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Nikola-fraud charges again.
Quote:
Originally Posted by FakeNameChanged
The market just loves frauds(NOT). You have to wonder about GM's management team hitching their wagon to the "clown rodeo" known as Nikola. That was a quote from Timothy O'Brien at Bloomberg.
Mary Barra when asked about doing their due diligence on Nikola, said they did "appropriate diligence", I guess that's CEO talk for half-assed diligence. This is a frkn joke for a top exec to make this call. I'll eat my words when their first semi's are rolling off the production lines in big numbers; and the hydrogen infra-structure is set up to fuel them.
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It's been reported that NKLA's founder lied about having a fully working prototype to his electric semi-truck. There are supposedly other lies involved.
A week after I reported that GM was still hitching their EV wagon to Nikola, they bowed out. Gapped down this morning, and bear engulfing candle yesterday.
https://schrts.co/gBrqIYTk
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One of the downsides of the Internet is that it allows like-minded people to form communities, and sometimes those communities are stupid.
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