So testified the company’s current CEO, Mark Russell. Nikola was the Tesla of electric trucks except for one thing. The trucks never worked. Mr. Milton built a multi-billion dollar company out of, well, absolutely nothing.
The videos Mr. Trevor showed to investor of a fast-moving truck actually depicted a truck being sent down a hill. Film editing magic made it look like it was a truck speeding along I-10 on Texas flat lands.
The question thus remains, “How come the CEO didn’t say anything?” Could he have mentioned that the video was a fraud? We (and the markets) would have been intrigued. Instead all we got. even under oath, was that the founder “was prone to exaggeration.” The founder was prone to high-tech fabrication, aka fraud. He’s on trial for that now.
The amazing thing is a conga line of witnesses from the company are all saying the same thing under oath, “There was no electric truck that worked.” Would have been nice if they had spoken up before the video aired.