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Nikola "admits" to fraud for their promo video.

Discussion in 'Truckers News' started by ZVar, Sep 14, 2020.

  1. Sep 14, 2020 #1
    ZVar

    ZVar Road Train Member

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    Nikola admits prototype was rolling downhill in promotional video

    Nikola admits prototype was rolling downhill in promotional video

    "
    Nikola now admits Nikola One didn’t work
    On Monday morning, Nikola sent out a lengthy press release titled "Nikola Sets the Record Straight on False and Misleading Short Seller Report." While the statement nitpicks a number of claims in the Hindenburg report, it tacitly concedes Hindenburg's main claim about the Nikola One. Nikola now admits that the Nikola One prototype wasn't functional in December 2016 and still wasn't functional when the company released the "in motion" video 13 months later.

    Nikola claims that the gearbox, batteries, inverters, power steering, and some other components of the truck were functional at the time of the December 2016 show. But Nikola doesn't claim that the truck had a working hydrogen fuel cell or motors to drive the wheels—the two key components Hindenburg stated were missing from the truck in December 2016."
     
    ZVar, Sep 14, 2020
    ZVar, Sep 14, 2020
    #1
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  3. Oct 13, 2020 #2
    Flat Earth Trucker

    Flat Earth Trucker Road Train Member

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    Poor Nikola Tesla, rolling over uncomfortably in his grave.

    "When I grow up, I want to use the name of a famous inventor to better perpetuate fraud against the American people."
     
    Flat Earth Trucker, Oct 13, 2020
    Flat Earth Trucker, Oct 13, 2020
    #2
  4. Oct 13, 2020 #3
    TexasKGB

    TexasKGB Light Load Member

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    Nikola nearly took GM for a couple hundred million.

    I think most new technologies these day are less about efficiency and more about capturing debt - electric is just the newest version of a rent-seeking barrier for the trucking industry. The amount of money needed for new equipment and infrastructure will produce billions of shekels in interest for a century.
     
    TexasKGB, Oct 13, 2020
    TexasKGB, Oct 13, 2020
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  5. Oct 13, 2020 #4
    flood

    flood Road Train Member

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    I said years ago they were selling snake oil
     
    flood, Oct 13, 2020
    flood, Oct 13, 2020
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