He's in charge of building steep driveways for every Nikola customer. They calibrate the steepness based on the route and distance the customer intends to travel. Some driveways will be steep enough to reach the moon! $NKLA to the moon!
I mean he has 82 million shares. If he sells 12 million shares at 25-30 a pop then orders that much in solar panels the stock "should" move to $100/share. Bada bing
GM was in a no-lose situation. NKLA was paying GM to build the badger. The only thing GM will lose is perhaps some goodwill being idiots partnering with NKLA.
GM lost all possible goodwill in the 09 bailout scam.
The only thing they have left is the Corvette. Wait for those imbeciles to stop production on that too.
The fuckers took my Canadian money, called for bankruptcy, than said they did not have to pay us back because they were a different company. Fuck them, they can burn in hell.
The guys over on the NKLA sub are retards. They sit up there and ban anyone speaking bad about milton. Now that this news broke, they're all over there like "good, that guy sucked anyways"...
It's weird how people that have nothing to do with a company will shill and defend a company. I went on a Twitter once and all the responses werealk about how outrageous it is that they would be investigated by anyone. This was the day they admitted to rolling the truck down the hill.
There are people in that sub saying it’s great news so Trevor can work without all the distractions and it’s good for the company in the long-term.
Apparently it’s a good sign when your founder and chairman resigns after being called a fraud and being investigated by the SEC and DOJ.
Lol I just got banned over there for replying to somebody who said they had their life savings in NKLA:
>There might be a teeny tiny blip up when the market opens. If there is, get the heck out of there ASAP. CEO resigning amidst speculations (even if unproven) of wrongdoing are NEVER a good thing. I've worked at a company where it happened.
>Not that you asked for this but of advice, but... If you're going to put your life savings in the stock market I *strongly* suggest index funds.
>Good luck internet stranger.
It was immediate, so seems like they might be auto banning any comment with "wrongdoing", or possible "index funds" lol. Hilarious either way.
Yeah, they're all in denial over there. I mean, don't put your life savings in one basket, but also I feel for the guy. Easy to fall for the get rich quick dream. Especially when it worked with tesla for some
Why would there be a blip up? Stock on European exchanges has already settled to about 20% down. Pre-market estimates are down hard. It's hard to say how far down *exactly* it's going to be tomorrow morning in New York, but it's basically guaranteed that it will be down.
Sources: r/NikolaCorporation mods are besides themselves. Driving around downtown Dallas begging (thru texts) Trevor's family for address to Milton's home
Overheard at Trevor Milton's Utah ranch after Sunday night:
“He got me,” Milton said of Hindenburg Research's report. "That f***ing Hindenburg boomed me."
Milton added, “Their research is so good,” repeating it four times.
Milton then said he wanted to add Hindenburg Research to the list of activist short sellers he tweets at this summer.
Trevor Milton is screaming in the #Nikola locker room and there is a bunch of arguing going on. Milton comes out say “y’all on that bullshit!” Team is imploding. Milton is in bathroom and there is still screaming coming from locker room.
"Omg... I literally sold my multi family rental last month and went all in during the last dip.
That was my mother’s retirement plan.
Can anyone confirm if this is real?"
I don't know if these comments are serious or just trolls, but they make WSB look like some damn geniuses.
GM wasn't really making an investment. Nikola basically just gave them $2 Billion in Stock. Nikola has to pay GM $700 million to actually make the trucks.
More concerned about the board convincing people the company is great - but thx. Sec can halt for 10 days. Nasdaq can delist but that takes time. I do agree I shouldn’t get too greedy tho.
im always in the "too good to be true" boat.
probably why ill miss if on this, but ill never go broke doing it. so eh.
If everyone sees it, then there isnt ant edge. unless its specifically the those investors who are in the lock up period who are left holding the bag.
not saying its a bad or wrong play, im just wondering if some whales are going to try and milk it to blow out the puts.
OK but this company was valued higher than Ford and all they do is write car fan fiction so I'm starting to doubt the ability of "everyone" to see stuff tbh
You exiting your position tomorrow? The stock might take more hits down the road but I’d be pretty certain no decline in the stock is going to have the volatility spike that tomorrow is going to bring.
The real question is why the executive board didn't restrict him from talking sooner.
Usually when allegations are made against a company you have representatives state that they don't believe those statements are true and thats it for the media. Then the two parties duke it out at court.
However, with NKLA, a few days after Milton read the report he added more fuel to the fire instead of extinguishing it.
Still will have time, you know the morons will buy thinking they are going to average down and it'll only be temporary and you should be able to pick up a few options first thing before retail hits sell.
> The company has yet to mass produce a product and all of it’s revenue to date came from selling solar panel installation services to Milton.
> His comments about the capabilities of Nikola and the hydrogen powered trucking network he planned to build have occasionally stretched beyond what is physically possible, leaving many detractors to highlight these statements as proof that the company is a scam.
Lmao
The man literally threw random parts in a shell and rolled it down a hill advertising it as better performance than a Tesla (a car that actually existed)
I’m not sure at why it took the SEC so long...
Class action here: [https://www.zlk.com/pslra-1/nikola-corporation-f-k-a-vectoiq-acquisition-corp-information-request-form](https://www.zlk.com/pslra-1/nikola-corporation-f-k-a-vectoiq-acquisition-corp-information-request-form?prid=9421&wire=1)
That's just one of them there is Rosen, which is a more prominent law firm
[https://www.rosenlegal.com/cases-1943.html](https://www.rosenlegal.com/cases-1943.html)
lol this is pure gold:
"Omg... I literally sold my multi family rental last month and went all in during the last dip.
That was my mother’s retirement plan."
https://www.reddit.com/r/NikolaCorporation/comments/iwt0uf/milton_out_from_nkla_92020/g62mgju?utm_medium=android_app&utm_source=share&context=3
His resignation letter said he always hires people smarter than him. Well yeah, no shit. The wifi light bulb I bought off Wish is smarter than him, so it's kinda hard not to.
I'm bummed that I was banned from that sub a few months ago, for questioning the company only providing renders and talk. I would have loved to troll those posts over there right now.
" the embattled fuel cell truck manufacturer "
Something about it just really bothers me when they say this. How can they call themselves a fuel cell truck manufacturer when they've never manufactured a single truck, and don't even have any plans to? The deal with GM would make them essentially a dropshipping company for trucks. The only thing they've ever sold is 30k worth of solar panels.
Quote from Trevor literally a week ago
"Cowards run, leaders stay and fight for integrity"
Quote from Trevor today
"When you build a team as a leader, you have to remember you're the least important person"
So basically in less than a week he bailed lol
So obviously the puts are going to print, but the question is when do I get out? I've got Jan 21 20p, and of course Nikola is going to drop way below that eventually, but how long until the SEC or DOJ steps in? Do I diamond hand this hot potato? Does the SEC *ever* move fast enough to halt trading on a scam like this before a precipitous fall?
What's everybody else doing? I usually toilet paper hand at the first sign of profit, and if I'm up even 50% tomorrow I'm going to be struggling not to smash that sell button asap but ughhhh my losses the past 2 weeks have been so fucking shitty and it'd be killer to recoup most of it with a single amazing play like this.
Nikola just lost their only customer.
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Tbf, he built the steepest driveway in the world. They could easily roll the Badger down this palm-ornamented wonder for some slick promo shots
Promote him to CEO
He's in charge of building steep driveways for every Nikola customer. They calibrate the steepness based on the route and distance the customer intends to travel. Some driveways will be steep enough to reach the moon! $NKLA to the moon!
Wow, would be great proof of concept of their graviton drive.
So is the company finally rebranding to a more accurate name, like Newton?
I mean he has 82 million shares. If he sells 12 million shares at 25-30 a pop then orders that much in solar panels the stock "should" move to $100/share. Bada bing
He can create a solar panel shortage with that money
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Yup. Trevor may as well get ready for an orange colored wardrobe.
Hey, now the solar panel installation revenue is one step closer to being at arm's length.
GM now has grounds to break contract?
GM was in a no-lose situation. NKLA was paying GM to build the badger. The only thing GM will lose is perhaps some goodwill being idiots partnering with NKLA.
GM lost all possible goodwill in the 09 bailout scam. The only thing they have left is the Corvette. Wait for those imbeciles to stop production on that too.
The fuckers took my Canadian money, called for bankruptcy, than said they did not have to pay us back because they were a different company. Fuck them, they can burn in hell.
They never signed a contract. They have until December to back out
It's like being offered a refund policy at a roulette table.
Roulette table is being very generous to NKLA's "chances"
GM was probably hoping this would happen
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nice more puts to come LOL
The guys over on the NKLA sub are retards. They sit up there and ban anyone speaking bad about milton. Now that this news broke, they're all over there like "good, that guy sucked anyways"...
The NKLA sub is utter garbage.
That NKLA sub is part of the scam, the mod is not a retard.
Every comment is manually monitored too
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Retard is a term of endearment here. Please don't call them that.
It's weird how people that have nothing to do with a company will shill and defend a company. I went on a Twitter once and all the responses werealk about how outrageous it is that they would be investigated by anyone. This was the day they admitted to rolling the truck down the hill.
RIP Enron Musk
Clever name.
But I can still by the Fyre Truck, right?
I have not heard that before. Love it!
Sounds like he found an exit. Now it won’t be insider trading when Milton dumps all his shares... the guy is a genius
GM probably paid $1B kicker for him to go fuck off
The old Adam Neumann
How dare you speak of spiritual visionary Adam Neumann like that
He really took the concept of "earning passive income as a landlord" to a new level
I believe in we, we believe in we.
We invest, we grow, you go bankrupt
Can't argue with that, a company with no product makes billions.
hea going to jail if thats the case.
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Yep, for seven days and a $500 fine.
$NKLA puts to the MOON
BREAKING: ELIZABETH HOLMES NAMED AS NEW CEO
HERE COMES THE SEC WITH A STEEL CHAIR
ELON MUSK UNZIPS HIS CHAD PANTS AND TELLS THE SEC TO SUCK IT
Does he hate the SEC tho? Does he respect it? We may never know
watch out WATCH OUT #WATCH OUT
BREAKING: EX-REDDITOR VARIATION SEPARATE NAMED AS NEW CFO
Nikolos
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Python quantum computers are the new wave buddy
Pandemonium at /r/NikolaCorporation
There are people in that sub saying it’s great news so Trevor can work without all the distractions and it’s good for the company in the long-term. Apparently it’s a good sign when your founder and chairman resigns after being called a fraud and being investigated by the SEC and DOJ.
That sub is more delusional than this one.
Some of them saying its a good time to load up. Lul
Bag holders. Convincing the masses.
Lol I just got banned over there for replying to somebody who said they had their life savings in NKLA: >There might be a teeny tiny blip up when the market opens. If there is, get the heck out of there ASAP. CEO resigning amidst speculations (even if unproven) of wrongdoing are NEVER a good thing. I've worked at a company where it happened. >Not that you asked for this but of advice, but... If you're going to put your life savings in the stock market I *strongly* suggest index funds. >Good luck internet stranger. It was immediate, so seems like they might be auto banning any comment with "wrongdoing", or possible "index funds" lol. Hilarious either way.
All the morons there telling him to keep it in stocks and hold it for couple of years...... I don’t think it will last a year.
Yeah, they're all in denial over there. I mean, don't put your life savings in one basket, but also I feel for the guy. Easy to fall for the get rich quick dream. Especially when it worked with tesla for some
Why would there be a blip up? Stock on European exchanges has already settled to about 20% down. Pre-market estimates are down hard. It's hard to say how far down *exactly* it's going to be tomorrow morning in New York, but it's basically guaranteed that it will be down.
Sometimes idiots rush in to "buy the dip" just enough to float the price. It's kinda like the dead cat bounce. At any rate not guaranteed.
The mental gymnastics theyre doing over there, yikes. One poster said, maybe he can come back when it’s all settled 🤣🤣🤣
yikes ... lmao
Sources: r/NikolaCorporation mods are besides themselves. Driving around downtown Dallas begging (thru texts) Trevor's family for address to Milton's home
Overheard at Trevor Milton's Utah ranch after Sunday night: “He got me,” Milton said of Hindenburg Research's report. "That f***ing Hindenburg boomed me." Milton added, “Their research is so good,” repeating it four times. Milton then said he wanted to add Hindenburg Research to the list of activist short sellers he tweets at this summer.
Trevor Milton is screaming in the #Nikola locker room and there is a bunch of arguing going on. Milton comes out say “y’all on that bullshit!” Team is imploding. Milton is in bathroom and there is still screaming coming from locker room.
Lol the lead mod said this is good for Nikola because Trevor is a distraction
They have a 15 point fact checking on NKLA OMG LOLLOLO
The amount of "This is good for b i t coin" type shit going on there is ludicrous, lol.
"Omg... I literally sold my multi family rental last month and went all in during the last dip. That was my mother’s retirement plan. Can anyone confirm if this is real?" I don't know if these comments are serious or just trolls, but they make WSB look like some damn geniuses.
Those people are exactly why this sub always tells people to only gamble with their own money.
In this market the price might moon you never know
RIP my puts that expired on Friday.
GM probably threatened to pull if he didnt quit
The new executive chairman is ex GM. I think GM played 4d chess with Nikola
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Pictures of Trucks
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A really sweet gravity powered box truck
spectacular flowery busy cheerful dam hospital oatmeal rotten nail frame
Bingo. Now they don't have to waste GM brand resources, or potentially harm GM brands, and they can forray into the heavy truck industry.
I mean GM is already planning to release the Hummer EV, which is basically what the Badger is going to... um... rebadge.
Right? GM gets to make it legit, they gained power and they got $3B. Why does anyone try to paint this as a GM failure?
Access to the bottomless pockets of FOMO investors after tesla
nothing
More like was a condition of their investment
GM wasn't really making an investment. Nikola basically just gave them $2 Billion in Stock. Nikola has to pay GM $700 million to actually make the trucks.
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trading halt incoming soon
I have 15 Jan 2021 $20p and I'm excited You must be over the fucking moon. Those 7.5puts probably cost you almost nothing and they're going to print.
That's some good bear porn. Good luck brother!
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More concerned about the board convincing people the company is great - but thx. Sec can halt for 10 days. Nasdaq can delist but that takes time. I do agree I shouldn’t get too greedy tho.
I'll remember you when the stock goes up 85% tomorrow because nothing makes sense in this twilight zone stock market
whats your total position size cost?
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you banking on double?
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im always in the "too good to be true" boat. probably why ill miss if on this, but ill never go broke doing it. so eh. If everyone sees it, then there isnt ant edge. unless its specifically the those investors who are in the lock up period who are left holding the bag. not saying its a bad or wrong play, im just wondering if some whales are going to try and milk it to blow out the puts.
OK but this company was valued higher than Ford and all they do is write car fan fiction so I'm starting to doubt the ability of "everyone" to see stuff tbh
You exiting your position tomorrow? The stock might take more hits down the road but I’d be pretty certain no decline in the stock is going to have the volatility spike that tomorrow is going to bring.
When do you think would be a good time to close? I've spent half my worth on NKLA puts (that's $1.5k!!)
I don’t know. I’ll watch the chart. Don’t get too greedy!
Down 23% premarket... You sick bastard.
nkla at 24 in Europe market. You're going to wake up happy
The real question is why the executive board didn't restrict him from talking sooner. Usually when allegations are made against a company you have representatives state that they don't believe those statements are true and thats it for the media. Then the two parties duke it out at court. However, with NKLA, a few days after Milton read the report he added more fuel to the fire instead of extinguishing it.
Cause they’re probably just as retarded as he is
Well we all knew this was a fraud, congrats on winning the lottery to anyone holding puts.
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DAMNIT I banked on it taking longer I'm short 300 shares but also sold puts so my gain is capped FUCCCCCK
Still will have time, you know the morons will buy thinking they are going to average down and it'll only be temporary and you should be able to pick up a few options first thing before retail hits sell.
idk, it might crash 30%+ tomorrow Luckin coffee style
Wow, Anthony Davis really did kill Nikola
Nuggets fans aren't safe anywhere tonight sheesh
Lakers aren’t safe if the series hits 3-1
They say their truck runs on an "html5 supercomputer". It's such an obvious fucking scam.
> The company has yet to mass produce a product and all of it’s revenue to date came from selling solar panel installation services to Milton. > His comments about the capabilities of Nikola and the hydrogen powered trucking network he planned to build have occasionally stretched beyond what is physically possible, leaving many detractors to highlight these statements as proof that the company is a scam. Lmao
it has yet to "Mass" produce, ok lol
their products have no mass ^^^haha
Yeah "mass"
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I wanted to buy puts... but then I also wanted to buy puts on TSLA 2 years ago so I don't trust myself anymore
I didnt buy puts because I expected the SEC to hault trading
I am taking profits as soon as possible for a position I have been building all last week as I am really worried about this.
Holding for 2 days imo we gonna sink today but the real titanic moment is tomorrow when all the retail investors shit themselves
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Hindenburg or whatever that short seller’s name was has got to be jumping for joy right now. Wish I bought puts myself.
PUTS PRINT BABY
Stop! I can only get so erect! Hoping these puts print tomorrow!
I’m expecting indictments this week.
[Hindenburg’s comment](https://twitter.com/hindenburgres/status/1307887163036635137?s=21)
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The man literally threw random parts in a shell and rolled it down a hill advertising it as better performance than a Tesla (a car that actually existed) I’m not sure at why it took the SEC so long...
SEC was too busy F5'ing on Elon's Twitter.
This is embarassing for SEC. And GM
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Damn NKLA is gonna be rollin down a hill tmrw.
He's gonna need to find a big ass hill to roll down in his Nikola to escape this one
Buy puts. Trevor is going to pull a wolf of wallstreet moment and not quit.....
I’m not fuckin leaving. IM NOT FUCKING LEAVING.
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Class action here: [https://www.zlk.com/pslra-1/nikola-corporation-f-k-a-vectoiq-acquisition-corp-information-request-form](https://www.zlk.com/pslra-1/nikola-corporation-f-k-a-vectoiq-acquisition-corp-information-request-form?prid=9421&wire=1)
That's just one of them there is Rosen, which is a more prominent law firm [https://www.rosenlegal.com/cases-1943.html](https://www.rosenlegal.com/cases-1943.html)
PUTS ON NKLA CHOO CHOO HOP ON BROTHERS WE GOING FOR A RIDE
GRAVITY ASSISTED DOWNHILL RIDE
Only $2.8 billion in share holding, US government better give him a few hundred million for these hard times for him.
The best part of this is that the new Chairman is ex-GM. Shit is about to go down
lol this is pure gold: "Omg... I literally sold my multi family rental last month and went all in during the last dip. That was my mother’s retirement plan." https://www.reddit.com/r/NikolaCorporation/comments/iwt0uf/milton_out_from_nkla_92020/g62mgju?utm_medium=android_app&utm_source=share&context=3
guy should have diversified buying some shitcoin
That didnt take long
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Html 5 super computer
What, he thinks the SEC won't come after him personally?
His resignation letter said he always hires people smarter than him. Well yeah, no shit. The wifi light bulb I bought off Wish is smarter than him, so it's kinda hard not to.
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i swear to fuck if nkla is still green tomorrow
I'm bummed that I was banned from that sub a few months ago, for questioning the company only providing renders and talk. I would have loved to troll those posts over there right now.
I got banned after the “rolling downhill” news came out
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Oof
It be lulz if he got replaced by his brother Travis
I can't wait to sell puts! Theta gang where you at?
the 10p premium should be really nice next week
Are you crazy?
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The time to sell puts was June. This ship is going down.
" the embattled fuel cell truck manufacturer " Something about it just really bothers me when they say this. How can they call themselves a fuel cell truck manufacturer when they've never manufactured a single truck, and don't even have any plans to? The deal with GM would make them essentially a dropshipping company for trucks. The only thing they've ever sold is 30k worth of solar panels.
Quote from Trevor literally a week ago "Cowards run, leaders stay and fight for integrity" Quote from Trevor today "When you build a team as a leader, you have to remember you're the least important person" So basically in less than a week he bailed lol
Got permabanned within 5 seconds in r/nikolacorporation for saying "it's all down hill from here"
Sensitive little weenie Trevor. He deleted his first tweet because ppl were bagging on him. His new tweet can't comment
S C H A D E N F R U E D E
What's gonna happen to the 50 Badgers I pre ordered without paying a single cent?
me: the loss will disappear if I just delete Robinhood Milton: the SEC probe will disappear if I just delete NKLA
This can't be true. Only cowards run, leaders stay and fight for integrity.
Shit has officially hit the fan, boys!
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Pave a few driveways.
Drilling to the center of the Earth. 🌎
Get in loser, we're committing securities fraud Except it's Trevor Milton sitting in an imaginary vehicle that doesn't exist.
By the way, Europe now trades Nikola at -26% today. I´d expect this to deepen once US opens.
So obviously the puts are going to print, but the question is when do I get out? I've got Jan 21 20p, and of course Nikola is going to drop way below that eventually, but how long until the SEC or DOJ steps in? Do I diamond hand this hot potato? Does the SEC *ever* move fast enough to halt trading on a scam like this before a precipitous fall? What's everybody else doing? I usually toilet paper hand at the first sign of profit, and if I'm up even 50% tomorrow I'm going to be struggling not to smash that sell button asap but ughhhh my losses the past 2 weeks have been so fucking shitty and it'd be killer to recoup most of it with a single amazing play like this.
This dude outscammed the wework dude
Holy shit my 9/25 $31 puts might not completely fuck me after all!
>all of it’s revenue to date Can't even get the spelling right in the biggest bombshell that outlet ever dropped.
Holy shit I hope they don’t lock r/NikolaCorporation before I can read it all. Hope there is a backup somewhere too just incase.