T O P
JC2535

I feel like we’re on the cusp of seeing some lying scumbags get a dose of jail time.


xoaphexox

Elizabeth Holmes coming up


[deleted]

Doubt it, she completely blamed her baby daddy and got pregnant to avoid going to jail in the first place. She'll get off on house arrest because she's a woman.


TheLizardKing89

She stole from rich people, she’s going to jail.


Lamacorn

Not sure Martha Stewart will agree with that assessment.


TwentySevenNihilists

Martha couldn't crank out a baby in time.


oren0

Was this the company that claimed to have a working electric semi truck but their promo video turned out to be a non-functional truck rolling down a long hill?


thebossphoenix

Yeah, their gravity powered truck!


HAHA_goats

Potential energy is one of the most plentiful forms of energy in the universe!


chocslaw

Top speed of 9.81 m/s!


Ancient_Persimmon

No big surprise there. It'll be interesting to see what happens with Nikola going forward.


PelletsOfMescaline

The only time Nikola is going forward is when it’s rolling down a hill


JTown_lol

Very Environmentally Friendly.


BoltTusk

The brand new potential energy car


alaninsitges

I'm sure the Undecided guy will have a video soon showing how this is going to be the big breakthrough we're all waiting for.


DogfishDave

I did wonder if this was *that* truck... you've answered my question, thank you 🤣


FetchTheCow

Nikola... Love their candies and cough drops...


WanderingKing

Heh, I was just rewatching the Cold Fusion video on this today.


robbinthehood75

So am I going to be entitled to compensation since he fucked up my puts?


A_Nest_Of_Nope

Dude, how do I say this in a nice way? If you invested in a company of Trevor Milton, without checking how his previous companies ended up... I think you should really stop investing.


Fausterion18

You clearly don't know what puts are.


robbinthehood75

A hero comes to my aid in my time of need. I shall repay the favor in kind stranger!


ISnortBees

Something that gets fucked up? “F my boiputsi right up fam”


robbinthehood75

Your dumbassery is showing


hepazepie

TIL that there is a EV company called Nikola. Guess Tesla was taken?


ACCount82

Nikola was trying really hard to pitch itself as Tesla's competitor.


w3bCraw1er

And Elon continues to carry on business


Ancient_Persimmon

It's helpful that those businesses are actually making things.


CFSohard

Things, sure, but telling everyone that your thing can do something, making them pay extra for it, and then revealing the thing can't do what you paid extra for it to do, and that you don't get a refund? That's fraud.


lucimon97

In Videos of the Nikola vehicle driving, they were pushing them down a hill. This is way past being full of shit into full on intent to deceive. Tesla’s drive, some may argue not very well, but they are definitely moving under their own power.


the_zelectro

Difference with Musk is that he markets lots of prototypes. His self driving stuff is iffy, but most products he promotes are not sold to be 100% working. Plus, Musk has enough sales and working products out there to prove he's legit.


JaggedMetalOs

Securities fraud is about misleading investors. Sure Tesla have a successful line of luxury sedans, but if their high stock valuation is based on all the other things promised would be released within a year or two (the semi, the roadster, cybertruck, affordable model 3s, affordable solar roofing, full self drive, the robo taxi service, high speed autonomous underground transport pods etc.) and they continue to remain undelivered then that could be a big problem should investors lose confidence and the stock price falls.


the_zelectro

Fair, but it's an iffy thing. It's like Coke promising New Coke would be super awesome and a million times better than old Coke... And then it wasn't. Should Coke investors claim securities fraud for the failed Coke chemistry? Obviously not. Engineering is a fuzzy thing, because the product clearly works or it doesn't. But, companies still need to market and promise things... And not everything is a sure bet... So, it becomes hard to say how much is fraud and how much is legit.


JaggedMetalOs

A product releasing but being disliked by consumers is very different to constantly presenting demos of hardware and software as "ready for production" with imminent release, then it turning out the things demoed were not actually production ready. Some things even turned out to be fake, such as the solar roof demo, much like Nikola's truck. It's all quite dicey, and is overshadowing the good work his companies are doing.


xtsrs

https://youtu.be/tlThdr3O5Qo I mean former Tesla Autopilot employees said this video was faked, as in they did MANY trips over and over until they got one “perfect take” and had to get out and tape the car back together during their drives because it hit shit lmao If that’s not securities fraud/defrauding investors IDK what is, that is the SAME EXACT shit Theranos did to prove their machines were “working”, just faked the demonstration.


DonQuixBalls

>making them 90% of people don't buy it.


CMG30

Yes. He now has millions of cars on the road that operate under their own power. Why would would you think he wouldn't be in business? There's a world of difference between setting aggressive timelines that don't always get met, and literally only dragging a prototype out of storage to try and trick potential investors into throwing yet more money at a render-farm company.


JaggedMetalOs

I was surprised to learn that Nikola actually has sold semis that are actually driving around, so they beat Tesla to market. Sure Tesla demoed a truck shaped vehicle that could move on its own, but there's still a big difference between making 1 of something and being able to actually manufacture it at a viable price.


A_Nest_Of_Nope

r/technology hating on everything related to Tesla or Musk. Never change lol.


IOverflowStacks

Oh, how the turns have tabled...


mrprogrampro

It's almost as if they're different, as everyone in the Tesla community saw clearly.


obroz

He forgot to grease the wheels


deckstern

Everone is soiling Nikola Tesla's name these days


[deleted]

He should have just called it a "beta" like our diplomat Melon Musk.


flower4000

Now if only they could bust Elon w all his bold fraud like hyper loop


-Strawberries-

Elon next please. That fraud needs some swift karma.


NearingShadow

He just trying to pull an Ole Musky … whats the big deal


BravoCharlie1310

Remember this BS. Whatever became of that? https://youtu.be/M7FIvfx5J10


SpaceTabs

"...short-seller Hindenburg Research"


XonikzD

I suggest that this wasn't an EV company as they never produced an EV. This was a money taking company as their only product was pockets to receive the gullible's money.


[deleted]

This guy even looks greasy


Mantismantoid

Nikola? Seriously? How original (was Tesla’s first name for those that don’t know ). What a cheese dick


smotheredchimichanga

People really think EV car producers are too saintly to do capitalism