At the trial of founder Trevor Milton, prosecutors say a company video of a prototype truck appearing to be driven down a desert highway was actually a video of a nonfunctioning Nikola that had ...

Bloomberg via Getty Images The accusations were aimed at the company’s founder and former chief executive, Trevor Milton. The SEC claimed Milton shared a video of a Nikola truck rolling down a ...

At the trial of founder Trevor Milton, prosecutors say a company video of a prototype truck appearing to be driven down a desert highway was actually a video of a nonfunctioning Nikola that had ...

particularly after its founder and then-CEO Trevor Milton was convicted of fraud in 2022 and sentenced to four years in prison the following year. Milton was the subject of a federal probe ...

In December 2023 founder Trevor Milton was sentenced to four years in prison after being convicted of exaggerating claims about his company’s production of zero-emission 18-wheel trucks, leading ...

At one point the truck startup had been valued at $30 billion, but it faced a series of challenges since the prosecution of its founder and CEO Trevor Milton. In recent years the startup focused ...

Nikola struck a major deal with General Motors but was engulfed in crisis after its founder, Trevor Milton, was accused of misleading investors about Nikola's business and technology. In 2020 ...

Trevor Milton. Now a penny stock, Nikola filed for chapter 11 on Wednesday in a Wilmington, Del., court, joining other Tesla wannabees that have run out of road before their zero-emissions visions ...

At the trial of founder Trevor Milton, prosecutors say a company video of a prototype truck appearing to be driven down a desert highway was actually a video of a nonfunctioning Nikola that had ...

was followed by a steep decline as the company stumbled trying to fulfill the lofty promises of its founder and former chief executive, Trevor Milton.