Devon Archer, Trevor Milton and Carlos Watson were convicted in fraud schemes totaling hundreds of millions of dollars. Now, they will not be required to pay back victims.
Category: Nikola Motor Co
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Trump Pardons Trevor Milton, Founder of Bankrupt Truck Maker Nikola
President Trump’s intervention came while Mr. Milton was appealing his conviction on securities and wire fraud charges.
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Nikola, E.V. Start-Up That Once Thrilled Investors, Files for Bankruptcy
The company, which once enjoyed a surging stock price, struggled to turn its plans for electric and hydrogen trucks into a viable business.
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Truck Makers Team Up to Push for Electric Vehicle Chargers
Daimler, Navistar and Volvo have been criticized for not selling many electric heavy trucks, but the companies say the country first needs many more chargers.
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California Pushes Electric Trucks as the Future of Freight
A mainstay of cargo transport will be phased out at ports as California bans new registrations of carbon-fuel trucks in favor of nonpolluting ones.
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E.V. Start-up Founder Could Get Prison Term in Fraud Case
Trevor Milton, who founded the truck company Nikola, will be sentenced on Monday in a fraud case that exposed the excesses in the electric vehicle business.
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A Short Seller, Hindenburg Research, Bets Against Adani Group
The New York Times – Business:Hindenburg Research accused the Adani Group of orchestrating the “largest con in corporate history,” sending shares of its companies tumbling on Wednesday.
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Nikola Founder Trevor Milton Is Convicted of Fraud
The New York Times – Business:Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.