Nikola (not Tesla)

Today, Explained

Vox

News, Daily News, Politics

4.3 • 10.3K Ratings

🗓️ 21 October 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The bombastic founder of an electric truck startup (no, not Elon) has been convicted for his role in his company’s “intricate fraud.” But even without the crimes, getting EVs to market has proven a lot harder than everyone thought. This episode was produced by Amanda Lewellyn, edited by Matt Collette, fact-checked by Laura Bullard with help from Miles Bryan and Haleema Shah, engineered by Paul Robert Mounsey and Efim Shapiro, and hosted by Sean Rameswaram. Transcript at vox.com/todayexplained Support Today, Explained by making a financial contribution to Vox! bit.ly/givepodcasts Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	You've heard of Tesla, but how about Nikola?
0:03.7	Turns out there's not one but two electric car companies named after the legendary inventor
0:09.9	and the founder of the other one just got convicted of fraud.
0:13.6	Trevor Milton, the 40 year old founder of electric truck manufacturer Nikola, convicted by a federal
0:19.4	jury Friday of one count of securities fraud and two counts of wire fraud.
0:25.0	I know this is confusing because the Tesla guy is also a borderline committing fraud online
0:28.8	all the time.
0:29.8	The top priority I would have is eliminating the spam and scambots and the bot armies that
0:37.8	are in Twitter.
0:39.1	But stick with me here, the founder of Nikola was just convicted by a federal jury of fraud
0:44.6	bragging about technology he didn't possess to boost the stock value of his company, the
0:49.9	story's kind of bananas, and reminds us how much work remains to realize Joe Biden's
0:55.1	all-electric dream that's momentarily on today's point.
1:01.2	Support for today's show comes from Slack.
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1:25.8	However you work, Slack is the flexible digital HQ for organised and efficient teams, no
1:31.7	matter where they're logging in from.
	...

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