With Nikola making quite ambitious claims, we're left with a question: is Nikola Motors the next Theranos? In this video, I point out some similarities with Nikola and Theranos.
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With Nicola Motors, rising to a 23 billion dollar valuation, it's no secret that the executive chairman, Traver Milton, has been making suspiciously ambitious claims. Now, before I begin, I unfortunately must start with a disclaimer Nicola likes to sue people for pointless things. Everything said in this, video is for entertainment purposes, and you should always do your own due diligence, I'm certainly not a financial adviser if you're new to the channel, please consider subscribing for more content like this and let's get right into it. Nicola Motors has made some quite groundbreaking claims, with the most notable one being a new revolutionary battery Nicola claims.
Their battery will achieve a record energy density of 500 watt hours per kilogram, last 2000 cycles and cost between 50 to 70 dollars per kilowatt hour. Okay, and that would be somewhere in the range of like 50 dollars per kilowatt hour to 100 dollars per kilowatt hour, is essentially we're getting up. We're yeah, we're hoping between 50 and 50 and 70 is our goal. Fairness is a company that also made quite ambitious claims about its technology.
The CEO promised a revolutionary blood analyzer that was able to run hundreds of blood tests with just a finger prick of blood. These claims are deemed false years later, while we don't know if Nikolas claims are false. The battery breakthrough that the company claims to have achieved would be just as revolutionary as their enosis blood testing technology. After all, the executive chairman Trevor Milton has stated that this is the biggest advancement we have seen in the battery world.
We are not talking about small improvements. We are talking about doubling yourself on battery capacity. We are talking about doubling the range of B EVs and hydrogen electric vehicles around the world, with Tesla's battery Investor Day approaching were able to see the behind the scene. Developments through various means, for example, Jeff Don at EDA Hosey University, has been filing plenty of battery patents and submitting research reports to top it off.
We've also seen the development of a pilot production line at Fremont and the acquisitions of well in high bar. However, with Nicola the battery breakthrough that they claim to have seems to be coming out of nowhere with no acquisitions, no research reports, no production lines and no famous battery chemists. This aligns with Dara knows who CEO didn't, have much knowledge about the medical sector as she dropped out of Stanford at an early stage, similar to thier nose Nicola has quite suspicious demos when unveiling its products to the public. Thera nose was able to show the revolutionary machine named the Edison machine, but we never got to see the Machine perform.
A blood test live with Nicola. The company's demos show how their trucks are moving or we aren't allowed to see the drivetrain, the battery or the hydrogen fuel cell. For all. We know that truck that Nicola demos to the public could be running on a rather mediocre battery and have no hydrogen fuel cell now. This comparison to thoroughness is actually something even that there are no CEO Elizabeth Holmes did not do. However, it's definitely something worth noting. According to a vector IQ SEC filing in March, Milton sold 7 million private shares of Nicola for $ 10, a share totalling 270 million dollars just seven months later in November, Milton bought the most expensive real estate in Utah by paying thirty two point: five million dollars For a river Bend ranch, this ranch consists of eight bedrooms: nine bathrooms, 2670 acres and sixteen thousand eight hundred square feet. This comes off as incredibly suspicious as Trevor inflated the valuation of Nicola through ambitious claims like the revolutionary battery and then sold seventy million dollars worth of stock before he even sold the product with that groundbreaking battery.
If Trevor's claims about Nicola are true, wouldn't it make sense to wait for the valuation of Nicola to increase after the company starts selling and revealing its groundbreaking battery. Many will say that Trevor is just cashing out some stock so that he could pay for living expenses. But if that was true, then why is he selling such a large amount of estate when it comes to fairness? Elizabeth Holmes actually lived in a rather humble house. Despite having a net worth of five billion dollars, she was still living in a one-bed one-bath home with thoroughness.
Elizabeth Holmes constantly talked about how revolutionary that Edison machine was, but we never got to see that machine in action. She was also extremely persuasive, as when the thoroughness board made the decision to fire her. She was able to persuade the board to backtrack on their actions. This seems to line up with nikola motors.
I Strava milton is not owning a persuasive speaker, but is also out here claiming that he has already out competed Elon Musk, there's very few people that can out Elon in this world and that and I'm one of them there's very few people that can out Elon In this world and I'm one of them, let me know what you think about Nikola Motors in the comment section below. If you enjoyed this video, please hit the like button and subscribe and I'll see you in the next one.
I highly suspect any company in which the founder or CEO or whoever is more famous than the actual product the company is trying to produce.
Fraud & scam, this house of cards is crashing. There is absolutely nothing there.
If what is presented in this video is correct, Trevor doesn't seem to understand that more autonomy in a fuel cell electric vehicle (FCEV) depends on the amount of compressed hydrogen it can carry, not on battery energy. The battery on an FCEV is for the electronics although it can be also used for peak power usage in the motors, if designed and dimensioned as so.
I graduated from Dalhousie University from the same department of Doctor Jeff Dahn who has been working on batteries since forever. It takes a life devoted to science just to change one bit the existent technology. Nikola's claims are unsubstantiated, and I think many people disregarded the hydrogen cells technology for the lack of any significant advance during the past decade or more. Hydrogen as a source of energy requires literally of a miracle to happen. I am optimistic though. This year, a new metallic state of hydrogen (achieved to super high pressures) promises new hydrogen uses in different fields including transportation. The discovery is so remarkably that it can easily win the Nobel prize in physics or chemistry. But the scalability of these discoveries is still to be conquered.
Trevor publicity and resignation Nikola adds Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors and gm staff takes his place , than doing back deal to gm ? now talking gm to gm ? forcing Trevor to shut up and take it ? ,maybe gm did not know anything till last week ? but i doubt that very much just crazy TREVOR MUST BE UPSET BY THIS FOR SURE , so Trevor got played and the smoke is so thick and well funded people (possibly some good stock review people) are turning on Trevor ? do they know this info??? if they do they are in on it , if they don't they should be told. some people saying gm ceo was placed in jv company that made Nikola go public and vector iq may have been sharing internal info into to gm, prior, during and after , he is set to be CEO of Nikola now ?? so if there is a thread of truth in that it is a obvious play to tank company and take out Trevor and possible take out technology or maybe just a coincidence a staff of gm moved into a jv company VectoIQ joining to Nikola than Nikola partnered with gm and than they force Trevor out ?? and that gm become ceo and now control
One is a sociopath, the other is an sleight of hands illusionist.
Theranos was definitely more damaging considering they were gambling with peoples lives. Nikola is somewhere between theranos and faraday future. The amazing thing about Tesla is that it has brought all these bullshit hacks to the surface
and probably his lawyers will try to strike a strike on his videos, so it is known he is trying to cover up the tracks until they manage to get rid of some actions until December this year.
There's always a crook out there committing fraud
Milton is worse than Holmes. And they both belong to jail for scamming people hard earned money.
I don't know.
I don't know.
I don't know.
He's a scam artist. But hey, the real idiots are those who invested their money in his business without doing their due diligence and checking to see if the battery really exists and performs as he claimed. There's a sucker born every second and plenty of Elizabeth Holmes and Trevor Miltions ready to cash in on the gullible. The SEC is also corrupt and incompetent. They should not be allowed to let a company go public without proving the existence of the company's goods.
If it quacks like Theranos, walks like a Theranos…maybe it is a Theranos
NO! IT IS NOT THE NEXT THERANOS! HOW DARE YOU?
It's the CURRENT Theranos.
The most successful snake oil salesman with all the suckers/investors in wall street. Sell their hallucinations without any scientific background, training or knowledge. Suckers born everyday.
He’s another scammer like Weworks Adam Neumann … fkn clowns
My brother and sisters for any diseases call me in this No 00966503827304 . no operation no Medicine
i didn't even realize they were talking about battery based stuff i thought their game was hyrogen fuel cells that gm ended up making them
Founder of USA company is asking for help he is under attack as is the company and the vision.
GOD BLESS AMERICA attacking American technology and shifting and pushing a company to move offshore is a no no also in this day and age , some people saying gm ceo was placed in jv company that made Nikola go public and vector iq may have been sharing internal info into to gm, prior, during and after , he is set to be CEO of Nikola now ?? so if there is a thread of truth in that it is a obvious play to tank company and take out Trevor and possible take out technology or maybe just a coincidence a staff of gm moved into a jv company VectoIQ joining to Nikola than Nikola partnered with gm and than they force Trevor out ?? and that gm become ceo and now control Trevor publicity and resignation Nikola adds Stephen Girsky, current CEO of VectoIQ and former Vice Chairman of General Motors and gm staff takes his place , than doing back deal to gm ? now talking gm to gm ? forcing Trevor to shut up and take it ? ,maybe gm did not know anything till last week ? but i doubt that very much just crazy TREVOR MUST BE UPSET BY THIS FOR SURE , so Trevor got played and the smoke is so thick and well funded people (possibly some good stock review people) are turning on Trevor ? do they know this info??? if they do they are in on it , if they don't they should be told.
? on top of that the massive smoke screen by what i call sucker youtubers getting paid to fan flames and other short stock means it was a full attack on a great company , its staff and it share holders and or technology which USA needs , as is currently on a express boat out of country to be made else where,
Attacking company and it validity publicly is the wrong approach and a major mistake as the following is massive as is the support for Nikola to follow through ,
magic pill ? = take out gm and gm CEOs for insider trading prior to short sales and investment and put Trevor back in and get this factory and product range MADE IS USA,
do not mess around do it fast USA has competitors while your at it hit all youtube will insider malice and share manipulation charges and fines unless they post full public retractions on youtube and press and hit Hindenburg with insider trading on short sale malice and manipulating market
I agree with you, Nikola may be the next Theranos. It could be Bernard Madoff 2.0
Dude you called this months before the deck of cards fell, good jerb!
The really revolutionary part of he new battery is that its actually invisible.
Good job on calling a fraud early on… it is not a very clear Trevor Milton will be going to jail for several years and all of his profiteering from fraudulent activities will be forfeit. He made materially false statements to pump the stock and mislead investors… they never had any new cutting edge battery chemistry, no production vehicles coming off the assembly line, no assembly line, no in-house inverter box is manufactured, no hydrogen generation station, no solar panels on their building, and the laundry list goes on of material you false statements that constitute securities fraud. Enjoy your comfy Utah mansion while you can Trevor… The other executives should also be concerned if they knew of the fraud.
You have predicted the future…. nkla will be on america greed tv show
I am just very sorry I did not get to watch this before the bloody marie :((