The founder and former CEO of Nikola, Trevor Milton, has been charged (again) with another count of wire fraud, in addition to the other charges he faced for serially duping would-be investors in his electric big-rig fraud.
Well, it’s a start.
“Electrification” itself is a serial fraud – not unlike the last presidential (s)election.
It is predicated on a lie – about an impending human-caused “climate catastrophe” – and built upon a series of further cons, among them that electricity is “clean” when you cannot see the smoke. Which you don’t, when it is generated by burning coal or oil or natural gas 50 or 100 miles away. But the distance between the source of electricity and where it is used facilitates the unseeing. Enables con men to claim that driving an electric car is “clean” . . . which it is, in the manner of a Vegas escort who takes a shower before she sees her next client.
Other electrified cons include the haltingly inverted use of the word “fast” to describe how long you’ll wait.
It is a brazenness on par with the ongoing assertions that drugs which do not immunize are “vaccines.” The one probably enabling the other through sheer insolent habituation of the public discourse to such nonsense.
If people were told that “fast” meant at least five times as long – under the most favorable circumstances – and not including the time it takes to get to and from a “fast” charger (none of them being at home) would people buy in? How many would wait half an hour to forty-five minutes for “fast” food? Imagine McDonald’s trying to sell people on that.
Then there is how much you’ll “save” – relative to how much you have been fleeced.
First, these con-artists arrange things so that people are paying 2-3 times as much for gas as they used to. Then they tell them that the solution is to spend $40,000 on an electric car rather than $5 for a gallon of gasoline and thereby they will spend less money.
If hands are raised, they will say the “savings” are realized over time; i.e., that after driving that $40k electric car for a number of years – and not spending even $5 for one gallon of gas during those years – you will eventually “catch up” to what you spent to buy the $40k electric car.
The failure to explain this fact to people is proof positive they’re trying to gyp people. How many people would buy a $40k electric car if they knew beforehand that they’d almost certainly be buying a $10k battery pack on top of that? Probably right around the time that $40k (new) EV is itself only worth about $10k, used.
Do they tell people about the effect of high heat and extreme cold upon battery performance – and range? That use of electrically powered accessories such as the AC and the heater can dramatically decrease the vehicle’s range, especially in extremes of heat and cold? That an EV truck’s advertised towing capacity may be high, but if it is used it won’t tow very far?
The fact that they do not indicates they view EV buyers as marks – much the same as Milton, who infamously seduced marks by showing them what appeared to be a video of a Nikola electrified semi – a tractor-trailer rig – trundling down the road, demonstrating that you could haul a really heavy load without burning any fuel.
It turned out the truck was a prop that was rolled down a hill, so as to make it appear to the marks that it was a going thing.
And – for awhile – it was. In the sense that Nikola managed to gyp lots of marks out of lots of money – some $34 billion.
He’s been frog-marched before a judge for his crimes. But the serial crime that is “electrification” remains.
Elon Musk has pocketed even more billions by fronting the electric car scam. His cars do roll under their own power. But it is the power of government that causes the money to roll in. Tesla got the operating capital it used to build its business by bilking other businesses – via “selling” them “carbon credits” they were forced to buy from him, in order to avoid being fleeced even worse by the government, which required them to reduce their “emissions” by either building elsewhere emissions electric cars – in the case of other car companies – or buying “credit” for having built them, by handing over lots of money to Tesla, which did.
Thus – like the spider that lays its eggs on the paralyzed but still-living body of another insect, which serves as the host for the spider’s progeny – Elon made a lot of money. He is a more subtle and effective fraudster than Milton, who emulated him but wasn’t quite able to get away with it.
Maybe, in time, the jig will be up for Elon, too.
. . .
Got a question about cars, bikes or anything else? Click on the “ask Eric” link and send ’em in! Or email me directly at EPeters952@yahoo.com if the @!** “ask Eric” button doesn’t work!
If you like what you’ve found here please consider supporting EPautos.
PS: Get an EPautos magnet or sticker or coaster in return for a $20 or more one-time donation or a $10 or more monthly recurring donation. (Please be sure to tell us you want a magnet or sticker or coaster – and also, provide an address, so we know where to mail the thing!)
My eBook about car buying (new and used) is also available for your favorite price – free! Click here. If that fails, email me at EPeters952@yahoo.com and I will send you a copy directly!