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People are still shitting on Nikola for Trevor Milton's fraud, but he has been gone for two years, and the people who took over have turned Nikola into a legiti
by somewhat_drunk 4y ago
People are still shitting on Nikola for Trevor Milton's fraud, but he has been gone for two years, and the people who took over have turned Nikola into a legitimate business. They created a reasonable plan, executed as planned, and are now selling trucks as quickly as they can manufacture them. Their partner - IVECO - is a multinational, well respected truck manufacturer based in Italy with sales throughout Europe, which is exactly the kind of partnership they need at this point in their growth curve.
- panick21_ 4y agoThey have large amounts of money they got from fraud and that allowed them to survive for long enough. But they have no competitive advantage they just have a contract manufacture who set up a low volume production line for them.