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Nikola Motors… Where do we even begin?
The electric-car maker that was once worth $10 billion has been a hot topic on Wall Street for weeks — and not for a good reason…
Shares of Nikola Motors plummeted more than 30% Monday morning, after accusations of fraud were thrown at the company for more than a week…
However, the company made a shocking move Monday, and it begs the question… are these “fraud” claims as false as Nikola Motors wants you to believe?
Nikola Motors: The End of an Era
The Nikola Motors saga continues in a (un)surprising turn of events: CEO Trevor Milton resigned Sunday night.
I mean really, who didn’t see this coming?
This is the same company that has been throwing out ideas of zero-emissions cars and “plans” to produce them since 2016… And the only things Nikola Motors has to show for it in 2020 are no cars and the $36,000 in revenue that came from the CEO installing solar panels he bought himself.
This is also coming a week after an investigation was launched into whether the company committed fraud. This all revolves around a Nikola Motors commercial showing one of its self-driving trucks “driving” itself… when in fact it was being pushed down a hill to make it look like the truck was working.
And that’s not even the worst of what the company has been up to…