Earlier quoted context omitted.
This Nikola thing looks pretty weird indeed, but to be fair, Musk's name for his company is also not very original, since he (or whoever) also just took the dude's name even though he had absolutely nothing to do with him.
Tesla is also an SI unit associated with electricity. Then again, are there any companies called "Ohm" or "Ampere"?
Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
351–360 of 533 posts
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#352Earlier quoted context omitted.
The Tesla truck is vaporware https://youtu.be/56862W24HK8
The reservation page is up, they are talking delivery in 2022.
And in 2022 it will be 2024. And you will continue to think that doesn't matter. If deadlines don't matter why can't Nikola claim the same thing? "It doesn't work yet, but it will?"
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#353Earlier quoted context omitted.
I'm not sure you are following the Elon-Solar City case if you think Elon's only sin is being a dick on Twitter. Or the original $420 funding a share saga. Elon Musk's repeated fake-it-till-you-make-it behavior and the unwillingness of regulators to crack down on it spawns Trevor Miltons.
The SEC did enforce against tesla - when Elon tweeted "Tesla’s stock price is too high imo" - they began an investigation and subpoenaed records because they felt this this had not been approved by attorneys (it wasn't - elon claimed it was his personal opinion). So they went after him for this. They also went after him for a lot of other stuff. Note that they haven't gone after folks for failure to deliver issues on…
Like lying about a buyout offer for his company. Which he received a incredibly small punishment for.
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#354Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#355Earlier quoted context omitted.
> This person is a troll. That's a baseless accusation, where are the mods? > They have been spotted driving all over the place and doing real world testing on actual highways and in cold weather. Prototypes, with zero evidence they can achieve the claimed specifications. If you know otherwise, please, show us all. They are dependent on 4680 cells, which do not exist. They don't even have a factory, and they claimed…
You have to be a troll if you are trying to convince people that a self propulsive vehicle, and an unpowered structure that can only move by being pushed or rolling down a hill are the same thing.
There is zero evidence Tesla has a semitruck that with the range the claim at the price they claim to be able to produce it.
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#356Earlier quoted context omitted.
I think the poster meant the irrational investors, as opposed to the CEO/owner, when they used "they".
This is why this idiotic trend towards gender neutral pronouns is so... idiotic. 90% of the time when it's used, it's confusing and makes the information you're trying to convey harder to get. In this case the op wasn't even using gender neutral shenaningans, but since it's 2021 and it's becoming relatively ubiquitous, we get this kind of confusion.
Sure, I guess it is less ambiguous on average..
Hm.
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#357Earlier quoted context omitted.
Tesla wasn't faking videos by rolling a nonfunctional truck down a hill. They're shipping almost a million cars a year now (looks to be like 850k in 2021 I think). Mine took me to Yellowstone a few weeks back. Now, sure, "overvalued" is a very reasonable argument. I'd even agree. That's not the kind of rhetoric that was deployed against the company and you know it. Which is why people didn't believe folks screaming t…
Well but Tesla is still calling their drive assist autopilot and Musk has at multiple times in the past said full independent driving is just around the corner and all these "around the corner" dates have past and there still is not fully independent autopilot. So yes there is a difference in scale, but not in principle I would say. Musk is also lying (I don't believe that by now he still believes we will have unassi…
Telsa has always separated AutoPilot and Full Self Driving as separate features. "But people confuse AutoPilot and think is does everything and is a virtual chauffeur", Well those people are stupid, stupid like the people who try to trick the car into driving and fake out the driver attention safety features.
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#358Hindenburg Research was right then. https://hindenburgresearch.com/nikola/
For Hindenburg Research's business model, it doesn't suffice for them to accurately detect that a company is fraud. Hindenburg also needs to get the timing of their trades right, and find a way to communicate the message that results in market demand for the stock dropping.
e.g. the kind of horror story where you enter into a short position on a stock that you believe is a fraud or otherwise wildly overvalued by the market (and you're right) and the market price climbs 10x over two years, so you exit to take a huge loss, then maybe 1-3 years later the market catches up and decides the company is a failure. You were "right", but so what?
Maybe another way to look at this is that there are probably a lot of other frauds or other overvalued companies out there, but the current market conditions don't make them viable targets for short sellers, so maybe no one is going to try very hard to out them.
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#359Earlier quoted context omitted.
> FSD was advertised as paying for something that would come in the future So the software that is called 'FSD' (Full Self Driving) doesn't actually mean what is says or was advertised then? You're telling me that it doesn't mean 'Full Self Driving' or what was meant to be 'full Level 5 autonomy' which that was advertised for completion in 2019 and 2020? [0] We are in 2021. Where are the robotaxis then? [0] > If you…
> So the software that is called 'FSD' (Full Self Driving) doesn't actually mean what is says or was advertised then? There is no FSD today the capability you're paying for is a future update, it used to be entirely that - now they include some extra features under FSD that aren't in base autopilot (lane changes, etc.). They've always been pretty explicit about this - the language on the site today reads: > The curre…
What difference? Unless of course, the case of Tesla's deceptive advertising of its beta FSD system putting the lives of drivers at risk and killing them or others [0] is 'far more serious' than Nikola's deceptive advertising of their whole business. Then yes, I agree on that difference and both must be under very close investigation by the regulators.
More specifically, I'm sure you should also realize that I was criticizing both of them from the start and not 'cherry picking' or siding with any company or person, unlike you mentioning Musk's other companies which that is completely irrelevant.
> They've also shipped more features toward this goal over time which is what they said they'd do.
Despite this, it is still unreliable [1] and the safety risks still stands, even when the driver is behind the wheel and is attentive of what is in front of them.
Highlighting these risks is extremely important such that it is the difference between life or death and it can be from a malfunction in the software that controls the car.
> Do the above quotes sound like some neutral descriptor to you?
Excuse me?
It is an objective fact. Isn't it? [2] [3] Why do you feel offended of this fact? I'm sure the customers will listen to them because they think they know what they are talking about? Don't they?
>>> Con-artists will mimic the people that actually know their shit. [4]
Remember this?
[0] https://www.nytimes.com/2021/07/05/business/tesla-autopilot-...
[1] https://twitter.com/JordanTeslaTech/status/14184133078625853...
[2] https://en.wikipedia.org/wiki/Elon_Musk
Re: Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud
#360Earlier quoted context omitted.
The SEC did enforce against tesla - when Elon tweeted "Tesla’s stock price is too high imo" - they began an investigation and subpoenaed records because they felt this this had not been approved by attorneys (it wasn't - elon claimed it was his personal opinion). So they went after him for this. They also went after him for a lot of other stuff. Note that they haven't gone after folks for failure to deliver issues on…
> They also went after him for a lot of other stuff. Like lying about a buyout offer for his company. Which he received a incredibly small punishment for.