The Billionaire Founder Of Nikola Motors Explains Why His $3.3B Company Needs Small Business Rescue Cash

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Nikola Motors billionaire CEO Trevor Milton explains why his $3.3 billion company hasn't returned its small business rescue cash

. In the aftermath, came a public backlash.

“There's a difference between a high valuation and having cash,” Brady said in a telephone interview. “We are a pre-revenue company with a lot of expenses… Our burn rate is high.” Despite its high valuation, Nikola has a small staff of about 300 workers, many of them skilled and highly paid engineers, but it doesn’t yet generate substantial revenue revenue.

 

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Give the fucking money back, nikolatrevor.

elonmusk look that

75% must be used for payroll, 25% can be used to pay vendors, utilities, rent, etc. Adhere to that and it’s free money.

when Tesla took over...

To make a mockery of our pathetic political system and our elitist favoritism

Completely disgusting. Covid19 doesn’t affect him nearly as much as others.

PPP recipients have to attest that they don't have access to other sources of liquidity. I think Nikola will have to return the $s.

A pitiful 4 million would sustain a 3 billion company. Success.

the nikola and tesla.. seems legit

He’s disgusting

Lies, that's clearly Chandler Bing.

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Several public companies who took small business rescue loans say they are not giving back the cashSix companies contacted by CNBC who took the loans said they had no plans to return the funds. Uhhhhhh Sucker... Why should they, they didn’t break the law or spirit of it.
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