How to Lie Your Way to $34 Billion [Nikola Motors Fraud]

Trevor Milton took the phrase "fake it till you make it" to the extreme. Let's take a look at the wild story of Nikola Motors. I've been sitting on this script idea for a year, so here it finally is.

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//Soundtrack//

Sonic Future - Remember That (original mix)

Zachary David – The Light

&ME - The Rapture Pt.II

Sons Of Maria – Chimera

Nanobyte - Lost Time

Deccies – Subtle

frames - Calm Wisdom

Nova Nova – See

Julianna Barwick - Look Into Your Own Mind

Burn Water - Youth

Producer: Dagogo Altraide

[TeraAFK]

Well, technically, a truck that doesn't start is indeed zero emissions

[daintellekt]

Pulling this off in 21st century in the age of social media, govt watch dogs, media glare, and significantly learned society is just incredible. Company got listed with $34B valuation- unbelievable !

[miked]

You did more research into Nikola Motors than Nikola Motors did into hydrogen electric motors. Amazing.

[pdeezzel]

I bet in the future he donates a tiny % of all his fortunes to a politician and gets all his charges dropped... Oh wait

[eaaeeeea]

I think the biggest factor in him being able to pull this off is Tesla's success and people who missed that boat jumping on anything resembling a "second chance".

[domm]

The disgusting thing is that because of how the legal system works, even if he is found guilty and goes to jail for a few years he'll still have enough money hidden away from all this to live comfortably for the rest of his life. Crime does pay.

[meks]

Bro made the most of that one semester studying Sales and Marketing. This has to beat the record for RoI anywhere lol.

[dimitristripakis]

I remember when Nikola surpassed Ford without ever selling anything; that was hilarious and my favorite part of this story.

[trumpet]

My favourite memory of Nikola was all the fanboys on YouTube and elsewhere calling me a "hater" for thinking this was all smoke and mirrors. I'm literally howling with laughter now. Ridiculous. Thanks for the video Dagogo.

[Crugroth]

This is mind-blowing! The most successful truck company that never sold a truck!

[evan]

Wait... investors yoloing in all their money without doing a lick of research???
There's a few crypto-related subreddits that should watch this

[PointInTheInternet]

He just got pardoned. Wtf. Dystopian times is an understatement.

[Zeppelin]

this guy is the embodiment of the phrase "trust me bro"

[Nightsd]

What really blows my mind is how Bosch, GM, etc. got fooled by this guy. This is why you really need to have senior engineers supervise the MBA types, and not the other way around.

[ddmarty]

Amazing how his story pretty much mirros Elizabeth Holme's. Dropped out of college, started a business they had no experience in, lied to investors, put out a show that had a nonfunctioning product, based on science that did not exist. Changed the focus of the inventino midstream. And all these big companies just bought into it with zero vetting. What a great video. Thank you.

[matta.]

How those major corporations got duped by a "snake-oil" salesman is almost amazing.

[manikkalore]

This also proves how incompetent GM management is.

[leebs]

Why on Earth are these people not jailed! If I stole $5 from a bank I'd be hauled away in 2 seconds flat... yet everyone knows these people are lying but are allowed to get away with it! It makes my blood boil.

[jayh]

This is what happens when marketing and sales start before engineers talk about possibility.

[GreenNinjaTea]

Trump just pardoned him. Thanks to everyone that voted for this