Government, Business, Fuel, Breaking News

Nikola Founder Trevor Milton Guilty of Defrauding Investors

Nikola Corp. founder Trevor Milton was convicted of fraud Oct. 14 for misleading investors in the electric truck company.

October 14, 2022
Government, Business

Trevor Milton Fraud Case Goes to Jury After Passionate Closing Statements

The U.S. launched its closing statement in Nikola Corp. founder Trevor Milton’s trial on Oct. 13, claiming Milton defrauded investors with breathless hype about the electric truck maker.

October 13, 2022
Government, Business, Fuel

Nikola Execs Threatened to Quit If Trevor Milton Didn’t Step Down

Three top Nikola Corp. executives threatened to resign in 2020 if the electric vehicle maker’s founder, Trevor Milton, didn’t step down as executive chairman, according to a filing in the federal fraud case against him.

September 20, 2022
Government, Business, Technology, Fuel

Nikola CEO Mark Russell Says Trevor Milton Was Prone to Exaggerate

Nikola Corp.’s chief executive officer told a jury he learned only after joining the company that its debut electric truck had neither a gas-powered turbine nor a fuel cell when founder Trevor Milton unveiled it.

September 19, 2022
Government, Business, Technology, Fuel

Nikola Cannibalized a Ford for Hyped Badger Electric Pickup, Jury Told

A Nikola Corp. prototype of the electric vehicle startup’s planned Badger pickup truck was made partly of components from a Ford Motor Co. F-150 Raptor, the jury in the criminal trial of Nikola founder Trevor Milton was told.

September 15, 2022
Government, Business, Technology, Fuel

Nikola Whistleblower Made $600,000 Off Short Sale, Jury Told

A former Nikola Corp. contractor whose allegations of fraud at the electric truck company helped spur a criminal investigation told a federal jury he made $600,000 off a short seller’s report on Nikola.

September 14, 2022
Government, Business, Technology

Trevor Milton Seeks to Dismiss Indictment

Nikola Corp. founder Trevor Milton asked a federal judge to throw out an indictment accusing him of misleading investors about the electric vehicle maker’s financial prospects.

December 16, 2021