck, I saw a pattern taking place. I call it "overtech" which is where you shove extra expensive shit into products that don't need it because "IT'S THE PRODUCT OF THE FUTURE." I don't think the truck needed 4 display screens and what seems like an ipad. The goal of this product is to implement a hydrogen electric truck. Just do that. Make a baseline model truck, and put in that engine.
honestly i hate 99 percent of the digital stuff being added to cars. I shouldnt have to pay hundreds of dollars to fix something that could very simply be mechanical (think of all the knobs and internal levers that have been replaced with expensive mini mother boards and wires, as well as whole digital screens [like ac/car locks/mirrors/windows/media players].) It sucks, any person should be able to fix thier own components and property with followable tutorials. Not only does it allow the consumer to keep thier property for longer, but it also stimulates the economy by giving small car shops more work (a car xan be fixed by a layman vs being sent back to the car company to be fixed in several months by machines, specialists, and company laborers.)
@@sirentyper4457 knobs and levers? No. Not even close. Almost impossible to replace microchips on motherboards that aren't used to that level of power draw and heat fluctuation. It'll eventually break, and with physical Knobs and levers, you can replace them. With tech, you need to ship it out and rebuild proprietary tech that costs significantly more than general market stuff. I get your point. All the tech they add is ridiculous and drives cost up unnecessarily, but it's definitely not simple knobs, more like custom ordered shit tech
You clearly haven’t spend much time driving a 18 wheeler reversing it experiencing blind spots and then having to think for useless drivers around you 4 displays to see 4 sides of the truck that I can’t see because I’m literally hauling my living quarters right behind me makes plenty of sense having cameras Check me while I drive 1000km a day to tell me I’m tired help me stay awake safe someone else’s life plus mine if u do almost dose of die to driving 8-12 hours a day All that tech makes things better for everyone
@@andriesdupreez4170 ok but actually, NONE of those displays would have showed you your blind spots, because the truck never functioned. Also, look in the cab. Those 4 displays were literally there to replace instrument panels, no camera feeds. I have no idea why you're here trying to defend this vehicle?
That really wasnt a bad risk you took. With the government forcing the world to go all electric, you could have made allot of money. You win some you lose some,
you got into the rigged stock market where start up companies like Nikola challenge the big guys and get eaten alive... but they have survived thus far.
@@04dram04 the government forcing the world to go electric? Ok, now you sound like a goddamn osycopath and an idiot... nobody is listening to a word you say
Same he does a good job of presenting in a entertaining way that I as someone who is 35 can enjoy and does a good job of cracking his joke off and still manages to prolly not get most of his videos demonotized I hope that's a hard tight rope to walk these days
Wow, I love finding channels that produce amazing content but have not yet blown up. I get to not only watch the great vids but also have the pleasure of watching the channel grow.
@@triadwarfare forget the fundamentals. A normal, non-bubble market (based mainly on sentiment, as all markets are these days) would not allow this company to exist. The scandal would’ve taken it to zero. However, in the bubble, even dogshit has *some* value.
@@triadwarfare keep in mind, this wasn’t just any scandal either. The entire fucking company was based on a lie. The fairytale is over, they have no first mover advantage (their only one to begin with) + a tarnished reputation. Good luck.
The reason the stock still has value is because they have a lot of assets with not a lot of debt. The reason they don't have debt is, why borrow money when you get get suckers to give it to you for free lol. If their stock fell to nothing, someone would pull a Warren Buffet, buy the whole company for like 200 bucks, and then sell all the warehouses, equipment, ext.
I guess the sad part of this story is that you could make extremely big engines run on 100% hydrogen. The technology is there in couple of years. If they had played their cards differently, this would have not been a hoax. All they had to do it to partner up with the big engine manufacturers to make the development side of the engines. What about the batteries...You don't need it. Make it hydrogen-electric drive - if diesel-electric works on locomotives, you can make it work on trucks with hydrogen. And stop trying to make the truck futuristic.
The futuristic design is for aerodynamic efficiency, as much as i love my old school long nose Pete's, theyre like a cinder block rolling down the road, its just kinda dumb. Trucking is all about travelling the furthest distance for the least cost, so miles per gallon is everything, Diesel, Electricity, or in Hydrogen's case, water, you still need to refuel something, and are using some sort of energy, efficency is everything.
There are already many companies working on it and it is already possible. The problem is that it just doesn't make sense economically. And having a high pressurized highly flammable gas rolling all over the streets is a safety hazard
@@tomlxyz yeah I’m not a chemist but I’m pretty baffled by how no one is mentioning how dangerous hydrogen is. I mean do we want a Mini Hindenburg each time a car crashes? I figured I was just missing something they did to make it inert.
True, but we can’t just ignore how flammable gasoline is! And have you seen a video of a lithium ion battery exploding?! Jesus those things go off in a literal flaming mess, all while belching toxic smoke!
What I find staggering in all this is the total lack of due diligence by investors. It's a continual chain of Investor B throwing money at them because Investor A did, with nobody checking to see if the technology was actually real. At any point Nikola would've been easily caught with their pants down if someone had simply started asking questions.
youd think the guys at GM would at least go down to the nikola truck factory to see if they even had an engine or battery for the truck that nikola claimed wasnt a pusher
The whole high-tech, fast money, "fck you, got mine" culture we have in the states now is what causes this. People see dollar signs and immediately go blind following the hype train. Nobody wants to ask questions because secretly, deep down, they know it's complete BS. Everyone's just trying to make their cash back before the company sinks so they can laugh their way to the bank.
Updates since his indictment - In November 2021 he sold off $300 million worth of stock in Nikola he still owned, but he was still worth $1 billion according to Forbes - In December 2021 he asked for two charges of misleading investors to be dropped because "He did not know the statements he made would lead to criminal charges". This is after he tried throwing out one of the charges also in November 2021 with a different federal judge but was denied - Just four days before Christmas 2021, the SEC forced the Nikola company to pay $125 million in a settlement with the SEC against fraud allegations, which will be distributed to the investors he defrauded. The company stated it will seek reimbursement from Milton himself -Shortly after New Year's 2022, both Nikola and Tesla agreed to drop their lawsuits against each other -Jan 16, 2022, updates show he tried to gain access to the very vehicles he used to defraud investors to rebuke those accusations, but the judge presiding denied those requests. This includes the Badger, Nikola One, another UTV prototype, and a hydrogen demonstration station, all currently located in Phoenix, Arizona -June 2, 2022, he voted against Nikola's vote to increase the amount of shares the company will have, throwing the decision into limbo. The stated reason is to raise capital for the company, but he believes the intention is to dilute the amount of shares Milton owns, reducing his influence over the company
"If I'd have known you were going to take me to court about this I wouldn't have said it" What was he expecting? "Oh in that case, all charges dropped, you're free to go!"
Yep, the company continuing just shows it was not BS. This is how they steal your company from you. If you could steal billions from some cocky dbag, but f him over in the process, would you?
I'm no Elon Musk worshipper but what this guy did was claim to have developed a fully functional hydrogen truck to dupe investors. What Musk did was help a company develop a fully functional electric sportscar with his own money, along with in-house drive-train and battery technology that was licensed to electric cars from Daimler, Ford and Toyota, before taking his company public through an IPO instead of a SPAC. COMPLETELY different
Elon for all his faults (of which there are many) did at least get Tesla producing vehicles and got them sold into the market. He was an early investor in the company so he was there before the first Tesla car had been assembled. But I want to be clear that I’m not letting him off the hook for his own vapor ware bullshit
Trevor went full HyperLoop without getting free Apartheid Bucks from his daddy first. You gotta be born rich, THEN go full HyperLoop, if you wanna get away with it.
@@ReddoFreddo musks claimed he could build the hyperloop, which many people have proven won't work, that he will get humans to mars in an impossiblely short time span, and that he can build a robot decades ahead of anything in both hardware and software in less then a year, all to keep investors happy. He can't keep any of those promises, but each time he makes those promises everyone gets all excited and it bumps up the share price. Not to mention the claims he made originally about telsa self driving abilitys and then hurridly back tracked when it came out it wasn't possible
One part that really surprised me is, if you say: '' we have the best battery.'' Why not sell the battery? why sell a truck? and why did no one question that..
The trucks at the end that are working models look suspiciously similar in dimensions and design to Scania R series trucks. I suspect they just did a facelift on the bodywork and left the underpinnings in for the demonstration, hence why we don't see the mechanations
Oh God this gives me nightmares, when getting into stock during covid I put 300 bucks towards them hoping that a competitor to Tesla would bolster it's stock especially since at the time they just made a partnership with GM. Figured GM knew what they were doing 😅
I can't imagine being an engineer for GM, pairing up with the Nikola team to work on a new product, just to find out that the hydrogen fueled engine doesn't exist and that all of it is a scam. They probably signed NDAs, but man, it must've been an insane weight to carry a ticking time bomb that could destroy a 31 billion dollar company
I love how GM was like no worries bro I’ll take your word for it that you actually have invented these things and I trust you with our 2 billion dollars overseen by some of the best financial advisors in the world
Thank you for putting the Theranos fraud speech in this. it just pulls the whole thing together. I was screaming in my head about how he sounds like Elizabeth Holmes!
I don’t think that would be much more likely to happen with a decently-designed hydrogen vehicle than with a gasoline vehicle; we know this stuff is reactive, and we’re not just going to leak it willy-nilly!
Iirc Ford was working on a nuclear powered car, but then the Pinto fiasco happened (where a minor fender bender, or other such relatively minor car crash, can cause the fuel to explode) during designing and they scrapped the project. No idea if that actually happened, but it's stated (somewhere, I honestly forgot where) as the inspiration for the nuclear cars and buses in Fallout 3 and 4.
I was about to rebuttal with the fact that gasoline is explosive and that our cars today rarely explode in car accidents but thats not really a good point considering that hydrogen is all vapor as opposed to gasoline which can also ignite due to vapors but not like hydrogen so even the smallest leakage is bad news for crashes.
The line about the Hindenburg blowing up because of hydrogen, and the Hindenburg report killing a hydrogen car company made me spit my drink. Your observations and puns never cease to catch me off guard. Kudos to you good sir.
The weird thing here is that since he has the money to pay the fines he will most likely see little to no jail time and walk away never having to work another day in his life. I hate how that works.
@@reprovedcandywell cause that how it works in the real-world money is everything check the politicians the president and the government in general as long as you have the money you're untouchable until you become broke then your allies become enemies
Bro you deserve so many more subs. The effort you put into your videos and the information you summarize is amazing! Thanks for making such cool videos, binging them today.
a hydrogen powered jet ski is a fantastic idea... do you realize a lot of bodies of water prohibit motorboats because of the polution... hydrogen only emits water... they also dont need a ton of fuel or that long of a range... in general its actually a great option for hydrogen conversion...
@@claymoreroomba2921 Already happening. Hydrogen has issues with distribution and collisions, but those are mitigated by all boats already going to port and collisions being exceedingly rare. In fact, it is very easy to retrofit boats with a hydrogen engine, compared to other technologies. This is very good, as boats stay in service for a long time. That said, the other points William made don't really have anything to do with hydrogen. The water comes out as vapor; not that it would really matter if it was liquid. The low need for fuel or range actually makes a better case for batteries.
Vince your videos are great love watching them I feel like I found someone special that no one else knows about. Keep up the good work man your gonna explode.
I’m so happy to have found this gem of a channel. My new favorite channel. Subscribed and can’t wait to watch it grow! Keep up the awesome content Vince!!!
All it takes to have millions is a complete lack of morals or a conscience. Just look around. But then those pesky consequences finally catch up to you...I can't wait for thsi channel to really explode, you are putting out top quality content, VV.
The scariest part is all the engineers, media team, The dozens of people who set up the show, The hundreds who made the video, all knew from the beginning and are walking the streets free as ever.
Anyone that's so creatively bankrupt that they name their EV company "Nikola" should be setting off alarms in everyone's heads. It's pathetically derivative.
It's not lack of creativity but trying to associate it with the success of Tesla. But that's a red flag too of course. If you're actually good you don't need to bring up others. Like Holmes imitated Steve Jobs and the product turned out as fraud too
@@tomlxyz Right, it's creatively bankrupt. They can't create their own success, desperately trying to ride on Tesla's coattails. Red flags man! We're in agreement that the ideal course of action is to just make a good product/service that speaks for itself, then it doesn't matter wtf your company's name is. This is another sillyclown startup style venture that will crash and burn because the people involved don't know wtf they're doing. At least that's my take. Hopefully they make a great EV but it already isn't looking good just by their stupid name choice ripping off Tesla. Who does that who isn't a fool?
Dude ur videos are amazing. Inspiration for me to build my own channel. You make what you have work and you use the best technology out there... the internet. Thats all you need.
I was so genuinely sad to hear that this was a scam -- I didn't have any money in it but when I heard supposed details about it I was so psyched. It sounded genuinely plausible, and with how much solar is possible in AZ I bet it would be without a conman at the helm.
If you think extremely cheap and fast charging batteries that rival gasoline is plausible, I have a bridge to sell you, you'd love it. Great waterfront view.
Just want to put out here I found your channel because of the wrong doings you had from that cockroach and I have been addicted to channel the whole day… you really tell super interesting stories and news I’ve never heard of and in a fun way… super respectful when you need to be a funny at times as well… keep it up man
Yet another example, as if more were required, to run a fucking mile from any person whose sole stated life goal is to be really rich. That isnt a grindset. That's sociopathy.
You’ll never see my comment but I just wanted to thank you for choosing a Grand Turismo 4 music as your background music. It’s the one from the main menu. Brought me back memories.
I was also going to UVU at the same time this guy dropped out to start this company and became like a campus legend and I was immediately suspicious. Really? You named your electric car company after the same person as Tesla? And you came out of the gate with more and better technology than companies who'd been working at it for decades? My brother in law drank the coolaid and dropped thousands into that company.
Honestly I’m becoming wary of the “drop out of school, to start a company” types. Obviously it has worked for some. But most of the time the people that do this seem impatient. You can’t wait a maximum of what 2 more years? How will you be able to sit through years of prototyping and development it takes to create an ‘innovative’ product. Same thing happened with Theranos, she dropped out after a year of her bachelor’s to create the blood testing machine. But it’s like wtf do you even know at that point? You’ve probably only taken your 101s at that point. If she had learned more, she would have realized that there isn’t a universe in which her device could work.
Well he still owns his company so I'd say he's at least better than this guy. A good businessman sells something for more than its worth if you're pissed off about it I think he's probably doing a good job.
@@VinceVintage love your takes and personality. My honest opinion is you're unique in the way you bring comedy into your narration, its not forced tho. You're just you, and unfortunately not alot of those people left in this world let alone content creators. Keep plugging and you're gonna blow up. I heard of you from Barely sociable. I cant think of a better person to get street cred from lmao. Keep the hits rollin homie.
@@loganmannke9023 Dude that means so much Logan! I appreciate the kind words man! Barely sociable is the best, he's helped me out so much with the channel. We're gonna keep grinding man and start streaming too! Im glad you liked it dude, those words mean alot
What happens if by some chance the company were to make all those promises a reality before his final day in court? I mean it's not gonna happen but I'm curious as to what if
Electrician here, power systems are measured in watt hours (watts produced or used an hour). So if its a 3.5MW/H array then yeah 18MW a day sounds about right.
@@MisterMosfet sorry you literally contradict yourself. Yes its watt hours but not watts you use per hour. You cant use watts a watt is not an amount of energy its power.
Love how billionairs took inventor Nikola Tesla's name and fully capitalized it and made billions. When Nikola Tesla himself died alone and poor, with everyone else stealing credit and money from his inventions.
![How to Lie Your Way to $34 Billion [Nikola Motors Fraud]](http://i.ytimg.com/vi/88fWUZhYb04/mqdefault.jpg)
Convincing investors that the truck works by starting filming right after its been nudged down a hill is some real looney toons type shit
Rule no.1 of investing: Prepare to lose the money. Almost all old school angel investors know that for every 10 investments, maybe 1 skyrockets while the rest just burns.
Truly
ipip
I mean tesla made that video with the cybertruck pulling the ford up a hill, so physics doesn't really concern investors or consumers
This proves how smart the Americans really are hahaha.. get it ? 😂
he did not lie, the truck had zero emissions, with zero fuel consumption.
Woahhh no carbon emission truck its just like my toy cars
+ free
😂
Lmoo
And Zero Truck
This man really saw "Tesla" and thought: "Hmm... Nikola!"
Probably one of the most original names for an electric car company ever lol
literally sounds like the parody company you would see in a cartoon, what next he going to try his hand at making home computers and smartphones with his original company do not steal: Orange
😂😂😂
The Edison dropping next
@@seelcudoom1 literally pearphone tier naming
If these companies merge, they can make Nikola Tesla whole again.
He will manifest once more
@@Dgero I like this🙂👍
That's literally why it was called Nikola, to try and use Tesla's reputation by implying association.
@@Dgero nah, pretty sure that's how we resurrect Edison
They need the cup of Hermes and Excalibur to make it happen.
Pretty impressive that the company was worth billions even without producing a functioning truck
Just like Theranos
That's Tech, baby!
It’s the United States, to make millions you just need insane confidence
That's capitalism they'll do this then when they fail our government says its ok baby the tax payers will bail you out
@@philippossnortis2035 except crypto is functioning and widely used
I'm not a product design expert, but when I saw the inside of the truck, I saw a pattern taking place. I call it "overtech" which is where you shove extra expensive shit into products that don't need it because "IT'S THE PRODUCT OF THE FUTURE." I don't think the truck needed 4 display screens and what seems like an ipad. The goal of this product is to implement a hydrogen electric truck. Just do that. Make a baseline model truck, and put in that engine.
They use Bosch fuel cells and will make them under license.
honestly i hate 99 percent of the digital stuff being added to cars. I shouldnt have to pay hundreds of dollars to fix something that could very simply be mechanical (think of all the knobs and internal levers that have been replaced with expensive mini mother boards and wires, as well as whole digital screens [like ac/car locks/mirrors/windows/media players].) It sucks, any person should be able to fix thier own components and property with followable tutorials. Not only does it allow the consumer to keep thier property for longer, but it also stimulates the economy by giving small car shops more work (a car xan be fixed by a layman vs being sent back to the car company to be fixed in several months by machines, specialists, and company laborers.)
@@sirentyper4457 knobs and levers? No. Not even close. Almost impossible to replace microchips on motherboards that aren't used to that level of power draw and heat fluctuation. It'll eventually break, and with physical Knobs and levers, you can replace them. With tech, you need to ship it out and rebuild proprietary tech that costs significantly more than general market stuff.
I get your point. All the tech they add is ridiculous and drives cost up unnecessarily, but it's definitely not simple knobs, more like custom ordered shit tech
You clearly haven’t spend much time driving a 18 wheeler reversing it experiencing blind spots and then having to think for useless drivers around you 4 displays to see 4 sides of the truck that I can’t see because I’m literally hauling my living quarters right behind me makes plenty of sense having cameras Check me while I drive 1000km a day to tell me I’m tired help me stay awake safe someone else’s life plus mine if u do almost dose of die to driving 8-12 hours a day
All that tech makes things better for everyone
@@andriesdupreez4170 ok but actually, NONE of those displays would have showed you your blind spots, because the truck never functioned. Also, look in the cab. Those 4 displays were literally there to replace instrument panels, no camera feeds. I have no idea why you're here trying to defend this vehicle?
I bought 150 shares at $35. Shot up to $75. I felt so smart. Rode it down to $1.02/sh. Thanks Trevor.
Trevor isn't to blame for your greed. ¯\_(ツ)_/¯ It shot up to $75 and you didn't sell?
i remember back when it first got in the market i bought $250 worth of Nikola thinking i was making big moves. i feel like a donkey
That really wasnt a bad risk you took. With the government forcing the world to go all electric, you could have made allot of money. You win some you lose some,
Coulda been worse. You coulda gone all in.
Depends on when you sold it.
You could have made some serious money if you bought early and then sold it before the company collapsed
you got into the rigged stock market where start up companies like Nikola challenge the big guys and get eaten alive... but they have survived thus far.
@@04dram04 the government forcing the world to go electric? Ok, now you sound like a goddamn osycopath and an idiot... nobody is listening to a word you say
I feel so lucky to have found this channel
Same! Can't believe the numbers on this channel ATM. Bright days ahead Vince keep the great content coming!
Same he does a good job of presenting in a entertaining way that I as someone who is 35 can enjoy and does a good job of cracking his joke off and still manages to prolly not get most of his videos demonotized I hope that's a hard tight rope to walk these days
Same! I just saw one of his videos in my recommendations, really good!
Same
Me too
Wow, I love finding channels that produce amazing content but have not yet blown up. I get to not only watch the great vids but also have the pleasure of watching the channel grow.
Welcome aboard! We have more awesome videos coming out soon!
I totally agree, excellent channel, look forward to seeing it grow!
@@VinceVintage Liked, subbed, and subscribed on Patreon. Can't wait to see where you go from here!
@@StoutShako Thank you Stout! That make me so stoked that you're digging the videos !
Whats your favorite one?
You know how I know we are in a bubble? This sad, fraudulent company is still worth 5 billion dollars.
Without Tevor Milton and a CEO willing to right the wrongs of what started as a fraud, if they can deliver, there should be no issues
@@triadwarfare forget the fundamentals. A normal, non-bubble market (based mainly on sentiment, as all markets are these days) would not allow this company to exist. The scandal would’ve taken it to zero. However, in the bubble, even dogshit has *some* value.
@@triadwarfare keep in mind, this wasn’t just any scandal either. The entire fucking company was based on a lie. The fairytale is over, they have no first mover advantage (their only one to begin with) + a tarnished reputation. Good luck.
The reason the stock still has value is because they have a lot of assets with not a lot of debt. The reason they don't have debt is, why borrow money when you get get suckers to give it to you for free lol. If their stock fell to nothing, someone would pull a Warren Buffet, buy the whole company for like 200 bucks, and then sell all the warehouses, equipment, ext.
@@calebmclarnon6211 The assets minus debt is just a fraction of 5 billion, so it's still overvalued
Alrite, I’m opening a electric car company call “Edison Motor” and go public 😂
And a couple months later somebody opens a company called “Thomas motor”
Repeating the cycle all over
Lmao count me in 🤣
How much start up capital do you want from me?
@@fullmetaltheorist Give it to him. He won't spend it on prostitutes and drugs.
It sounds cool I see no problem with it
My guy Vince, let me tell you. This guy puts videos together and they just work. His videos really do work. This guy is not a pusher.
All of the components are 100% functional. They're real videos. Nothing is fake, it's all real. 🤣
I guess the sad part of this story is that you could make extremely big engines run on 100% hydrogen. The technology is there in couple of years. If they had played their cards differently, this would have not been a hoax. All they had to do it to partner up with the big engine manufacturers to make the development side of the engines. What about the batteries...You don't need it. Make it hydrogen-electric drive - if diesel-electric works on locomotives, you can make it work on trucks with hydrogen.
And stop trying to make the truck futuristic.
A truck powered by hydrogen is fine. Everything else tho, is bull
The futuristic design is for aerodynamic efficiency, as much as i love my old school long nose Pete's, theyre like a cinder block rolling down the road, its just kinda dumb. Trucking is all about travelling the furthest distance for the least cost, so miles per gallon is everything, Diesel, Electricity, or in Hydrogen's case, water, you still need to refuel something, and are using some sort of energy, efficency is everything.
There are already many companies working on it and it is already possible. The problem is that it just doesn't make sense economically. And having a high pressurized highly flammable gas rolling all over the streets is a safety hazard
@@tomlxyz yeah I’m not a chemist but I’m pretty baffled by how no one is mentioning how dangerous hydrogen is. I mean do we want a Mini Hindenburg each time a car crashes? I figured I was just missing something they did to make it inert.
True, but we can’t just ignore how flammable gasoline is! And have you seen a video of a lithium ion battery exploding?! Jesus those things go off in a literal flaming mess, all while belching toxic smoke!
Theranos CEO creeps the shit out of me
She's definitely terrible, but at least she didn't SA a child.
@@jfm14 that we know of
@@light-or5yh Sounds like the "Your chances of getting killed hy a cow are low. But now zero."
Elon has the same vibe
Her deep soulless voice
What I find staggering in all this is the total lack of due diligence by investors. It's a continual chain of Investor B throwing money at them because Investor A did, with nobody checking to see if the technology was actually real. At any point Nikola would've been easily caught with their pants down if someone had simply started asking questions.
youd think the guys at GM would at least go down to the nikola truck factory to see if they even had an engine or battery for the truck that nikola claimed wasnt a pusher
The whole high-tech, fast money, "fck you, got mine" culture we have in the states now is what causes this. People see dollar signs and immediately go blind following the hype train. Nobody wants to ask questions because secretly, deep down, they know it's complete BS. Everyone's just trying to make their cash back before the company sinks so they can laugh their way to the bank.
Updates since his indictment
- In November 2021 he sold off $300 million worth of stock in Nikola he still owned, but he was still worth $1 billion according to Forbes
- In December 2021 he asked for two charges of misleading investors to be dropped because "He did not know the statements he made would lead to criminal charges". This is after he tried throwing out one of the charges also in November 2021 with a different federal judge but was denied
- Just four days before Christmas 2021, the SEC forced the Nikola company to pay $125 million in a settlement with the SEC against fraud allegations, which will be distributed to the investors he defrauded. The company stated it will seek reimbursement from Milton himself
-Shortly after New Year's 2022, both Nikola and Tesla agreed to drop their lawsuits against each other
-Jan 16, 2022, updates show he tried to gain access to the very vehicles he used to defraud investors to rebuke those accusations, but the judge presiding denied those requests. This includes the Badger, Nikola One, another UTV prototype, and a hydrogen demonstration station, all currently located in Phoenix, Arizona
-June 2, 2022, he voted against Nikola's vote to increase the amount of shares the company will have, throwing the decision into limbo. The stated reason is to raise capital for the company, but he believes the intention is to dilute the amount of shares Milton owns, reducing his influence over the company
"If I'd have known you were going to take me to court about this I wouldn't have said it"
What was he expecting?
"Oh in that case, all charges dropped, you're free to go!"
Thank you for the update🙂👍
Pfffffffffffft
Yep, the company continuing just shows it was not BS. This is how they steal your company from you. If you could steal billions from some cocky dbag, but f him over in the process, would you?
They did the same thing as Elon, but without the benefit of taking over a company with a (barely)working product
I'm no Elon Musk worshipper but what this guy did was claim to have developed a fully functional hydrogen truck to dupe investors. What Musk did was help a company develop a fully functional electric sportscar with his own money, along with in-house drive-train and battery technology that was licensed to electric cars from Daimler, Ford and Toyota, before taking his company public through an IPO instead of a SPAC. COMPLETELY different
One put it's money where it's mouth is and the other literally went on a shopping spree as soon as he could.
Elon for all his faults (of which there are many) did at least get Tesla producing vehicles and got them sold into the market. He was an early investor in the company so he was there before the first Tesla car had been assembled. But I want to be clear that I’m not letting him off the hook for his own vapor ware bullshit
Trevor went full HyperLoop without getting free Apartheid Bucks from his daddy first. You gotta be born rich, THEN go full HyperLoop, if you wanna get away with it.
@@ReddoFreddo musks claimed he could build the hyperloop, which many people have proven won't work, that he will get humans to mars in an impossiblely short time span, and that he can build a robot decades ahead of anything in both hardware and software in less then a year, all to keep investors happy.
He can't keep any of those promises, but each time he makes those promises everyone gets all excited and it bumps up the share price.
Not to mention the claims he made originally about telsa self driving abilitys and then hurridly back tracked when it came out it wasn't possible
The green hype is lethal
The green hype is very real!
one of the most underrated channels on youtube
Trevor in his looks could be another half-brother of Hank Hill
He seriously does! lolol
Hank would kick his ass, and it would be a wonderful episode.
One part that really surprised me is, if you say: '' we have the best battery.'' Why not sell the battery? why sell a truck? and why did no one question that..
Exactly. Or "I want a ride in the truck before I give you $2 billion dollars." 🤷
The trucks at the end that are working models look suspiciously similar in dimensions and design to Scania R series trucks. I suspect they just did a facelift on the bodywork and left the underpinnings in for the demonstration, hence why we don't see the mechanations
Oh God this gives me nightmares, when getting into stock during covid I put 300 bucks towards them hoping that a competitor to Tesla would bolster it's stock especially since at the time they just made a partnership with GM. Figured GM knew what they were doing 😅
Buy the dip!! 100 shares for $800!
@@paulbedichek2679 if you buy nikola you deserve to lose money
@@25566 Tesla set a record for the most market cap lost by a company,they did it in record time, you deserve it.
Don't loose hope yet, just because Trevor was a fraud doesn't mean the company can't get it to work eventually
This is why you look at their financial statements before investing in a stock. You would have been able to see that they had zero in sales.
I've been following you since your Jared video and I can already see how much you're improving. Keep it up, mate!
Thank you!
I can't imagine being an engineer for GM, pairing up with the Nikola team to work on a new product, just to find out that the hydrogen fueled engine doesn't exist and that all of it is a scam. They probably signed NDAs, but man, it must've been an insane weight to carry a ticking time bomb that could destroy a 31 billion dollar company
Fuel cells exist, you ****. They just hadn't bought or installed them yet. And Nikola actually has working trucks now.
I love how GM was like no worries bro I’ll take your word for it that you actually have invented these things and I trust you with our 2 billion dollars overseen by some of the best financial advisors in the world
Thank you for putting the Theranos fraud speech in this. it just pulls the whole thing together. I was screaming in my head about how he sounds like Elizabeth Holmes!
It’s a shame, I was looking forward to the RUclips montages of hydrogen filled vehicles going boom every time they have a minor fender bender.
Oh the humanity 😭😂
I don’t think that would be much more likely to happen with a decently-designed hydrogen vehicle than with a gasoline vehicle; we know this stuff is reactive, and we’re not just going to leak it willy-nilly!
Iirc Ford was working on a nuclear powered car, but then the Pinto fiasco happened (where a minor fender bender, or other such relatively minor car crash, can cause the fuel to explode) during designing and they scrapped the project.
No idea if that actually happened, but it's stated (somewhere, I honestly forgot where) as the inspiration for the nuclear cars and buses in Fallout 3 and 4.
I was about to rebuttal with the fact that gasoline is explosive and that our cars today rarely explode in car accidents but thats not really a good point considering that hydrogen is all vapor as opposed to gasoline which can also ignite due to vapors but not like hydrogen so even the smallest leakage is bad news for crashes.
I used to work for a govt lab and we had some partially hydrogen powered cars. They're safe when done right.
GM's biggest mistake was not creating the first self-sustaining fusion reactor in 2020 like they were supposed to.
Your delivery ✅ on various topics & story telling is remarkable 😁and very engaging 👏🏽👏🏽👏🏽. The great thing is that your video is REAL & not a PUSHER 😀
ITS REAL!!! We ain’t no pusher over here!
Thank you for the kind words!
@@VinceVintage real shit u up next vince u bout to hit the big break keep up the good work
The line about the Hindenburg blowing up because of hydrogen, and the Hindenburg report killing a hydrogen car company made me spit my drink. Your observations and puns never cease to catch me off guard. Kudos to you good sir.
It's poetic justice
The weird thing here is that since he has the money to pay the fines he will most likely see little to no jail time and walk away never having to work another day in his life. I hate how that works.
I need to switch careers
i cant get over this either. why on earth do we let literal crime pay??
@@reprovedcandywell cause that how it works in the real-world money is everything check the politicians the president and the government in general as long as you have the money you're untouchable until you become broke then your allies become enemies
Bro you deserve so many more subs. The effort you put into your videos and the information you summarize is amazing! Thanks for making such cool videos, binging them today.
good stuff man, just keep doing this. Im rooting for you
a hydrogen powered jet ski is a fantastic idea... do you realize a lot of bodies of water prohibit motorboats because of the polution... hydrogen only emits water...
they also dont need a ton of fuel or that long of a range... in general its actually a great option for hydrogen conversion...
Better get started William!
this is actually a really smart idea,what if hydrogen driven boats or ships?
@@claymoreroomba2921 Already happening. Hydrogen has issues with distribution and collisions, but those are mitigated by all boats already going to port and collisions being exceedingly rare. In fact, it is very easy to retrofit boats with a hydrogen engine, compared to other technologies. This is very good, as boats stay in service for a long time.
That said, the other points William made don't really have anything to do with hydrogen. The water comes out as vapor; not that it would really matter if it was liquid. The low need for fuel or range actually makes a better case for batteries.
Ironically, most jet ski and boat explosions are already caused by hydrogen gas.
@@akamesama what if you find a way to make the water into hydrogen? Couldn’t you theoretically make a virtually infinite range boat
Vince your videos are great love watching them I feel like I found someone special that no one else knows about. Keep up the good work man your gonna explode.
I wanna thank the RUclips algorithm for showing me your RUclips channel. Amazing content, very well done man. You’re gonna be at 100k in like 4 months
So happy that RUclips suggested one of your videos to me. Currently binging your channels! Love the topics; I’ve never even heard of this one before.
Man I really just love your documentary videos!! Your channel is going to be huge. Keep truckin
I appreciate that Thank you Jeremy!
Amazing how major companies can form business deals with other businesses that appear to be legitimate WITHOUT background checks
Oh, i get it... Not a "hydrogen powered truck," but a "gravity-fueled monster"
Spit it my eye, why don't ya. 😹
This is a perfect video to describe what it's like living in this era.
You are criminally undersubbed... So glad I found this channel, your videos are great!
Your content is so GOOD!! Such an underrated channel!
Bro you earned a sub. I have no idea how you only have around 18k subscribers, your content is super interesting!
Tesla is doing the same:
-autonomous taxi promised
-trucks promised
-teslabot promised
delivered? none
Yeah but the cars, chargers and other stuff is there.
They can promise whatever because they have delivered in the past.
Updated Information: Trevor Milton has been sentenced to 4 years in prison + (1,000,000$ fine) + (3 years and 6 months controlled probation)
This is the kind of hysterical waste of money that happens in a bubble. Nikola has burst but the bubble has not yet done the same.
These videos make me feel like Im wasting my life so much. Such remarkable people
Update: Trevor Milton was sentenced to 4 years in prison.
Idk how I found your channel, but I’m glad I did. Keep up the good work champ!
Welcome aboard! We're making more vids soon like this!
I've said it before and I'll say it again: you need more subscribers!
“Leave the world better than we found it” *has never seen a cobalt mine*
This channel's gonna blow up. Thanks for the engaging vids and topic variety 🖤
It’s funny watching the background clock. Half hour on the clock, 11min video footage. Just shows how much work and editing goes into a good video
almost done watching every vid of yours. super inspiring
Amazing video! Notifications are on, and i'm excited to see what's in store!
Much appreciated!
I’m so happy to have found this gem of a channel. My new favorite channel. Subscribed and can’t wait to watch it grow! Keep up the awesome content Vince!!!
Thank you! Will do!
I read the title as "The absolute failure of nokia monitors" and I was like when did nokia make computer monitors?
"Everything works, so it's prohibited to touch anything and see this for yourself" 😂
All it takes to have millions is a complete lack of morals or a conscience. Just look around. But then those pesky consequences finally catch up to you...I can't wait for thsi channel to really explode, you are putting out top quality content, VV.
This is the second biggest deception since my grandma bought me a Polystation.
The scariest part is all the engineers, media team, The dozens of people who set up the show, The hundreds who made the video, all knew from the beginning and are walking the streets free as ever.
Anyone that's so creatively bankrupt that they name their EV company "Nikola" should be setting off alarms in everyone's heads. It's pathetically derivative.
@bruh At least the guy who started it was *actually named Ford.*
@bruh Ford got its name because *it's literally the founder's name: Henry Ford*
It's not lack of creativity but trying to associate it with the success of Tesla. But that's a red flag too of course. If you're actually good you don't need to bring up others. Like Holmes imitated Steve Jobs and the product turned out as fraud too
@@tomlxyz Right, it's creatively bankrupt. They can't create their own success, desperately trying to ride on Tesla's coattails. Red flags man! We're in agreement that the ideal course of action is to just make a good product/service that speaks for itself, then it doesn't matter wtf your company's name is. This is another sillyclown startup style venture that will crash and burn because the people involved don't know wtf they're doing. At least that's my take. Hopefully they make a great EV but it already isn't looking good just by their stupid name choice ripping off Tesla. Who does that who isn't a fool?
The fact that so many dumped money in without a single real in person view of it working is mindboggling.
You're killing it on these videos. Any updates on the Steve Rocco stuff?
No updates yet! I’m taking Oki to the school district headquarters when he comes out for vidcon!
@@VinceVintage Nice! Hopefully you two will make more headway with that soon 😊
Dude ur videos are amazing. Inspiration for me to build my own channel. You make what you have work and you use the best technology out there... the internet. Thats all you need.
I was so genuinely sad to hear that this was a scam -- I didn't have any money in it but when I heard supposed details about it I was so psyched. It sounded genuinely plausible, and with how much solar is possible in AZ I bet it would be without a conman at the helm.
If you think extremely cheap and fast charging batteries that rival gasoline is plausible, I have a bridge to sell you, you'd love it. Great waterfront view.
Just want to put out here I found your channel because of the wrong doings you had from that cockroach and I have been addicted to channel the whole day… you really tell super interesting stories and news I’ve never heard of and in a fun way… super respectful when you need to be a funny at times as well… keep it up man
Yet another example, as if more were required, to run a fucking mile from any person whose sole stated life goal is to be really rich.
That isnt a grindset. That's sociopathy.
That's not what sociopathy is.
You’ll never see my comment but I just wanted to thank you for choosing a Grand Turismo 4 music as your background music. It’s the one from the main menu. Brought me back memories.
I was also going to UVU at the same time this guy dropped out to start this company and became like a campus legend and I was immediately suspicious. Really? You named your electric car company after the same person as Tesla? And you came out of the gate with more and better technology than companies who'd been working at it for decades? My brother in law drank the coolaid and dropped thousands into that company.
Honestly I’m becoming wary of the “drop out of school, to start a company” types. Obviously it has worked for some. But most of the time the people that do this seem impatient. You can’t wait a maximum of what 2 more years? How will you be able to sit through years of prototyping and development it takes to create an ‘innovative’ product. Same thing happened with Theranos, she dropped out after a year of her bachelor’s to create the blood testing machine. But it’s like wtf do you even know at that point? You’ve probably only taken your 101s at that point. If she had learned more, she would have realized that there isn’t a universe in which her device could work.
You have the unique ability to keep my attention on a subject I typically would not care about
You just gotta believe the truck is coming trust them bro
or check if they are already here... they are being shown and driven at events around the country
Elon did this same shit and ppl praise him like he’s the best businessman ever
Well he still owns his company so I'd say he's at least better than this guy. A good businessman sells something for more than its worth if you're pissed off about it I think he's probably doing a good job.
@@alastorclark3492Cry Musk rider lol.
well you could say Trev trucked up *BIG TIME*
Trevor really has an axle to grind.
"It's not a pusher, believe me, I've tried to, it didn't budge an inch."
Great video bro keep up the great work
Thank you Logan appreciate it man
@@VinceVintage love your takes and personality. My honest opinion is you're unique in the way you bring comedy into your narration, its not forced tho. You're just you, and unfortunately not alot of those people left in this world let alone content creators. Keep plugging and you're gonna blow up. I heard of you from Barely sociable. I cant think of a better person to get street cred from lmao. Keep the hits rollin homie.
@@loganmannke9023 Dude that means so much Logan! I appreciate the kind words man! Barely sociable is the best, he's helped me out so much with the channel. We're gonna keep grinding man and start streaming too!
Im glad you liked it dude, those words mean alot
commenting on the business account but ah well, easily my new favourite RUclips channel
He sold hundreds of millions of dollars of stock while waiting for trial. Now he and his lawyer are asking for time served.
I’m glad RUclips starting recommending me your videos
I feel like I'm getting in on the ground level of this channel
Thanks for making this channel dude. Came in clutch. You're going places please keep it up
I mean he was right, zero emissions, zero fuel consumption, zero trucks
Amazing...Just found you Vince..You are way undervalued.. Your a serious talent.
Yes. Those are definitely Nikola trucks going uphill, and not debadged Scania trucks with liveries slapped on.
You have serious skills, Vince! Keep ‘em coming please!!
It's amazing the technological advancements that can be made when you straight up lie about them
The pics of Carrot top and big Ed when you said “d list celebs” had me dying, I had to sub
The best part is he is allowed to use all the money he made scamming people to pay for his legal defense against scamming people.
8:40 a *GRAVITY ENGINE!!!* wooooh - get ready to FLY above those Solar Freaking Roadways!!
This is the biggest automotive scam in history.
“This is not a pusher.”
- The liar doth protest too much…
watched 5 of your videos!! I DECIDED TO SUBSCRIBE!! bro... your info and presentation is 100!!
What happens if by some chance the company were to make all those promises a reality before his final day in court? I mean it's not gonna happen but I'm curious as to what if
@@Madamoizillion ah fair enough that makes sense. I was just curious lol
Just found your channel and your videos are fantastic!!
4:45 This dude said he has 3.5MW of solar on the roof generating 18MW of energy a day. This is not mathematics
I thought solar panels were calculated by the watts per an hour?
if not damn that a big yikes ! Good catch!
@@VinceVintage no its watts times hour actually.
@@BrosBrothersLP So the calculaton Trevor did was wrong? Like @zerothcore pointed out?
Electrician here, power systems are measured in watt hours (watts produced or used an hour). So if its a 3.5MW/H array then yeah 18MW a day sounds about right.
@@MisterMosfet sorry you literally contradict yourself. Yes its watt hours but not watts you use per hour.
You cant use watts a watt is not an amount of energy its power.
"Mom can we get a tesla"
"We have tesla at home"
*tesla at home*
Love how billionairs took inventor Nikola Tesla's name and fully capitalized it and made billions. When Nikola Tesla himself died alone and poor, with everyone else stealing credit and money from his inventions.