Forum Discussion
Dadoffourgirls
Dec 21, 2021Explorer
time2roll wrote:
WASHINGTON (Reuters) -Nikola Corp has agreed to pay $125 million to settle civil charges that it defrauded investors by misleading them about its products, technical advancements and commercial prospects, the U.S. securities regulator said on Tuesday.
https://finance.yahoo.com/news/nikola-corp-agrees-pay-125
I was surprised to see any actual truck from Nikola. The real feat will be if the FCEV can be a commercial success.
Meanwhile, a Texas company is holding nearly a billion dollars of deposits for something that was promised to be delivered last year or earlier, and it is not considered misleading. They even promised that your vehicle could be an autonomous ride hailing service and pay for your monthly payment for an extra $10k. That does not exist either.
I guess we measure our companies by who the investor was and is.
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