CURRENTLY ON AIR ⇒
  • Sabaahul Muslim, Morning drive time with Ml Sulaimaan Ravat
    Monday, 6:05 am - 6:30 am
    [ - ]

feedback@radioislam.org.za

logo


((( Listen Live )))))
Radio Islam Logo


Nikola Motors downfall and conviction of the former CEO

Mumtaz Moosa – Saley | kzn@radioislam.org.za

1 min read | 07:15 CAT

Photo Credit: YouTube

In 2018, they launched a prototype behind the partial electric and hydrogen long haul trucks.

Investors had jumped on the bandwagon behind the company’s ideas, with many stating that Nikola motors have the potential to become the next Tesla.

Many trucking companies across Europe and America jumped at the news, placed orders, and made agreements with the company.

However, in 2020 the company started falling apart as more accusations and reports surfaced that the company’s prototype was nothing but a lie.

The video of a semi-electric truck that captured investors ended up being a truck rolling down a hill without even being switched on.  All this came to light after founder and CEO Trevor Milton was convicted of fraud after a lengthy investigation and trial.

Trevor Milton was charged with fraud and will be convicted in January 2023; He is facing up to 27 years in prison.

 

ADVERTISE HERE

Prime Spot!!!

Contact:
advertisingadmin@radioislam.co.za 

Related Articles

Middle East Report – Dr James M. Dorsey

Middle East Report – Dr James M. Dorsey

Azra Hoosen | ah@radioislam.co.za 22 February 2025 | 20:00 CAT 2 min read Hamas is moving swiftly to complete the first phase of its prisoner exchange deal while simultaneously offering a second phase to pre-empt Donald Trump’s resettlement plan and increase pressure...

read more
A Mum’s Guide to Ramadhaan

A Mum’s Guide to Ramadhaan

Mumtaz Moosa | mumtazs@icloud.com 19 February 2025 | 12:15 CAT 3 min read As the countdown to Ramadhaan begins, many mums feel a deep sense of excitement, knowing they can experience this sacred month with their little ones. The thought of decorating the home, setting...

read more

Subscribe to our Newsletter

0 Comments