E1112: Emergency Pod! Nikola fraud allegations, Trevor Milton resigns, Jason reflects on Trevor’s answers
This Week in Startups
Jason Calacanis
4.2 • 1.4K Ratings
🗓️ 22 September 2020
⏱️ 51 minutes
🧾️ Download transcript
Summary
Jason on CNBC 9/11/20: https://youtu.be/_FV7g2UJDsw
FOLLOW Jason: https://linktr.ee/calacanis
Referenced in this episode:
Hindenburg Research - Nikola Report:
https://hindenburgresearch.com/nikola
FreightWaves Article:
https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola
Bloomberg Article:
https://www.bloomberg.com/news/articles/2020-09-14/sec-said-to-examine-nikola-over-short-seller-s-fraud-allegations
Nikola Press Release:
https://nikolamotor.com/press_releases/nikola-sets-the-record-straight-on-false-and-misleading-short-seller-report-96
Nikola One Video:
https://youtu.be/IAToxJ9CGb8
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Attention everybody. This is an emergency podcast, an emergency podcast Trevor Milton has left Nicola. |
| 0:08.0 | That's right. You all know that we had Trevor Milton on this week and start us back in July episode |
| 0:14.8 | ten ninety and the company had gone public through a SPAC special purpose |
| 0:19.9 | acquisition corporation that we've been talking about a whole lot here in the Silicon Valley. |
| 0:24.7 | And I went on, after that podcast, I went on CNBC and I said, listen, remember my rule about |
| 0:32.4 | Sunacorns. If a company is valued at over a billion dollars before |
| 0:36.0 | it launches its product then there's a good chance it's either a fraud or it's going |
| 0:41.5 | to zero well here we are. It is September 21st |
| 0:47.4 | when we are taping this Monday and tomorrow we will release this on Tuesday 22nd, that's when you're listening to it. |
| 0:56.2 | Trevor last night, Trevor Milton, the CEO, I'm sorry, the co-founder and the executive chair, he had given up a CEO slot but basically the front man for |
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| 2:11.0 | Per Freight Waves, breaking news on Sunday night Trevor Milton has resigned as the |
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