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Nikola founder Trevor Milton found guilty of fraud

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Re: Nikola founder Trevor Milton found guilty of fraud

#61
post #24

I remember when some FAANG buddies of mine were gloating about gains made of NKLA. It reminded me no one gives a fuck if their money is made by corruption, fraud or unethical activity. The world is truly a "Fuck you, I've got mine" type of place. Never forget it, and never trust anyone. I see the same story playing out in the Celsius network crap.

It really isn’t. I’m kind of fed up with people, who live at a time of unprecedented wealth freedom and opportunity, complaining how bad things are while the state of the world around them improves dramatically. I was reading about poverty in the UK recently, the numbers are poor, but then I noticed that poverty is defined by a proportion of average wages. That means as wages go up, so does the poverty threshold. It…

This is a common rhetoric by [neo]liberals like Bill Gates, Pinker (both friends with Epstein too…), Peterson, Bari Weiss. Pinker has at least one book wholly focused on this rhetoric. The problem is, this stuff could have been said 20, 50, or 150 years ago. Always can say “look at all the progress, why are people complaining about stuff”. And this is what has happened historically. People want to keep the status quo. Not rock anything.

If we all thought this way, then gay people will never get to the point of being treated like any other person instead of having more difficult lives in many places still. Can substitute gay people for all sorts like trans people or black people/minorities in some circumstances.

Re: Nikola founder Trevor Milton found guilty of fraud

#62
post #44

Earlier quoted context omitted.

This is why [0] > The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets, a charge that Tesla has agreed to settle. Essentially by agree…

Oh yes, and when I paid my speeding ticket last week I proved I was smuggling drugs down the interstate.

Well he settled Securities Fraud charges, so it stands to reason there was likely securities fraud. He also had to step down as chairman, appoint 2 new independent directors, and appoint an independent board to oversee his public communications.

If you paid a drug smuggling fine and as part of the process admitted to smuggling drugs, I might be inclined to label you a drug smuggler as well.

Re: Nikola founder Trevor Milton found guilty of fraud

#63

Earlier quoted context omitted.

Nikola is still a $1.3 billion company if you really want your mind blown.

That's the true insanity here. Did they ever sell a truck? In the meanwhile those un-innovative legacy manufacturers have the first working protypes on the road. And where is the Tesla Semi again?

The Tesla Semi is being produced right now for some contract deliveries, announced last week.

Re: Nikola founder Trevor Milton found guilty of fraud

#64

Earlier quoted context omitted.

Nikola is still a $1.3 billion company if you really want your mind blown.

That's the true insanity here. Did they ever sell a truck? In the meanwhile those un-innovative legacy manufacturers have the first working protypes on the road. And where is the Tesla Semi again?

According to wikipedia they sold 93 trucks yes. All recalled because a seat-belt issue (that's how I got '93'), but it seems they have some trucks on the road right now, whatever the quality (and unlike Tesla, btw)

Re: Nikola founder Trevor Milton found guilty of fraud

#65

Earlier quoted context omitted.

Cybertruck? Twitter? Hyperloop? Is the Las Vegas thing with slow Teslas in a tunnel not fraud?

No, it’s a tunnel for cheap where cars carry people. It’s not a hyperloop, no idea why you use that work in the context.

Vegas Loop — How is it for cheap? Did you see the costs? The costs weren’t for what the tunnel is outputting right now. Even with more Teslas, the tunnel hourly output is too little to hit the contract milestones Boring Co set with Vegas. It is a massive failure and seems like a con or fraud to just get Tesla more mindshare.

Also. Who’s paying the drivers? That’s a lot of drivers driving all day. This was never part of the deal as it was supposed to be automated. So whoever is paying the drivers is not doing anything for cheap.

Re: Nikola founder Trevor Milton found guilty of fraud

#66
post #6

>Trevor Milton lied to Nikola’s investors — over and over and over again. That’s fraud, plain and simple, >He faced up to 25 years in prison if convicted on all four counts. If he would have taken large subsidies, like Musk did, it would've been much harder to jail him. Then he could let his imagination go - promise investors that they will make 100% return on investment per year ("buy Tesla for $30,000 and you make…

When did Musk take subsidies (other than those any other competitors received to)?

Isn’t that how subsidies work? They go to the massively wealthy and powerful too much? Which is the problem?

Re: Nikola founder Trevor Milton found guilty of fraud

#67

Earlier quoted context omitted.

That's the true insanity here. Did they ever sell a truck? In the meanwhile those un-innovative legacy manufacturers have the first working protypes on the road. And where is the Tesla Semi again?

The Tesla Semi is being produced right now for some contract deliveries, announced last week.

They announced a lot of things since the announcement in 2017 though. Let's not take Tesla's announcements as anything else than stunts for now, like, really.

Re: Nikola founder Trevor Milton found guilty of fraud

#68

Earlier quoted context omitted.

Nikola is still a $1.3 billion company if you really want your mind blown.

That's the true insanity here. Did they ever sell a truck? In the meanwhile those un-innovative legacy manufacturers have the first working protypes on the road. And where is the Tesla Semi again?

Nikola delivered its first "Nikola Tre" electric truck on December 17, 2021. It announced the start of serial production in March 2022, and delivered 48 trucks in Q2 2022.

According to the company, they remain on target to deliver 300-500 trucks by the end of 2022.

Re: Nikola founder Trevor Milton found guilty of fraud

#69
post #67

Earlier quoted context omitted.

The Tesla Semi is being produced right now for some contract deliveries, announced last week.

They announced a lot of things since the announcement in 2017 though. Let's not take Tesla's announcements as anything else than stunts for now, like, really.

And meanwhile Volvo has three fully electrical semis in serial production and Mercedes started serial production of an electric Actros.

Re: Nikola founder Trevor Milton found guilty of fraud

#70
post #44

Earlier quoted context omitted.

I'll bite. How so?

This is why [0] > The Securities and Exchange Commission announced today that Elon Musk, CEO and Chairman of Silicon Valley-based Tesla Inc., has agreed to settle the securities fraud charge brought by the SEC against him last week. The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk’s tweets, a charge that Tesla has agreed to settle. Essentially by agree…

But this is basically due to Elons reckless tweeting. It’s quite different to faking the creation of an electric car like Trevor Milton.

Elon may be guilty of being an idiot and not thinking before he tweets, but he pushed forward electric cars and rocketry more than any other person currently living I would say.

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