Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyphle. I'm Dylan Lewis. And today

we're talking financials. Today we're talking consumer goods.

Wild Cars. Wednesday. And we're talking energy. And today we're talking tech. Let's dive in.

Welcome to Industry Focus. I'm Nick Saipel. On today's episode we'll be breaking down

the Nikola saga from leading the V SPAC boom to making a

blockbuster deal with GM to its founder and chairman Trevor Milton abruptly resigning

in the face of a short seller report that's alleged the company has

misled investors here to help me break it all down as Motley Fool senior

auto analyst John Roosevelt. John, welcome back on the podcast.

Thanks for having me Nick. So you know you heard my intro it's been kind of a crazy story

here with with Nicola Motor just just to kind of go back through the timeline it was

March 2nd that this SPAC deal to bring Nicola public was first announced prior to that deal I don't think

Nicola was on a lot of investors radar. John you're someone who follows this

space what was your perception of Nicola before this back deal came out?

Well I mean we'd hear we'd hear about them every now and then there was the thing they did

last year where one of their prototype trucks towed a beer trailer and then handed it off to smaller electric delivery vans and Anheuser-Bush made a little bit of a splash around that

So they did have at least one truck working so take note of that. We'll come back to that

But but I mean years ago you'd hear about Trevor Nick

Trevor Milton and it seemed almost like he was you know poking fun at Elon Musk a little bit

Obviously the name of the company, but also you know

poking fun at Elon Musk a little bit obviously the name of the company but also you know Elon's famous comment years ago about fuel cells being fool cells and

...