 Wow! What's up money geeks, Mr. V here, welcome to another video guys. So in today's video, I want to talk about Nikola Modo. I know we've been talking about Nikola Modo a lot, but for good reason. So before we get started guys, if you're new to the channel, we'll talk about how to earn money, how to save money, how to invest and build wealth. So if that's something that interests you, go ahead and hit that subscribe button and your notification bell so you don't miss out on new content. So Nikola Modo, let's take a little kind of walk down memory lane here. This company, you know, one of the EV companies, supposedly one company is looking at competing with Tesla. They were already calling Nikola Modo the next Tesla. And so this company went public through a merger with Vector IQ and kind of just skyrocketed the stock from twenty something dollars to a high of ninety eight dollars. They hit the peak of ninety eight dollars and then just reverse instead of going down the drain and nothing could stop the bleeding until they actually announced a partnership with General Modo's and then the stock started squeezing up again and then this bomb shell from Hindenburg's research came in and the stock wiped out all the gains from that partnership with General Modo's and boy, the stock has just been going south from there. The CEO or co-founder of the company kind of resigned this past week adding to the bleeding. So Hindenburg's research has accused Nikola Modo of the fact that the technology is not up to par. So what they are selling or talking about or what they put in their investor presentation about where their technology is at is not true. So they're hydrogen fuels and they're inverters and not where they're supposed to be. Why am I bringing all this up? I'm bringing this up because when you keep hearing stuff like it's about a company and somebody accusing you and you don't do anything or you don't answer the questions properly, that's a red flag to me because if you think that what you're doing is great and your technology is ready to go, why not just put it out there? Why not do a demo and show people like, hey, they're talking about all this stuff. Here we are. So I'm going to give you a good example. So they have a promotional video where they actually have one of their trucks, Nikola Modo's trucks driving maybe just along the highway. But the actual video is the truck rolling down the hill and not being propelled by the engine of that truck. But now they went ahead and used video editing to make it look like it was driving on a straight road, like a flat road, which is deceiving. So when people saw that they thought, oh, that truck is being propelled by Nikola Modo's technology, whereas it was just rolling down a hill and not necessarily using any sort of Nikola Modo's technology. And when they were accused of this, they said, they didn't specifically say that it was being propelled by the engine. They just said it was your truck in motion. So you omitted that piece because we didn't ask or what. So again, this is the thing that I see the analogy that I can pretty much tie these to is like, you get in a relationship with somebody and you guys get married and then you found out that they have five kids. And then you ask them like, hey, but you didn't tell me about your five kids. Like, well, you didn't ask me. So I didn't see the need to tell you. So no, no, no, no, that is your place to tell me that you have five kids before we get in a relationship. I don't know where I'm going with this, but I just want to kind of give that analogy. So basically Nikola Modo is bleeding so bad. And I don't know when the bleeding is going to stop. GM, again, has stepped up and say our relationship is good. We did our due diligence to actually vet Nikola Modo before we went into this partnership with. So now let me give you guys another situation that we've seen before with another company and everything that Nikola Modo is doing right now or going through is really, really kind of mirroring what that company went through. Do you guys remember the company Terranos? If not, I'll give you a little brief history. Terranos was a company founded by Elizabeth Holmes. She was a drop out of Stanford. And so she started this company, kind of a pharmaceutical company to help with blood tests. So remember when you go to the hospital to do a test, they'll draw like a whole pint of blood to go run the test. And so she said, oh, I'm coming up with this technology where she had these little things called the nanotubes. And you take the nanotubes and that's all you need. So finger prick of blood, you can run over 300 different tests just from that finger prick. And so you had people in Hollywood, people in Silicon Valley, people in Wall Street invested in this company. I'm talking big shot names invested in this company. And they even went as far as having a partnership with Walgreens. Does that ring a bell? Nikola Modo just had a partnership with GM. So let me continue the story. They had a partnership with Walgreens and actually said, oh, they have some of their technology at Walgreens. But here's how their technology operated. They didn't have any technology yet. It was just a prototype that didn't really work. So they'll go to Walgreens, have somebody like a clinician, say they take those samples and then pretend as if they're running the test on site, but they'll ship them back to their headquarters where somebody would actually use existing blood testing technology to run the test and then send them back and then they'll give them to their patients and pretend as if they actually ran it there. So they finally got exposed. And the company went from being valued at almost about $9 billion to zero. Elizabeth Holm got sued and even up to now she's still going through the process and she's not completely out of the woods yet. So I'm actually saying this is because we've seen now Nikola Modo's, you got from really being this hype of new company that's gonna take electric trucks to Main Street and now to their CEO or one of their co-founders resigning from the company and another thing that's just happened again not challenging the technology that what you guys are claiming that your technology can do is not exactly what it is. All that really mirrors Terenose. I'm not telling you this to frighten you about Nikola. I'm just telling you what I have seen, what I'm looking at. Again, when you hear all this noise about a particular company, either go to bat, it's your duty, it's your responsibility to do your own research so that you can decide when to either buy or sell or get out of the company. So I'm not telling you that or get out of the company or get in, I'm just simply giving you guys my opinion as to what I see. So do your own due diligence. So right now where I stand with Nikola Modo there is so many red flags that really matches what I saw with Terenose and I'm gonna sit and watch this one on four because I don't think it's gonna be pretty. But again, that is my opinion. Let me know what you think about it. Do you think all this is just a way to knock them down or you think it's just short sellers trying to kill the stock and make profit as the stock goes down? Let me know in the comment section. So in conclusion, I think Nikola Modo is sitting at a crossroad of either going bankrupt or making it big. Again, the partnership with GM is one that has, GM doesn't really have anything to lose here because it's just a partnership and they have a 10% stake at Nikola Modo. So if Nikola Modo go bankrupt, GM didn't really invest any money in the company. So as a matter of fact, Nikola Modo is paying GM to be part of the company to help them manufacture their truck. So again, if the things go south, GM doesn't really have anything to lose. So that's my take on the situation. Again, I'm gonna monitor it and see what happens in the future. So if you're looking to get started with investing guys, again, Weibo is doing a promotion where if you sign up and deposit $100, you get a free stock and you get access to level two information that you can actually use for doing trading. So I'm gonna put the links in the description below. Definitely go check them out. And as always guys, don't be a greedy savage.