Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks. Read More
Nikola Motor Co
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Back to news homeA Skeptical Stock Analyst Wins Big by Seeking Out Frauds
Last month, federal authorities charged the founder of the electric vehicle manufacturer Nikola, which had gone public in the summer of 2020, with defrauding investors. They were led there partly […]
SPACs on Trial
SPACs and fraud: A bug or a feature?Trevor Milton, the founder of Nikola, is one of the most high-profile figures at the center of the boom in SPAC deals. Yesterday […]
Nikola Chairman Trevor Milton Resigns Amid Fraud Claims
The new chairman, Mr. Girsky, has played a critical role in Nikola’s rise to prominence. After leaving the G.M. board in 2016, he started an investment company, VectoIQ, to provide […]
For Companies Like Workhorse, A Race to Be the Tesla of Delivery Vehicles
A fleet operator might spend about $300,000 to own and operate a diesel truck over 20 years, but the cost of owning an electric truck may be less than half […]
G.M. Scales Down Nikola Deal
Nikola, a start-up electric truck company that had made a big splash on Wall Street, announced a broad alliance with General Motors in September that promised to give the company […]