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GM scales back partnership with electric truck startup Nikola

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Re: GM scales back partnership with electric truck startup Nikola

#101

Trevor Milton invited me to his headquarters to prove his trucks weren't fake. While we were having lunch I asked him about the longtime friend of his (15 years, went to his wedding) who he had framed for extortion. The friend later committed suicide when he got out of jail. This was all happening during the Nikola reverse-IPO process. After a recording of our conversation was posted online, a bunch of women came for…

Why would he volunteer any information on that situation at all. Seems incredibly foolish.

Re: GM scales back partnership with electric truck startup Nikola

#102
post #93

Earlier quoted context omitted.

because Trevor told the police that Jonny had told him "give me money or i'm going to post untrue information about you to ruin your reputation". The info turned out to be true, which makes me doubt him recounting that Jonny brought up the idea of a pay off.

So Trevor fabricated evidence to fool the police? That's a far more serious offense than the sexual misconduct, and frankly it's hard to believe he could pull that off, unless he managed to bribe the police. Johnny's probably not completely innocent - they can both be scumbags.

when you're a billionaire you have certain influence, and people have told me that LDS members tend to look out for their own. Trevor made a large donation to the people that helped with the arrest after. I can't remember if it was the police or the attorney or both.

Re: GM scales back partnership with electric truck startup Nikola

#103
post #33

Trevor Milton invited me to his headquarters to prove his trucks weren't fake. While we were having lunch I asked him about the longtime friend of his (15 years, went to his wedding) who he had framed for extortion. The friend later committed suicide when he got out of jail. This was all happening during the Nikola reverse-IPO process. After a recording of our conversation was posted online, a bunch of women came for…

After listening to the recording it's pretty clear that this guy is a fraud. what is the lethal dose of acid? thanks, ill wait.

Not to mention that, if he had done 10-15x the lethal dose of acid, wouldn't he be dead?

Re: GM scales back partnership with electric truck startup Nikola

#104
I've been too afraid to short this stock - especially since it seems like all the information I know about it (Hindenburg report, few YouTube summaries of the situation) is public knowledge. I naively figured that information was priced in - yet, as recently as Friday this stock was trading at 28 dollars a share.

Following Nikola has really made doubt the capabilities of the stock market. It might be dangerous for me, I might begin to think a bit of reading and casual YouTube watching might make me informed enough to take meaningful positions. On the other hand, maybe it is...

Re: GM scales back partnership with electric truck startup Nikola

#105
post #85
post #83

Earlier quoted context omitted.

I think your missed the point of the comment you were replying to. Why would we on HN, care about whether or not the recording was legal?

At the very least, people might do some additional research before engaging in surreptitious “journalism”.

There was nothing secret about it, we were invited to the HQ specifically to record

Re: GM scales back partnership with electric truck startup Nikola

#106

Trevor Milton invited me to his headquarters to prove his trucks weren't fake. While we were having lunch I asked him about the longtime friend of his (15 years, went to his wedding) who he had framed for extortion. The friend later committed suicide when he got out of jail. This was all happening during the Nikola reverse-IPO process. After a recording of our conversation was posted online, a bunch of women came for…

Do you have a link that provides some evidence about the bunch of accusations from women that you talk about?

Because in all your comments you talk about a lot of stuff with little proof...

Re: GM scales back partnership with electric truck startup Nikola

#107
post #92

I know it's petty but literally the fact that it was named Nikola was reason enough for anyone to think they're shady or uninspired or a straight up scam. I would be equally skeptical about wannabe Apple competitors named Banana or Dragonfruit, or a Microsoft competitor named Megahard, or a Burger King competitor named Hamburger Aristocrat. If the best someone can come up with for their own name is a joke pointed at…

Thats what I thought when I first heard about Tesla... I.E.: why would Elon steal an historical name?

Re: GM scales back partnership with electric truck startup Nikola

#108
post #29

Earlier quoted context omitted.

You feel that way because you realize that it's a calculated attempt to ride the coattails of an infinitely more successful and reputable company, a deliberate confusion, like if you opened a coffee chain named 'Farbucks' (slogan: "We'll make your dollar go further!"), or the small pennystocks which aim for stock tickers deliberately similar to real companies (Matt Levine covers the occasional bumps in the stocks of…

I don’t think so. Nobody knows the word Nikola. That reference is pretty subtle. It’s Tesla Motors, Inc. that tried to ride the coattails of the famous inventor.

Laughable. I must have heard and read the full name, Nikola Tesla, a thousand times by the time I was 12. I am certainly not alone in this.

It’s one thing to name your company after an inventor, and another to name it after an infinitely more successful competitor.

Nice try.

Re: GM scales back partnership with electric truck startup Nikola

#109
post #57

Earlier quoted context omitted.

Well, no company is 'worth' its market cap since you can rarely exchange it for that value in total. But of course the only meaningful notion of absolute 'worth' of something like this is the value as determined by the market. Of course it may not have been worth it to you at the marginal clearing price, but that's because the value to you is a function of the valuer and the thing being valued.

If a guy is selling sandwiches on the street for $1 million and a hungry Jeff Bezos happens to wander by and purchase one, the sandwiches still aren't worth $1 million.

That's right; you'd have to pay Bezos substantially more to get that sandwich.

Re: GM scales back partnership with electric truck startup Nikola

#110
post #74

Earlier quoted context omitted.

How about an all electric Hummer? Seriously though, GM does make plenty of electric cars. Or are you suggesting they should use the Edison brand?

He said GE, not GM.

Doh, I can't believe I read that wrong. Mea cupla, and thank you for the correction.
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