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Category: Nikola Motor Co

Posted on March 28, 2025

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.
Posted on February 19, 2025

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.
Posted on January 30, 2024

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.
Posted on December 28, 2023

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.
Posted on December 18, 2023

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.
Posted on October 22, 2022

An Activist Short Seller Gets His Day in Court

Nathan Anderson, who exposed evidence of fraud at Nikola, says he feels vindicated by its founder’s conviction.
Posted on October 14, 2022

Nikola Founder Trevor Milton Is Convicted of Fraud

Trevor Milton was accused of boasting about nonexistent technology to inflate the stock price of Nikola, a maker of electric trucks.
Posted on September 12, 2022

Trevor Milton of Nikola Begins Trial in Fraud Case

Prosecutors say Trevor Milton, former chief executive of Nikola, lured retail investors with lies about the electric truck company’s technology.
Posted on August 16, 2021

A Skeptical Stock Analyst Wins Big by Seeking Out Frauds

The activist short-seller behind Hindenburg Research has become known for research that sends companies’ stock sinking. He says he’s not in it just to move share prices.
Posted on July 29, 2021

Nikola Founder Trevor Milton Charged With Securities Fraud

Federal prosecutors charged Mr. Milton with misleading investors about the technology for battery- and hydrogen-powered vehicles Nikola had hoped to manufacture.

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