Milton continues to laugh all the way to the bank

[sekker]

$49M richer as of Wed, only publicly available 2 days later on a Fri of a holiday weekend.

Nikola is sure a great company and stock to own!

I honestly doubt they will EVER produce a single vehicle they designed.

How his securities are not in escow pending legal investigation of fraud, I have no idea.

https://www.ft.com/content/1989c5f9-eec1...9205c04a3c

[GGD]

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Nikola founder sells shares for $49m

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Is there some more context than a headline and your thread subject?

[NewtonMP2100]

......Milton....Bradley....???

[sekker]

Apologies, I guess I connected vis google news.

Milton is being investigated as having lied throughout that Nikola would be making new EV trucks etc.

And yet, he was allowed to sell another $49M of his shares.

Just a conman all around.

Ugh.

[Thrift Store Scott]

The company in question's website- https://nikolamotor.com

[richorlin]

Thrift Store Scott wrote:
The company in question's website- https://nikolamotor.com

Well, they must have built at least two truck bodies to get those videos. Perhaps they were just gas-powered engines with a Nikola shell.
You would think there would be at least several people aware of that. Milton didn't build them himself in his backyard.

[sekker]

They’ve been caught showing videos of non-powered trucks moving ‘on their own’ by going down a gentle slope.

Very trustworthy company.