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Nikola Confronts Future With Founder Exit, Stock Plunge

Sep.21 — Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman Trevor Milton. Bloomberg’s Ed Ludlow reports on “Bloomberg Technology.”

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Sep.21 — Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman Trevor Milton. Bloomberg’s Ed Ludlow reports on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Mondrayish

    September 21, 2020 at 10:55 pm

    A business plan and nothing else that’s worth a 10b market cap valuation? Gtfo here lol.

    • Stephen Jagiello

      September 22, 2020 at 12:03 am

      He gets to sell all his stock without restrictions now worth over a billion……scam of scams

    • Bohr

      September 22, 2020 at 1:19 am

      He merged with another company do your research b4 spewing out nonsense

  2. To Pi

    September 21, 2020 at 10:57 pm

    A dumpster fire of fraud….. Nikola = Theranos Trevor Milton = Elizabeth Holmes

    • Zoltán Kárpát

      September 21, 2020 at 11:29 pm

      They could have made a working prototype for a couple million dollars. And if the guy kept his mouth shut, Iveco would have started production in about 1 year from now and everyone would have been happy… stock rising and all that good stuff …

  3. John D.

    September 21, 2020 at 11:14 pm

    Wouldn’t a change of ceo be a sign that the company is changing? So now they’re going into a manufacturing business instead of a company looking for investors.

    • Mubashir Cheema

      September 22, 2020 at 12:30 am

      Nikola has no product and no technology. It is difficult to run a business when you have nothing of value to offer. Changing leadership doesn’t change that fact.

    • Mubashir Cheema

      September 22, 2020 at 12:32 am

      It’s a little but like saying that if bankrupt Theranos changed their CEO from Elizabeth Holmes to Sunny Balwani, they would all of a sudden become a viable company.

  4. Metacognition88

    September 21, 2020 at 11:17 pm

    Buy the dip. It’s going to be yuuuuge.

    • kvps27

      September 22, 2020 at 12:04 am

      lol… ok

    • All American Dream Chaser

      September 22, 2020 at 12:44 am

      Good luck

  5. All American Dream Chaser

    September 22, 2020 at 12:43 am

    The entire board of directors are BYU graduates. It all leads back to the Mormon Church.

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Bloomberg’s Ed Ludlow breaks down Tim Cook’s final Apple earnings call as CEO – a story of supply crunches, demand misreads and a tough outlook. Plus, Amazon’s shares roar on AI progress, big spending and accelerating cloud growth. And, after OpenAI’s breaches, Anthropic is now saying its own AI models breached three organizations during cybersecurity tests.

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Chinese AI startup Moonshot’s Kimi models are powered in part by around 20,000 Nvidia Hopper chips supplied through a computing agreement with Alibaba, according to sources. Bloomberg’s Peter Elstrom explains what the arrangement reveals about China’s AI infrastructure and the role of US technology in training frontier models. He joins Ed Ludlow on “Bloomberg Tech.”
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