![]() Nikola has never walked back claims relating to its battery technology.This was to be done through a pending acquisition, but the deal fell through when Nikola realized (a) the technology was vaporware and (b) the President of the battery company had been indicted months earlier over allegations that he conned NASA by using his expense account to procure numerous prostitutes. In October 2019, Nikola announced it would revolutionize the battery industry.Our investigation of the site and text messages from a former employee reveal that the video was an elaborate ruse-Nikola had the truck towed to the top of a hill on a remote stretch of road and simply filmed it rolling down the hill. We reveal how, in the face of growing skepticism over the functionality of its truck, Nikola staged a video called “Nikola One in Motion” which showed the semi-truck cruising on a road at a high rate of speed.We examine how Nikola got its early start and show how Trevor misled partners into signing agreements by falsely claiming to have extensive proprietary technology.He has inked partnerships with some of the top auto companies in the world, all desperate to catch up to Tesla and to harness the EV wave. Trevor has managed to parlay these false statements made over the course of a decade into a ~$20 billion public company.We have never seen this level of deception at a public company, especially of this size. We have gathered extensive evidence-including recorded phone calls, text messages, private emails and behind-the-scenes photographs-detailing dozens of false statements by Nikola Founder Trevor Milton. ![]() Today, we reveal why we believe Nikola is an intricate fraud built on dozens of lies over the course of its Founder and Executive Chairman Trevor Milton’s career. ![]()
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