Nikola Truck Fraud Trevor Milton Indicted (EXCLUSIVE CONTENT INSIDE) + Top Paying Loads in Trucking — Transcript
Full transcript
- 0:00[Applause]
- 0:01[Music]
- 0:12hi guys this is vitaly with aft dispatch
- 0:14in a2c logistics and in today's video
- 0:16i'd like to speak with you about the
- 0:17indictment of mr trevor
- 0:19milton the founder of nikola motor
- 0:21company now before we get started i'd
- 0:22like to ask you to please
- 0:24like the video be sure you subscribe to
- 0:25our channel and hit the notification
- 0:27bell so you never miss a single release
- 0:28of our videos
- 0:29where every friday we're talking about
- 0:31something that could benefit you in your
- 0:32trucking businesses
- 0:33in your trucking careers as well as
- 0:35cover the loads we've successfully
- 0:36booked for our customers consisting of
- 0:38lease time owner operators and carriers
- 0:40operating under their own mc authorities
- 0:42running under our truck dispatch
- 0:43services
- 0:44as always guys big big thank you for all
- 0:46the likes you've provided and all the
- 0:47previous videos
- 0:48please do keep them coming and let's
- 0:50talk about mr trevor milton the founder
- 0:52of nicola corp
- 0:53now those of you who followed our
- 0:54channel for some time might remember a
- 0:55video we produced several months ago a
- 0:58very popular video covering the
- 0:59autonomous trucking
- 1:01as well as the effects that this would
- 1:03have on the trucking industry moving
- 1:04forward
- 1:05if you haven't seen that video i'll
- 1:06leave a little card up here in the
- 1:07corner it's a must-watch it'll give you
- 1:09really good context about what this
- 1:11video is going to be
- 1:12about today now we must go back about
- 1:14four and a half years to december of
- 1:162016
- 1:17where i was very lucky to be invited to
- 1:18the global unveiling event
- 1:20of the nikola one hydrogen hydrogen
- 1:22electric
- 1:23uh prototype truck that they were
- 1:25presenting to the world to see for the
- 1:26very first time here in salt lake city
- 1:28this was a major event with some of the
- 1:30brightest minds in the industry
- 1:32some of the biggest names have flew in
- 1:33from all over the world
- 1:35news coverage from every corner the utah
- 1:38governor
- 1:38had actually attended the event and made
- 1:40a brief speech i got to meet
- 1:42trevor milton himself shake his hand
- 1:44have a quick conversation as well as
- 1:46take some photos we even got to get
- 1:48inside the truck itself and make some
- 1:50exclusive video content
- 1:51it's a two minute video i'll leave a
- 1:52little card up here for you to watch
- 1:54it's a really cool video i definitely
- 1:56recommend watching it
- 1:57we got inside the truck you could see
- 1:58that you know the condo
- 2:00the cabin the cockpit all the
- 2:02electronics and everything inside the
- 2:03truck
- 2:04very very quickly definitely don't miss
- 2:06that video but we move forward four and
- 2:08a half years
- 2:09and mr trevor milton is being indicted
- 2:11and charged with
- 2:13uh misleading investors you know the
- 2:15indictment was actually unsealed
- 2:17today july 29 2021 in the manhattan
- 2:20federal courts in new york city
- 2:22with false claims about the vehicles and
- 2:25uh
- 2:26duping of investors now mr milton was
- 2:29charged with
- 2:30two counts of securities fraud and one
- 2:32count of wire fraud
- 2:34uh two very major uh allegations
- 2:37against the person now he is out on bail
- 2:40at a 100 million dollar
- 2:41bail funded by his personal properties
- 2:44yet the manhattan
- 2:45u.s attorney audrey strauss actually
- 2:47said that mr milne repeatedly
- 2:49use social media appearances interviews
- 2:52on television
- 2:53podcasts and print to make false and
- 2:56misleading
- 2:57claims about the status of the trucks
- 2:59and the technologies they were
- 3:00presenting
- 3:01now there is video out there mr uh
- 3:03trevor milton
- 3:04actually claiming that they have fully
- 3:06functioning nikola one prototypes
- 3:08which could not be further from the
- 3:10truth i've seen the trucks myself they
- 3:11were inoperable
- 3:13they were missing gears they were
- 3:14missing motors and
- 3:16the truck uh was not one that you could
- 3:19drive down the road in fact they have
- 3:20videos of the truck driving down the
- 3:22road but it's
- 3:22later turned out to be they was actually
- 3:24rolling down a hill
- 3:25and that's how they got that footage
- 3:27furthermore they have footage of the
- 3:29vehicle actually driving
- 3:31but and although it said on the side of
- 3:32the truck they had a stencil saying that
- 3:34it's a
- 3:35hydrogen electric vehicle the truck was
- 3:37actually operated using
- 3:38uh natural gas they had multiple
- 3:41different uh
- 3:42kind of uh gaffs out there with hydrogen
- 3:45electric vehicle
- 3:46uh being presented as something that it
- 3:48is not they had
- 3:49issues with the badger pickup truck
- 3:52which i'll leave
- 3:53photos of that and along with some of
- 3:56the other photos from the event
- 3:57that was you know definitely a site to
- 3:59be seen they also talked about hydrogen
- 4:02being produced by nicola
- 4:04at reduced costs well the truth is that
- 4:06they weren't producing any sort of
- 4:07hydrogen
- 4:08any cost whatsoever they talked about
- 4:10producing batteries and other
- 4:12parts and components of the truck yet
- 4:14they were purchasing them from
- 4:15third-party vendors
- 4:17furthermore they did the biggest no-no
- 4:20in the
- 4:20accounting world in the business world
- 4:22where they actually counted 100
- 4:24counsable pre-orders as part of revenue
- 4:26a very very big
- 4:28no-no in the securities and exchange
- 4:30commission as well as the doj
- 4:32a big no now mr milton actually has no
- 4:36formal background in engineering
- 4:37and the the stock was actually worth
- 4:39that 1.8 and a half billion dollars
- 4:41which blew out uh
- 4:43blew out of the water some of the
- 4:44biggest names in the automotive industry
- 4:46and uh currently the stock is plummeted
- 4:48to uh right around
- 4:5012 a share i was actually offered the
- 4:52stock at
- 4:53pre-ipo pricing which would have been
- 4:56such a wonderful thing i did not take
- 4:58advantage of it but it turned out to be
- 4:59a great thing that i didn't buy any
- 5:01shares because now i would have lost
- 5:03all a ton a ton of money now i'd love to
- 5:06hear your thoughts about this
- 5:07and where this case is going to go where
- 5:10future cases like this are going to go
- 5:12where autonomous trucking is going to go
- 5:13and how this is going to affect the
- 5:15industry
- 5:15moving forward what your thoughts about
- 5:17that now i'm going to switch over to
- 5:19camera we're going to look over the
- 5:20loads that we booked for our customers
- 5:21and if you haven't liked the video
- 5:23please hit that like button for us
- 5:24and i'll see you guys in just a moment
- 5:27welcome back guys let's take a look at
- 5:28some of these loads some really good
- 5:29stuff to report on
- 5:30going to start off with the drive and
- 5:31coming out of san diego california going
- 5:33to meridian mississippi
- 5:3536 000 pound load of office supplies
- 5:37eighteen hundred and fifty miles
- 5:39booked at seventy two hundred dollars
- 5:41got him 389 per mile
- 5:42on lots and lots of miles then salesian
- 5:45alabama to brazilton georgia
- 5:46has a very light load four thousand
- 5:48pound uh load of home goods and
- 5:50furniture
- 5:51290 miles short run sixteen hundred and
- 5:54fifty dollars booked
- 5:56got them five sixty nine per mile they
- 5:58finished off with grove town georgia
- 6:00when a one pick three dropper
- 6:02drops in mooresville indiana maneer
- 6:04illinois
- 6:05and galesburg illinois this guy this is
- 6:07a 14 000 pound load of tractor parts 860
- 6:10miles booked at 3 000
- 6:12even got them 349 per mile they finished
- 6:15off
- 6:15really strong running friday to friday
- 6:17ended up grossing
- 6:18thousand eight hundred and fifty dollars
- 6:21booked at 395 per loaded mile on their 3
- 6:24000 miles
- 6:25i mean very well done almost twelve
- 6:27thousand dollars in a dry van running
- 6:28just three loads in a week
- 6:30very very well done next we have a
- 6:32reefer coming out of osceola iowa going
- 6:34to memphis tennessee 39 000 pound load
- 6:36of
- 6:36frozen foods 593 miles booked at 3 100
- 6:40got him 523 a mile then jonesboro
- 6:43arkansas to woodburn indiana
- 6:4443 000 pound load of frozen nestle
- 6:47products this is a nestle unesco
- 6:48delivery
- 6:49589 miles booked at 3 000.
- 6:52got them 509 per mile then winamac
- 6:54indiana
- 6:55to orlando florida full truck load of
- 6:57bulk potatoes
- 6:591081 miles booked at thousand dollars
- 7:01got him 370 per mile
- 7:03then leesburg florida to abington
- 7:05virginia 17 000 pound load of frozen
- 7:08groceries
- 7:09689 miles booked at 1850 got him 269
- 7:13per mile these guys also did very well
- 7:15it's a reefer running eleven thousand
- 7:17nine hundred and fifty dollars uh
- 7:19running monday to monday
- 7:21got them 2952 loaded miles running at
- 7:24405 per loaded mile plus they only had
- 7:27353
- 7:28miles of deadhead which got him a total
- 7:30of 362
- 7:32per mile with deadhead included very
- 7:34well done four dollar average nearly 12
- 7:36000 bucks on a reefer
- 7:38and almost 3 000 miles next we have a
- 7:41dry van team
- 7:42these guys are brand new to us recently
- 7:44started very very strong hit a lot of
- 7:46miles and did very well
- 7:47got tacoma washington going to rapid
- 7:50city south dakota 41 000 pound load of
- 7:52laminate sheets
- 7:531140 miles booked at four thousand
- 7:55dollars got him 351 a mile
- 7:57then colony was wyoming to joliet
- 8:00illinois
- 8:0041 8 load of cat liver a cat litter
- 8:04pardon me uh one thousand and five miles
- 8:07booked at two thousand dollars got him
- 8:091.99 per mile
- 8:10then valparaiso indiana going to welford
- 8:13south carolina
- 8:14seven thousand pound light load of empty
- 8:16boxes 689 miles booked at 22.50
- 8:20got him 328 per mile then simpsonville
- 8:22south carolina to sheboygan falls
- 8:25wisconsin this is a 18 000 pound load of
- 8:27cellulose film
- 8:28872 miles booked at 3 000 dollars got
- 8:31him 344 per mile
- 8:33then lancaster wisconsin to
- 8:35elizabethtown pennsylvania 11 000 pound
- 8:37load of
- 8:38food products 868 miles booked at 3 500
- 8:42got them 403 per mile then ben salem
- 8:45pennsylvania to wellington kansas their
- 8:4735 000 pound load of aluminum coils
- 8:501 359 miles booked at hundred 2
- 8:53got him dollar ninety nine per mile and
- 8:56i finished off strong with mcpherson
- 8:58kansas to
- 8:59holding holding forward minnesota 17 000
- 9:02pound load of
- 9:03insulation 636 miles booked at 2050
- 9:07got them 322 per mile did an excellent
- 9:10job they ran a lot of miles grossed
- 9:12uh nineteen thousand five hundred
- 9:14dollars in their drive-in
- 9:15running 6567 miles as a team
- 9:20uh running at 297 uh per
- 9:23mile guys uh interesting thing is i ran
- 9:26uh their their weight
- 9:27and the average weight that they had was
- 9:29just over 24 000 pounds on the weight so
- 9:32the excellent very light load on this
- 9:34drive end well done
- 9:35next we have us uh uh reefer coming out
- 9:38of erie pennsylvania
- 9:40going to seymour indiana 40 000 pound
- 9:42load refrigerated food products it was a
- 9:44drop at walmart 440 miles
- 9:46booked at 1200 got him 273 a mile then
- 9:50trotwood ohio to charlotte north
- 9:51carolina
- 9:52this is a four uh 35 000 pound load
- 9:56of afraid of all kinds running 20
- 9:58degrees on a reefer 465 miles booked at
- 10:002 400
- 10:02got him 16 per mile then bessemer city
- 10:05north carolina to perryville maryland 20
- 10:07000 pound load of food 500 miles even
- 10:10running at 2100
- 10:11got them 420 per mile then uh they got
- 10:14another one out of parkersburg
- 10:16pennsylvania with a one pick three
- 10:18dropper to new berlin wisconsin
- 10:21woodbury minnesota and a final in rush
- 10:23city minnesota 40 000 pound load of beer
- 10:26that's 1185 miles booked at 3 300
- 10:29got them 278 per mile and they finished
- 10:32off with st
- 10:33michael minnesota to romeoville illinois
- 10:3639 000 pound load of eggs
- 10:38444 miles booked at 1400 got them 315
- 10:42per mile and these guys did a wonderful
- 10:44job running
- 10:45running ten thousand four hundred
- 10:46dollars in their reefer they ran for six
- 10:49days finished off at home very
- 10:50convenient they ran 3034 miles
- 10:53got their reset done at home and ended
- 10:55up running at 343
- 10:58per loaded mile excellent excellent job
- 11:01we're going to finish off with a dry van
- 11:02coming out of
- 11:03moreland oklahoma to tacoma washington 6
- 11:05000 pound light load of arts and crafts
- 11:07equipment and accessories
- 11:091818 miles booked at six thousand
- 11:11dollars got them 330 per mile
- 11:14then kent washington to west jordan utah
- 11:1614 000 pound load of hand tools
- 11:19838 miles booked at 2 000 got him 239 a
- 11:22mile
- 11:22and i finished off with linden utah to
- 11:24centralia washington
- 11:2642 000 pound load of bag minerals this
- 11:29is 882 miles booked at 2862 dollars and
- 11:33two cents
- 11:34got um 324 per mile
- 11:37uh on that one ended up running thursday
- 11:39to friday
- 11:40uh ended up grossing uh ten thousand
- 11:43eight hundred sixty two dollars and two
- 11:45cents
- 11:45on their thirty five hundred thirty
- 11:47eight miles uh booked at 307 per loaded
- 11:50mile
- 11:50and uh they only had 48 dead head miles
- 11:54in total
- 11:54and two very very light loads at six
- 11:57thousand and fourteen thousand pounds so
- 11:59excellent run and uh they only ran
- 12:01thursday to friday so didn't even finish
- 12:03off a week and made almost eleven
- 12:04thousand dollars
- 12:05and a great average and guys like i
- 12:08always tell you every week
- 12:09if you're not making this kind of money
- 12:10you certainly can whether you're a lease
- 12:12down owner operator or a carrier we work
- 12:14with both types of drivers
- 12:16all you have to do is reach out give us
- 12:17a call or text us at 801
- 12:20448-6363 you can also visit us online at
- 12:23aftdispatch.com forward slash go
- 12:26on any one of our pages there's going to
- 12:28be a chat box uh version of it's going
- 12:30to scroll down through the bottom of
- 12:31this page
- 12:32look for that fill it out takes about 10
- 12:34seconds and we'll get your information
- 12:36and
- 12:36contact you answer any and all questions
- 12:38that you you may have
- 12:40and there is no reason to sit out this
- 12:43incredible
- 12:44really hot market you should be making a
- 12:46lot of money right now
- 12:48every week we produce these videos
- 12:49showing you the kind of money that folks
- 12:51make out there and there's no reason
- 12:52that you shouldn't be either
- 12:54the least on owner operators are welcome
- 12:56carriers are are welcome
- 12:57just get in touch with us again 801 448
- 13:006363 or aft dispatch dot com forward
- 13:03slash go
- 13:04until next week guys stay healthy be
- 13:06wealthy take care
About this transcript
This page contains the full transcript of Nikola Truck Fraud Trevor Milton Indicted (EXCLUSIVE CONTENT INSIDE) + Top Paying Loads in Trucking by AFT Dispatch, generated from the public captions YouTube serves with the video. The transcript has 2,362 words across 409 segments, with the original timestamps preserved so you can click any line to jump to that moment in the embedded player.
What you can do with it
Use the transcript to take notes, quote the speaker, build a study guide, generate a summary with ChatGPT or Claude via the YouTube Summary tool, or export it as a timed subtitle file with YouTube to SRT. You can also re-open it in the transcriber to translate the transcript into 100+ languages.
Free YouTube transcript tool
YouTube2Text is a free YouTube transcript generator — no signup, no daily limit. Paste any YouTube link and get the full transcript instantly, with timestamps, click-to-jump, translation to 100+ languages, AI prompts for ChatGPT, Claude, and Gemini, and exports to TXT, SRT, VTT, or Markdown.