Nikola Motor Company

Rolling in with an eerily Theranos vibe, Nikola founder Trevor Milton surprised everyone by stepping down amid fraud allegations against the company.

Milton is best known for being overzealous and ambitious with the company’s line of zero-emission trucks, but claims are now showing that Milton deceived investors by exaggerating its technology’s progress.

The cherry on top?

It turns out the designs of his vehicles (which he claimed were created in his basement) were actually purchased from a designer in Croatia in 2015.

I’m all for giving someone the benefit of the doubt, but if it looks like fraud, smells like fraud, and acts like fraud, then it’s probably fraud.

Teachable Moment:

The hustle culture of this era is starting to get too far. “Fake it ’til you make it” is nice and all, but when it’s time to show up, you better have results.

Visions and promises of grandeur are great motivators, but it all boils down to the execution. Is it realistic, and can the team execute?

If the answer is no, you’ll have some people to answer to.