Agree. Here is a good video confirming the same. Nikola should trademark this "Just park it, let gravity does the rest". Image: Huddster2
Looks like somebody out there is going to keep trying to buy it. Held above $30 for the close because... reasons?
So essentially, if and when a Nikola truck is produced; it will really be just a GM with a Nikola logo.
Weeeeeeeeeeeeeeeeeeeeeeeeeeeee https://www.cnn.com/2020/09/21/investing/nikola-trevor-milton/index.html
Trevor Milton sold his stake in Nikola. [Edit: reported by Yahoo Finance but I can't find a corroborating report.]
It doesn’t matter who the CEO is, Nikola has literally no product. Rumors that Trevor was arrested by DOJ at Phoenix airport a little while ago. RIP
I saw a video showing some filings saying trever, bosch and a few other parties of interest are locked up from selling shares until sometime in December. Idk though. Im just watching this tire fire from a distance.
I found a few reports of Milton's arrest. They seemed to start 4 hours ago. Two hours ago, StreetInsider reported specifically that he has not been arrested. https://www.streetinsider.com/Rumors/Nikola+(NKLA)+Founder+Trevor+Milton+Has+Not+Been+Arrested+-+Yahoo/17378207.html I'm skeptical on the arrest. I'm not fully convinced he sold his stake, either, but that rumour seems more plausible. Personally, I think he should get the chair. That judgement isn't based on his fraudulent corporate charlatanism but on his personality.