How did it all go wrong for Nikola Motors and Trevor Milton? How did a company once valued at $34 billion turn into a potential fraud? And how has one website, Hindenburg research, exposed all the lies and deceit?
In this video I explain who Nikola Motor Company and Trevor Milton are, what they’re being accused of, how this affects you as investors and also give you some of the latest updates on the matter.
Trevor Milton started his first business straight out of university, selling security alarm systems, he then started a website similar to amazon and ebay but directed at selling used cars, he then started his first alternative energy powered vehicle production company, DHybrid, and then his second, Nikola Motor Company.
Trevor has been accused of ‘overstating’ a number of claims such as the completion of state of the art natural gas propulsion systems, hydrogen propulsion systems and battery powered propulsion systems. This has therefore misled investors, customers and suppliers into one massive ‘dupe’.
Be sure to watch the video to find more on the details of what exactly went wrong. I also give the latest updates on the company and what they are doing about the investigation.
This video is not meant to slander the name of Nikola Motor Company or Trevor Milton and is simply a video reporting on information in the public domain, this video is only based on my opinions and opinions of others and therefore should not be considered proven fact. I am also not a financial advisor so please do not make investing decisions based on this video.
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By Stock Chat

where the coffee is hot and so is the chat

16 thoughts on “Nikola motors – how did it all go wrong? exposed”
  1. Avataaar/Circle Created with python_avatars mimers well says:

    A tip Google BMW hydrogen driven cars.
    They have i think 6 cars or so that are hydrogen fueled cars.
    And those cars are fully tested road going cars.
    There was also a hydrogen fueling station at Munich air port.

  2. Avataaar/Circle Created with python_avatars mimers well says:

    To me it sounds like Nikola motors co has not done the homework .
    If they had done that , they should had the 2016 concept truck ready fore extensive tests whith some of the larger motor carriers.
    But since they missed that it is not cheap to develop a alternative fuel driven truck.
    R&D is expansive and it takes some what part of a decade or more.

  3. Avataaar/Circle Created with python_avatars Secure Supplies Limited says:

    So Gm Sell Loadstown pickup factory and than buys into nikola  and now trying to buy back lordstown is this tru  how sillyGM has been closing plants all over world the last 10 years and cutting usa jobs,  not sure how a CEO partly responsible for this is now CEO of NIKola?sound like a hit job on electric and NIKOLA and USA

  4. Avataaar/Circle Created with python_avatars Hola! Thomas Lienert says:

    You fell for one of Trevor's (alleged) tricks by throwing in d-Hybrid with d-Hybrid Systems (by talking about one and showing the logo of the other).

  5. Avataaar/Circle Created with python_avatars Andrew Mayes says:

    To answer your question…all lies.

  6. Avataaar/Circle Created with python_avatars Reda Harras - Personal Finance says:

    choosing the name Nikola, is enough to make a judgement about this company :)))

  7. Avataaar/Circle Created with python_avatars TLM says:

    Nikola and Trevor Milton are both frauds, period…point blank. If you lie about your HQ being completely off the grid, that you’re producing/storing hydrogen, mislead investors with a truck “in motion”, etc.; then you’ll lie about other important things as well!

  8. Avataaar/Circle Created with python_avatars Gouk Wapanzy says:

    Exaggeration? Fib? Trevor Milton lied, Trevor Milton lies, All indications suggests that Trevor Milton will continue to lie.

  9. Avataaar/Circle Created with python_avatars ash davis says:

    Great video Tom ! But what about the property crash ?? X

  10. Avataaar/Circle Created with python_avatars I Care says:

    Nikola Motors A Net Zero Emissions Bait & Switch Fraud Ponzi Scheme.
    To USA Attorney General Mark Brnovich of Arizona, FBI, SEC, FTC etc.

    First, I have no financial interest or ties with Nikola Motors, nor its competitors, companies, partners, suppliers, current or past employees, etc. Therefore, I have no biases for or against Nikola Motors nor any of its competitors.

    In reference to Nikola Motors, Trevor Milton, and associated companies, please review case law of The People of the State Colorado / United States vs Rick Dryer, of Mile High Capital Group, RPS, IPF etc, convicted and sentenced in 2009 to 132yrs in prison for Security Fraud etc. in Ponzi Schemes allegedly nearly identical in some aspects to Nikola Motors, associated companies, Trevor Milton etc as follows:

    Based on Nikola data, Nikola is allegedly nothing more than an alleged fraudulent:
    1)Alleged “Fake everything until you Make it” (lots of cash little to no actual marketable “products”)
    2)Alleged “Pump and Dump”,
    =3)Alleged Ponzi Schemes, Security Fraud, etc. allegedly nearly identical in alleged aspects to convicted Dryer.

    Allegedly based on Nikola Ponzi Scheme data, how Nikola is allegedly a Ponzi Scheme:

    In this case the “Old investors” are “Legacy stockholders”, the “new investors” are public stock holders after IPO. The new investors pay the old investors through an “intricate fraud scheme” until “Old Investors get paid (Trevor Milton already has been $70,000,000+ to date) allegedly in December 2020.

    The “GM Deal” is a “stabilization red herring/diversion” to both pump up Nikola stock, AND to keep the stock at or above the required base level so the legacy, pre IPO stock holders can dump their stock allegedly in December 2020 as they allegedly disclosed months ago they will be doing.

    GM may not have known initially what Nikola was really about, but after the Hindenburg Research report they’re going to take full advantage of it. Also the “GM deal” is allegedly just a form of payola to GM.

    Specifically, “The GM deal” is allegedly a loose/win: The “new investors” those after IPO are the “losers”, GM Wins and so do legacy stock holders in December 2020, allegedly before the “GM deal expiration date”.

    This clearly is an alleged Ponzi Scheme (and/or an “inverse Ponzi scheme”) through alleged:
    1)bait and switch
    2)smoke and mirrors:

    The alleged vehicles through which the Ponzi Scheme is conducted “Fake everything until you make it”: Whereas the “it” being money received from investors mainly stuffed in one’s pocket NOT towards the actual “promised” or “stated” products and/or product performance data which are the “BAITs” of Nikola’s alleged fraud, allegedly including but not limited to:
    1)alleged material false data,
    2)alleged material false data in elaborate presentations
    3)allegedly materially false marketing miss-leading videos with no “Truth in Advertising” disclaimers
    4)material false and/or misleading vaporware videos

    Combined all alleged “smoke and mirrors” Pump and Dump stock fraud designed, orchestrated and conducted specifically for legacy stock holders to make billions, by an inflated IPO value backed by “new investors money” and “new strategic partners” ie “GM post IPO deal” to hold stock values keeping everything alive until January 2020, assuring all legacy investors and current Nikola employees that have Milton’s “gifted” allegedly “hush money payola stock” given allegedly before Milton “left Nikola”, all cashing in during the key November and December 2020 trigger dates.

    Milton’s separation agreement also contains alleged special stock selling considerations. Another alleged smoking gun of alleged “special favors” allegedly as payola/hush money.

    Allegedly Nikola, including former Executive Chairmen of the Board Trevor Milton, allegedly knowing and willingly allegedly made material false claims of “products”, “products with proprietary revolutionary technology” and “product performance data claims” etc. allegedly material false and/or misleading data claims all allegedly concerning, but not limited to, allegedly:
    1)Nikola Battery
    2)Nikola Hydrogen Fuel Cell
    3)Nikola Inverter
    4)Nikola cathode
    5)Nikola anode
    6)Nikola HQ Hydrogen Extraction Production
    7)Nikola One Hydrogen Fuel Cell Powered Semi
    8)Nikola Advanced Mega Hydrogen Extraction
    9)Nikola hydrogen extraction cost
    10)Nikola Hydrogen extraction fueling stations costs
    11)Nikola Validation of Manufacturing Cost Accounting
    12)Nikola Validation of the 2019 USA DOE $1.7 million advanced hydrogen fuel cell development grant received
    13)Nikola Validation of the 2019 USA DOE $2.0 million dollar advanced hydrogen extraction grant received Nikola is “managing”
    14)Nikola Financial performance claims
    15)Nikola stated time lines of committed “start dates”
    16)Failing to retract prior data claims when made aware they were material false yet continued to “make the same claims” as if they were materially factually true, when in fact not
    17)etc

    Some of the alleged possible realities:
    1)Allegedly likely no actual products to market and/or made by Nikola in USA (Coolidge AZ)

    2)Allegedly likely No performance data claims ever reached, allegedly pure sales puffery smoke and mirrors “BAIT fraud”

    3)Allegedly Nikola “preaching stump speeches”, to lure investors money, obtain DOE grants, etc. with convincing and conviction of noble intentions of “saving the world” with promisees that everyone who invests will make lots of money etc. all allegedly Bait & Switch, Smoke and Mirrors, “changing the world” fraud lure ie the “Nikola One reveal false claims” alleged false data claims ie “huge hydrogen cost reductions”, alleged “exaggerated and/or false technology claims”, alleged “exaggerated data claims” etc. such as alleged batteries with alleged revolutionary technology claims that allegedly don’t exist etc, all have allegedly serious civil and criminal implications.

    4)Alleged ”Preemptive legal statements and disclaimers” by others allegedly “foreshadowing” of potential legal challenges ie the Town of Coolidge Arizona Infrastructure Grant legal disclaimer “not tied to Nikola” etc. issued months prior Nikola’s building permits, ground breaking

    5)Newly appointed CEO Mark Russell stating, “If we are successful we will change the World” at the Nikola ground breaking. What does this indicate?

    Any CEO stating “If we are successful” is a 100% doubt of his own company statement. Allegedly he may know the breath and depth of Nikola’s alleged fraud, likely cutting a deal with the FBI to keep out of prison for the next 100 years just as Rick Dryer’s top executives did cooperating with authorities then testifying against Dryer who received 132 years in prison, for securities fraud etc.

    I was a victim of Rick Dryer along with over 1200 others.
    At the time Dryer was touted as being the next huge real estate mogul by many media outlets including the Denver Business Journal.

    Then, after a period of time, negative article’s started being published in The Denver Business Journal about Dryer, just as the “Bloomberg Report” concerning Milton. Shortly thereafter, both Dryer and Milton “promoted” senior executives into their “former positions”, taking “higher consultative” positions.

    Next, as in both cases, when additional damaging data was published in “The Denver Business Journal about Dryer”, likewise “The Hindenburg Research Report” about Milton, once again shortly thereafter both Dryer and Milton resigned all together from all the companies they founded.

    This is allegedly just the tip of the proverbial iceberg of alleged massive similarities. I have pages of research in comparing alleged similarities, many allegedly identical of both.

    Coincidence? Allegedly, NO, as all alleged fraud schemes allegedly have the same basic framework.

    As we say in manufacturing and real estate, the longer it’s not going up, the more investors start throwing up.

    The data how Dryer then allegedly Milton ended up in this manner is allegedly nearly identical, all of which Sate and Federal investigators and regulators must forensically analyze Milton, senior Nikola management and their related companies just as done in the Dryer case.

  11. Avataaar/Circle Created with python_avatars In this day and age says:

    Brahhh…if you watch your videos on silent with some rap music in the background, you look like you are making rap videos 😂

  12. Avataaar/Circle Created with python_avatars Ronald says:

    Have they been convicted by the sec yet? You are just parroting everyone else, we need original news.

  13. Avataaar/Circle Created with python_avatars Thomas James - Investing says:

    Just realised I've also left the editing software watermark on this video, sorry about that one guys!

  14. Avataaar/Circle Created with python_avatars Jamie Smallbone says:

    Hard to tell at this point I think!!

  15. Avataaar/Circle Created with python_avatars PREDATOR says:

    Great video Tom, i'll be keeping up to date on any developments

  16. Avataaar/Circle Created with python_avatars Thomas James - Investing says:

    What do you think will happen to Nikola Motors and Trevor? Do you think Trevor has just been over-exaggerating a tad? or outright lying?

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