Post Tagged with: "nikola"

Nikola founder sentenced for alleged securities fraud

Nikola founder sentenced for alleged securities fraud

Milton was convicted in October 2022 for deceiving investors about the capabilities of Nikola’s hydrogen and electric truck technology, particularly the Nikola One prototype. Prosecutors argued that he had created a false image of the truck’s functionality through deceptive videos. The case came to light after Nikola went public in 2020, initially seen as a competitor to Tesla, leading to[Read More…]

by April 15, 2024 Newscast