Grand jury indicts Trevor Milton, Nikola founder, on three counts of fraud • Hacker News Board

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

#531

Post by CRConrad » Mon, Aug 09, 2021, 10:48 PM UTC

xkjkls wrote: post #521

CRConrad wrote: post #503

Earlier quoted context omitted.

When did BMW and Volkswagen produce tanks; which ones?

https://en.wikipedia.org/wiki/Volkswagen_K%C3%BCbelwagen https://en.wikipedia.org/wiki/Volkswagen_Schwimmwagen https://www.warhistoryonline.com/war-articles/bmws-dark-hist...

Sorry, apparently I interpreted "tanks" more literally than you do. The Kübelwagen and its amphibic Schwimmwagen variant were el cheapo jeeps, not tanks; BMW manufactured mainly aeroplane engines. Those "vehicles that they needed to wage war from the Urals to Morocco" mentioned in your third article were in all probability "staff cars", for superior officers, based on (barely modified?) pre-war standard civilian models.

So no tanks, AFAICT. They had enough other companies for that.

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

#532

Post by RC_ITR » Thu, Aug 12, 2021, 12:32 AM UTC

ajross wrote: post #27

typon wrote: post #16

Earlier quoted context omitted.

This company was an obvious scam from the beginning...the EV hype brought on by Tesla swept up so many naive people. Some of my family invested in this stock and lost a lot of money.

I think that's very much a hindsight kind of thing. I mean, yes, Nikola was a scam. But in "the beginning" the only people willing to say that it was a scam were ones who sounded exactly like the much louder, better funded, and media-accessible people screaming that Tesla was a scam. This very site was filled with $TSLAQ nonsense. And it was all wrong, much of it deliberately so. The investment world is drowning in d…

You can't make a claim like:

>And it was all wrong, much of it deliberately so.

then act like people calling you out for that are calling Tesla a scam. It's a real company, they make cars, but the short sellers weren't and aren't crackpots from a 'Tesla is overvalued' perspective.

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

#533

Post by rvz » Thu, Aug 12, 2021, 4:20 PM UTC

renewiltord wrote: post #345

yupper32 wrote: post #309

Earlier quoted context omitted.

And if the ball landed on black instead of red the last time I bet on roulette I'd also be ahead. Performance analysis like this after the fact doesn't really have any relevance unless there was some information missed.

Further reading on this in Adaptive Markets : Financial Evolution at the Speed of Thought . Has some theories around information flow and market participant behavior that permit edge to persist.

Well 13 days later after calling my NKLA short position and closing 75% of my position [0] I now made more money after it fell below $10.00 on the 12th of August as of this comment.

So it seems I'm the one leaving with profit after closing the remaining 25% of my short position while you sit their and watch.

It turns out that I'm the one laughing all the way to the bank.

[0] https://news.ycombinator.com/item?id=27996773

[1] https://news.ycombinator.com/item?id=28050958