Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud

Post by borkyborkbork » Thu, Jul 29, 2021, 8:58 PM UTC

itsoktocry wrote: post #283

mcot2 wrote: post #157

Earlier quoted context omitted.

This person is a troll. The Tesla semi is not “barely functional”. They have been spotted driving all over the place and doing real world testing on actual highways and in cold weather. Production was already to be started except for a shortage of battery cells (due to the extreme popularity of their existing cars and powerwalls/megapacks) which they are working to remedy.

> 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…

Post by lazide » Thu, Jul 29, 2021, 8:59 PM UTC

bell-cot wrote: post #219

mcot2 wrote: post #126

Earlier quoted context omitted.

One of the NKLA board members Steve Girsky was previously a Vice Chairmen at GM and likely facilitated this deal. I think it needs to be investigated further and Mary Barra should be forced to provide the evidence of due dilligence that GM collected during the closing of the deal.

What due diligence is reasonably required of GM, if the deal is obviously a win or wash for them, no matter what happens at NKLA?

Post by lazide » Thu, Jul 29, 2021, 9:00 PM UTC

itsoktocry wrote: post #286

admax88q wrote: post #147

Earlier quoted context omitted.

Well... Tesla actually sells real cars. Nikola so far looks little different than your average kickstarter that never delivers.

> Well... Tesla actually sells real cars. So if you sell cars and land rockets, you can lie about other things?

Post by gonehome » Thu, Jul 29, 2021, 9:01 PM UTC

Robotbeat wrote: post #302

gonehome wrote: post #276

Earlier quoted context omitted.

FSD was advertised as paying for something that would come in the future - I bought it under that assumption (and so did everyone I know that has it). That was and remains true. They've continued to make progress towards it: https://www.youtube.com/watch?v=g6bOwQdCJrc Autopilot is different and isn't advertised as level 5 - 'autopilot' implies fancy lane keeping not turn by turn point to point autonomy. Elon's FSD ti…

I think Trevor was counting on people not being able to tell the difference. They named their Tesla-competing company “Nikola,” which is a bit astounding when you think of it.

Post by borkyborkbork » Thu, Jul 29, 2021, 9:09 PM UTC

itsoktocry wrote: post #289

skystarman wrote: post #218

Earlier quoted context omitted.

Plenty to criticize Tesla and Elon about, to be sure, but a lot of Elon's predictions have turned out to be true at least when it comes to passenger vehicles. What they've done with the EV market for consumers is nothing short of remarkable. Obviously Solar and Semi are a different matter. Tesla was run by a technical founder (Stanford PhD pedigree fwiw) that knows his shit (though a bit crazy and prone to exaggerati…

> Tesla was run by a technical founder (Stanford PhD pedigree fwiw) that knows his shit (though a bit crazy and prone to exaggeration and hyperbole) Musk was not a Stanford PhD nor a founder, if that's who you are referring to. If you can point me to any evidence of either that doesn't come from him, I'll be happy to stand corrected. > He even hired his brother--a guy who used to install carpets--to run Nikola's hydr…