Hyzon Motors, Like Nikola But Worse

Hyzon Motors is a hydrogen truck company that went public by merging with a SPAC in 2021. Shortly after it went public it was exposed that many of their technical claims and reported financial results were fraudulent.



#Wallstreetmillennial #hydrogen

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0:00 - 2:56 Intro
2:57 - 6:22 The SPAC merger
6:23 - 11:05 The fraud
11:06 Fooled again

[Bewilderebeest]

4 years in jail vs having spent all his adult years as a crook and scammer? Yeah, I’m sure ol’ Trev will be on the straight and narrow for the rest of his life 🙄

[unsaltedskies]

Fool me once: shame on you,
Fool me twice: are you Jim Kramer?
If you fool Jim Kramer twice, you can fool him again.

[mrkrag]

Grab a snack and a drink, time for today's "merged with a SPAC" video.

[joshuapatrick]

Trevor Milton ONLY got 4 years?!? How?

[richardliu]

Possible loophole here: that's a hydrogen-carrying truck that runs on milk.

[dougsheldon]

I'm just tired of all these light prison terms being handed out.

[exp]

Anyone got a list of companies that used a SPAC to go public that weren't an outright scam?

It's almost like there may be reasons why some companies fail to go public via the proper channels...

[ChrisJohnson-tnmo]

It’s mind blowing how little accountability there is for securities fraud. The severity of the punishment should be on par with the number of people affected by the fraud and how much they were affected. Just because there wasn’t any violence doesn’t mean people aren’t being hurt. For all we know, there are people who lost their homes because they were all in on that investment. Regardless, 4 years is not enough to get these criminals to stop doing things like this. People would be robbing banks on the daily if they knew they could pay off the authorities with the bank money they stole. Why these criminals on Wall Street get to keep doing that kind of BS just goes to show how the system is meant for the rich to succeed no matter what.

[ktktktktktktkt]

I'm sorry... the Bespoke Post ad segment (and their business model by extension) seems so bad... On one hand, this is excessive consumerism to the logical extreme. You don't even have to select the garbage to buy that you're never gonna use. On the other hand, it's an excuse for them to sell you stuff they got at a discount that they weren't able to sell off otherwise.

[ecoideazventures]

Standard wall street technique - create a hifi looking company, file patents for their innovations, bring in celebrity investors, find legal loopholes (SPAC) to list on the market, then milk in the suckers!

[regenwurm]

Did they let gravity do all the work again?

[thlee]

love this channel. but that ad was bad

[ronque]

Next up, lithium powered passenger planes. Cuz why not?!

[malekinception]

The city of edmonton in alberta is suing an ev company by the name of proterra based in california for 82 million dollars for providing faulty ev busses and false range estimates.

[beinquisitive]

I saw a Nikola semi on the road the other day. I thought it was weird. I didnt know they had ever brought an actual product to market.

[stotgunvsface]

Then you see edison motors. Posting videos semi daily showing their entire building, testing and first drives as well as the problems they have faced. Now they are renovating a shop here in northern bc to build their electric logging and vocational trucks.first load was 100, 000 lbs it towed on flat ground with no gimmicks.

[alphadawg]

Bespoke post is a scam. The stuff you get is not nearly worth what you pay!! ...how could it? The company wouldnt make any money.
As a finance person you should know that yet you decide to be sponsored by the company.

[mr.polakstunts]

Do a video on Boeing covering the, engine fire, wheel falling off, door blowing out, MCAS and the recent whistle blower “suicide”, and how this will impact airlines & aviation

[GrubbJunker]

Best thing is there's a Motley Fool article from 2022 telling people to forget Nikola, get Hyzon. Awesome.

[kb]

What is this hype with hydrogen trucks? As I know, fuel cell buses, cars and trucks exist since over 40 years and companies like Hyundai produce these in there regular production series. Are those investors so uninformed?