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 […]
Nikola Motor Co
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Back to news homeSPACs 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 […]