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[THREAD] 
Analyzing Trevor Milton's Claims
August 18, 2020 | Tour of Nikola HQ
Re: Funding
Claim: If Nikola had the same level of funding that Tesla had, Trevor Milton would maybe have done more engineering & manufacturing in-house instead of outsourcing it all
$NKLA
Analyzing Trevor Milton's Claims August 18, 2020 | Tour of Nikola HQ
Re: Funding
Claim: If Nikola had the same level of funding that Tesla had, Trevor Milton would maybe have done more engineering & manufacturing in-house instead of outsourcing it all
$NKLA
2/
According to the History of Tesla, Inc.'s Wikipedia:
$187 million (2003 to Jan. 2009)
$50 million (May 2009, Daimler)
$465 million (Jun. 2009, DOE loan)
$226 million (Jun. 2010, IPO)
TOTAL = $0.93 billion
$NKLA
According to the History of Tesla, Inc.'s Wikipedia:
$187 million (2003 to Jan. 2009)
$50 million (May 2009, Daimler)
$465 million (Jun. 2009, DOE loan)
$226 million (Jun. 2010, IPO)
TOTAL = $0.93 billion
$NKLA
3/
According to Nikola's SEC filings & reports:
$526 million (2014 to 2020)
$940 million (Jun. 2020, SPAC reverse merger)
TOTAL = $1.47 billion (58% more capital than Tesla)
$NKLA
According to Nikola's SEC filings & reports:
$526 million (2014 to 2020)
$940 million (Jun. 2020, SPAC reverse merger)
TOTAL = $1.47 billion (58% more capital than Tesla)
$NKLA
