# Nikola Motors endeavoring to rehabilitate its reputation **URL:** \ **Category:** The Happening World\ **Created:** [29 November 2021 19:03 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471 "2021-11-29T19:03:19Z")\ **Posts on this page:** 16\ **Page:** 1
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [29 November 2021 19:03 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/1 "2021-11-29T19:03:19Z")
Brings in Sandy Munro to take a look at its hydrogen fuel cell semi: [![](https://scanalyst.fourmilab.ch/uploads/default/original/2X/c/c06ad67d44e05d94024a67fb325321d1802048da.jpeg "Nikola Series - Ep. 1: Introduction & The FCEV Alpha") ](https://www.youtube.com/watch?v=ONICQ9Xcaug) ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [24 June 2023 19:47 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/2 "2023-06-24T19:47:56Z")
[https://electrek.co/2023/06/23/multiple-nikola-electric-semitrucks-caught-on-fire-company-claims-foul-play/](https://electrek.co/2023/06/23/multiple-nikola-electric-semitrucks-caught-on-fire-company-claims-foul-play/) ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [9 August 2023 22:22 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/3 "2023-08-09T22:22:36Z")
huh? > **[Is It Too Late to Buy Nikola Corporation Stock?](https://finance.yahoo.com/m/1e33cf4c-fd63-303c-89dc-570cc7b01c06/is-it-too-late-to-buy-nikola.html)** > > Nikola's (NASDAQ: NKLA) stock plunged 26% on Aug. 4 after the electric and hydrogen semi truck maker posted its second-quarter earnings report. During the quarter, Nikola produced 33 battery-powered electric trucks (BEVs) and shipped 45 BEVs,... ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [19 December 2023 02:17 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/4 "2023-12-19T02:17:29Z")
> **[Nikola: Trevor Milton sentenced to prison after fraud conviction](https://www.bbc.com/news/business-67752125)** > > His claims had helped pump up the company, which saw its shares soar during the pandemic. ---
**Author:** ![ra\_montesano](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ra_montesano/32/117_2.png) [@ra\_montesano](https://scanalyst.fourmilab.ch/u/ra_montesano)\ **Post date:** [19 December 2023 12:11 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/5 "2023-12-19T12:11:45Z")
Markets of cars, and ideas are _consolidating_ (to use a JP Morgan era term). ---
**Author:** ![ra\_montesano](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ra_montesano/32/117_2.png) [@ra\_montesano](https://scanalyst.fourmilab.ch/u/ra_montesano)\ **Post date:** [19 December 2023 14:27 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/6 "2023-12-19T14:27:03Z")
And others in EV industry are getting along swimmingly > **[Elon Musk Will Offer New "Mod Package" For Amphibious Cybertruck](https://www.zerohedge.com/technology/elon-musk-will-offer-new-mod-package-amphibious-cybertruck)** > > "Mostly just need to upgrade cabin door seals."  ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [20 February 2025 16:16 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/7 "2025-02-20T16:16:32Z")
> **[EV Truck Startup Nikola Files for Bankruptcy - Hagerty Media](https://www.hagerty.com/media/news/nikola-files-for-bankruptcy/)** > > Electric and hydrogen-powered truck manufacturer Nikola has filed for bankrutpcy after spending years in dire financial straits. h/t @1967mustangman ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [29 March 2025 10:52 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/8 "2025-03-29T10:52:02Z")
This pardon was not deserved and essentially everything Trump has said about it is wrong. > **[Trump pardons Trevor Milton, who was accused of fraud related to bankrupt...](https://amp.cnn.com/cnn/2025/03/28/politics/trump-pardon-trevor-milton-nikola)** > > President Donald Trump says he pardoned Trevor Milton, the CEO of now-defunct hydrogen and electric truck firm Nikola, in part because he believed Milton was persecuted for supporting Trump’s political ambitions. People who date back to Ratburger will recall that I immediately declared something wrong with Nikola Motors when it filed a ridiculous lawsuit against Tesla. The true nature of its frauds came out later. ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [29 March 2025 13:49 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/9 "2025-03-29T13:49:16Z")
[![](https://scanalyst.fourmilab.ch/uploads/default/original/3X/d/5/d57c86862221b0f707a60b9ac62f7c6bb314d5b2.jpeg "Dark Elon Mode Just Activated / xAI Buys X / Trevor Milton's Disgusting Pardon ⚡️") ](https://www.youtube.com/watch?v=E05myYFRoIM&t=250) > Trump just said Trevor Milton did nothing wrong and is a good person > > THIS IS INSANE > > Is engaging in securities and wire fraud now "nothing"? > > Trevor Milton belongs IN PRISON for misleading investors continuously. What a joke [pic.twitter.com/5jV1c9ulC5](https://t.co/5jV1c9ulC5) > > — Dillon Loomis (@DillonLoomis22) [March 28, 2025](https://twitter.com/DillonLoomis22/status/1905693966676402502?ref_src=twsrc%5Etfw) ---
**Author:** ![drlorentz](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/drlorentz/32/902_2.png) [@drlorentz](https://scanalyst.fourmilab.ch/u/drlorentz)\ **Post date:** [29 March 2025 14:26 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/10 "2025-03-29T14:26:12Z")
Is the change of venue from Utah to the notorious Southern District of New York suspicious at all? ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [29 March 2025 14:47 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/11 "2025-03-29T14:47:33Z")
Not for a securities case. Due to the location of stock exchanges in NYC, venue is typically proper there. In these cases, there was no change of venue (transfer of a case originally filed in UT). Milton failed to get transfer to UT in both cases. Given my recollection that Nikola’s management looked like a BYU business school alumni association meeting, transfer to UT would have been absurd. > [12. Venue is proper in this District pursuant to Section 20 of the Securities Act [15 U.S.C. § 77t] and Section 27 of the Exchange Act [15 U.S.C. § 78aa]. Milton transacted business in this District, and certain of the acts, practices, transactions, and courses of business constituting violations of the securities laws alleged in this Complaint occurred within this District. Milton regularly communicated via multiple online platforms with users located in this District. Investors who bought Nikola stock, and were harmed by the conduct alleged herein, reside in this District. Nikola is traded on the Nasdaq, which is headquartered in this District. Trades in Nikola securities were handled and executed by trading personnel located in this District during the relevant period. Nikola’s corporate predecessor, VectoIQ Acquisition Corp., with which Nikola merged to become a public company, was also headquartered in this District.](https://storage.courtlistener.com/recap/gov.uscourts.nysd.564121/gov.uscourts.nysd.564121.1.0.pdf) [https://www.courtlistener.com/docket/60092619/united-states-securities-and-exchange-commission-v-milton/](https://www.courtlistener.com/docket/60092619/united-states-securities-and-exchange-commission-v-milton/) > [The Government respectfully submits this memorandum in opposition to defendant Trevor Milton’s motion to dismiss the charges against him for lack of venue or, in the alternative, to transfer venue to either the District of Arizona or the District of Utah, where the defendant owns houses. (Dkt. No. 11 (“Def.’s Mot.”).) Both requests are without merit. First, the Indictment alleges venue in the Southern District of New York, which alone defeats the motion to dismiss. Second, Milton offers no factors sufficient to justify a departure from the general rule that a criminal prosecution should be retained in the original district where the case was charged, as he must to succeed in a motion to transfer venue. To the contrary, Milton—whose scheme defrauded investors nationwide—will receive a fair, efficient, and convenient trial in New York City. His motion should be denied.](https://storage.courtlistener.com/recap/gov.uscourts.nysd.564175/gov.uscourts.nysd.564175.15.0.pdf) [https://www.courtlistener.com/docket/60094811/united-states-v-milton/](https://www.courtlistener.com/docket/60094811/united-states-v-milton/) ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [29 March 2025 15:02 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/12 "2025-03-29T15:02:21Z")
> **[Trump Pardons Musk Rival Represented by AG Pam Bondi’s Brother](https://www.thedailybeast.com/trump-pardons-auto-exec-who-donated-18-million-to-his-campaign/)** > > “I was issued a full and unconditional pardon by @realDonaldTrump himself. He called me personally to tell me,” Nikola founder Trevor Milton wrote on X. ---
**Author:** ![Gavin](https://scanalyst.fourmilab.ch/letter_avatar_proxy/v4/letter/g/439d5e/32.png) [@Gavin](https://scanalyst.fourmilab.ch/u/Gavin)\ **Post date:** [29 March 2025 17:20 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/13 "2025-03-29T17:20:29Z")
That was going well until they mentioned “_a fair, efficient, and convenient trial in New York City_”. 😀 ---
**Author:** ![Mettelus](https://scanalyst.fourmilab.ch/letter_avatar_proxy/v4/letter/m/a587f6/32.png) [@Mettelus](https://scanalyst.fourmilab.ch/u/Mettelus)\ **Post date:** [3 April 2025 11:37 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/14 "2025-04-03T11:37:51Z")
Imagine that. I didn’t dig back into it because I agree with you that this was an obvious fraud. This sits up there with the meme coin frauds Trump and family have been pushing as well as the general crypto pump. ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [12 April 2025 21:08 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/15 "2025-04-12T21:08:02Z")
Factory bought by Lucid. Both are located between Phoenix and Tucson: > **[Before you continue to Google Maps](https://maps.app.goo.gl/TiS9GmTw15tEc9fc8)** > **[Lucid Motors wins bankruptcy auction for Nikola's Arizona factory and other...](https://techcrunch.com/2025/04/10/lucid-motors-wins-bankruptcy-auction-for-nikolas-arizona-factory-and-other-assets/)** > > EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola's Arizona factory and other [Lucid is controlled by the Saudi PIF](https://en.wikipedia.org/wiki/Lucid_Motors#Saudi_Arabia_investment). The PIF may have competed their involvement in the infamous effort to take Tesla private against Lucid, leading to their 2018 Lucid investment]([Saudi investment fund invests $1 billion in Tesla rival Lucid Motors in blow to Elon Musk - CBS News](https://www.cbsnews.com/news/saudi-investment-fund-invests-1-billion-in-tesla-rival/)): > Elon Musk’s rocky patch isn’t getting any smoother. Only weeks after the Tesla founder and CEO proclaimed he would take his company private with the help of Saudi Arabia’s sovereign wealth fund, the kingdom says it’s investing $1 billion in another U.S. electric car maker. ---
**Author:** ![CTLaw](https://scanalyst.fourmilab.ch/user_avatar/scanalyst.fourmilab.ch/ctlaw/32/42_2.png) [@CTLaw](https://scanalyst.fourmilab.ch/u/CTLaw)\ **Post date:** [21 March 2026 12:32 UTC](https://scanalyst.fourmilab.ch/t/nikola-motors-endeavoring-to-rehabilitate-its-reputation/471/16 "2026-03-21T12:32:13Z")
Some background: [![](https://img.youtube.com/vi/dphJ0cqbp1k/maxresdefault.jpg "Nikola Was Hiding Something Big All Along") ](https://www.youtube.com/watch?v=dphJ0cqbp1k&t=1053)