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>Then there was the crazy claim from Musk that the cars would be appreciating assets because of the software. Meanwhile, Teslas are some of the fastest depreci

>Then there was the crazy claim from Musk that the cars would be appreciating assets because of the software. Meanwhile, Teslas are some of the fastest depreciating cars on the market. And Trevor Milton is going to jail for four years. https://www.cnbc.com/2023/12/18/nikola-founder-trevor-milton-sentencing-fraud-charges.html https://www.cnbc.com/2023/12/18/nikola-founder-trevor-milton...

xedeon 3y ago
What does a new EPA testing methodology going into effect have to do with Nikola again? Comparing Trevor Milton to Elon Musk is also wild. I still vividly remember the Tesla short seller crowd praising Milton as a genius while declaring Elon as a charlatan. > "The entire infotainment system is a HTML 5 super computer," Milton said. "That's the standard language for computer programmers around the world, so using it let's us build our own chips. And HTML 5 is very secure. Every component is linked on the data network, all speaking the same language. It's not a bunch of separate systems that somehow still manage to communicate." - Trevor Milton Source: https://www.truckinginfo.com/330475/whats-behind-the-grille-of-the-new-nikola-hydrogen-electric-truck https://www.truckinginfo.com/330475/whats-behind-the-grille-...
- itsoktocry 3y ago
  >Comparing Trevor Milton to Elon Musk is also wild. Why is it "wild"? Milton is going to prison for, basically, lying about the functionality of their truck. It didn't work like he claimed it did, when he claimed it did. But it's not like they don't have a real truck or a real business; they are testing vehicles right now. Nikola still exists. They have trucks on the road. So why is that such a stretch to compare things he claimed to things Tesla has claimed? You can perhaps argue about the scale or severity of the different claims, but I'd say exaggerated range claims and full-self-driving are also pretty bad: https://www.reuters.com/investigates/special-report/tesla-batteries-range/ https://www.reuters.com/investigates/special-report/tesla-ba...
  - xedeon 3y ago
    Milton was sentenced to jail because he was found guilty of one count of securities fraud and two counts of wire fraud. That's why. Also, from your linked article: "One of the experts, [Gregory Pannone], co-authored a study of 21 different brands of electric vehicles, published in April by SAE International, an engineering organization. The research found that, on average, the cars fell short of their advertised ranges by 12.5% in highway driving. The study did not name the brands tested.." > The study did not name the brands tested.. I was curious why that is. So I did some digging and found this very reassuring info. I'm sure there's no bias right? [Gregory Pannone] -Sr. Engineer General Motors - Engineer/Intern Engineer/Intern BP p.l.c. British multinational oil and gas - FCA Fiat Chrysler Automobiles logo Head of Fuel Economy, Performance, and P/T Synthesis Chrysler LLC https://www.linkedin.com/in/gregory-pannone-3a414610/ https://www.linkedin.com/in/gregory-pannone-3a414610/
    - sokoloff 3y ago
      Was Milton’s securities fraud something like a claim that he had “funding secured” for a private buyout of the company on an official company communication medium when he knew he did not? (That’s something that Musk did.)
    - itsoktocry 3y ago
      >Milton was sentenced to jail because he was found guilty of one count of securities fraud and two counts of wire fraud. That's why. Yes, those were the crimes he was convicted of. What's your point? It's because he lied about the operability of the truck and it cost investors money. >I'm sure there's no bias right? Yes, it's all a big conspiracy. Tesla zealots are so thick.
      - xedeon 3y ago
        > Tesla zealots are so thick. What a very nice and compelling ad hominem argument. It's clear that you're very uninformed. > Yes, it's all a big conspiracy Questioning about a possible bias is conspiracy talk now? What ever happened to healthy discourse? It seems the level of your knowledge does not go beyond the news headlines.
belltaco 3y ago
>Meanwhile, Teslas are some of the fastest depreciating cars on the market Because they dropped the prices of new cars by a lot after supply chain issues resolved, price of lithium and other supplies went down. Why is that a bad thing? Meanwhile Mercedes-Benz CEO said that residual value is more important to them. Musk: "So I just can't emphasize again how important cost is," Musk said. "It's not an optional thing for most people. It is a necessary thing. We have to make our cars more affordable so that people can buy them." Why is cheaper EVs a bad thing? Isn't this the exact thing that's making housing super expensive, that rich homeowners are restricting supply so their home(s) keeps appreciating, leading to folks getting squeezed with home costs and rents going up exponentially.
- itsoktocry 3y ago
  >Why is that a bad thing? If you were told by the CEO of the company that your car would appreciate, and instead it depreciated at a rate beyond normal, you don't see an issue with that?

xedeon 3y ago

What does a new EPA testing methodology going into effect have to do with Nikola again? Comparing Trevor Milton to Elon Musk is also wild. I still vividly remember the Tesla short seller crowd praising Milton as a genius while declaring Elon as a charlatan. > "The entire infotainment system is a HTML 5 super computer," Milton said. "That's the standard language for computer programmers around the world, so using it let's us build our own chips. And HTML 5 is very secure. Every component is linked on the data network, all speaking the same language. It's not a bunch of separate systems that somehow still manage to communicate." - Trevor Milton Source: https://www.truckinginfo.com/330475/whats-behind-the-grille-of-the-new-nikola-hydrogen-electric-truck https://www.truckinginfo.com/330475/whats-behind-the-grille-...

itsoktocry 3y ago
>Comparing Trevor Milton to Elon Musk is also wild. Why is it "wild"? Milton is going to prison for, basically, lying about the functionality of their truck. It didn't work like he claimed it did, when he claimed it did. But it's not like they don't have a real truck or a real business; they are testing vehicles right now. Nikola still exists. They have trucks on the road. So why is that such a stretch to compare things he claimed to things Tesla has claimed? You can perhaps argue about the scale or severity of the different claims, but I'd say exaggerated range claims and full-self-driving are also pretty bad: https://www.reuters.com/investigates/special-report/tesla-batteries-range/ https://www.reuters.com/investigates/special-report/tesla-ba...
- xedeon 3y ago
  Milton was sentenced to jail because he was found guilty of one count of securities fraud and two counts of wire fraud. That's why. Also, from your linked article: "One of the experts, [Gregory Pannone], co-authored a study of 21 different brands of electric vehicles, published in April by SAE International, an engineering organization. The research found that, on average, the cars fell short of their advertised ranges by 12.5% in highway driving. The study did not name the brands tested.." > The study did not name the brands tested.. I was curious why that is. So I did some digging and found this very reassuring info. I'm sure there's no bias right? [Gregory Pannone] -Sr. Engineer General Motors - Engineer/Intern Engineer/Intern BP p.l.c. British multinational oil and gas - FCA Fiat Chrysler Automobiles logo Head of Fuel Economy, Performance, and P/T Synthesis Chrysler LLC https://www.linkedin.com/in/gregory-pannone-3a414610/ https://www.linkedin.com/in/gregory-pannone-3a414610/
  - sokoloff 3y ago
    Was Milton’s securities fraud something like a claim that he had “funding secured” for a private buyout of the company on an official company communication medium when he knew he did not? (That’s something that Musk did.)
  - itsoktocry 3y ago
    >Milton was sentenced to jail because he was found guilty of one count of securities fraud and two counts of wire fraud. That's why. Yes, those were the crimes he was convicted of. What's your point? It's because he lied about the operability of the truck and it cost investors money. >I'm sure there's no bias right? Yes, it's all a big conspiracy. Tesla zealots are so thick.
    - xedeon 3y ago
      > Tesla zealots are so thick. What a very nice and compelling ad hominem argument. It's clear that you're very uninformed. > Yes, it's all a big conspiracy Questioning about a possible bias is conspiracy talk now? What ever happened to healthy discourse? It seems the level of your knowledge does not go beyond the news headlines.

belltaco 3y ago

>Meanwhile, Teslas are some of the fastest depreciating cars on the market Because they dropped the prices of new cars by a lot after supply chain issues resolved, price of lithium and other supplies went down. Why is that a bad thing? Meanwhile Mercedes-Benz CEO said that residual value is more important to them. Musk: "So I just can't emphasize again how important cost is," Musk said. "It's not an optional thing for most people. It is a necessary thing. We have to make our cars more affordable so that people can buy them." Why is cheaper EVs a bad thing? Isn't this the exact thing that's making housing super expensive, that rich homeowners are restricting supply so their home(s) keeps appreciating, leading to folks getting squeezed with home costs and rents going up exponentially.

itsoktocry 3y ago
>Why is that a bad thing? If you were told by the CEO of the company that your car would appreciate, and instead it depreciated at a rate beyond normal, you don't see an issue with that?