LeftieBiker
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Head of Nikola Resigns Amid Fraud Allegations

Mon Sep 21, 2020 3:18 am

https://www.nytimes.com/2020/09/21/busi ... e=Homepage
Less than two weeks after signing a $2 billion deal with General Motors, the founder of electric truck start-up Nikola Corp. stepped down amid a claim that he had repeatedly lied about the company’s technology.

The resignation of Trevor Milton as executive chairman, announced late Sunday, came after the investment fund Hindenburg Research published a report accusing him of making numerous false assertions about Nikola’s technology, including once producing a video in which a truck was rolled down an incline to make it look like the company had developed a working prototype.
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goldbrick
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Re: Head of Nikola Resigns Amid Fraud Allegations

Mon Sep 21, 2020 10:46 am

It will be interesting to see what Nikola really has. And am I the only one who just realized Nikola was Tesla's first name?? :shock:

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jlv
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Re: Head of Nikola Resigns Amid Fraud Allegations

Mon Sep 21, 2020 11:54 am

goldbrick wrote:
Mon Sep 21, 2020 10:46 am
And am I the only one who just realized Nikola was Tesla's first name?? :shock:
I couldn't get anyone to invest in Thomas, my company to create Hydrogen-powered light bulbs to replace LEDS. :lol:
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LeftieBiker
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Re: Head of Nikola Resigns Amid Fraud Allegations

Mon Sep 21, 2020 12:38 pm

I was suspicious of a company that wanted to use the same name as another company.
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