Founder of electric truck company Nikola charged with fraud
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NBC News
Founder of electric truck company Nikola charged with fraud
Trevor Milton, the founder of the electric truck company Nikola, has been charged with fraud. Milton is accused of misleading investors by inflating the company's stock price on social media while receiving millions in personal benefits.
Jul 29, 2021
Nikola Truck Scandal
How many people lost money? 😞 The Nikola truck scandal centered on founder and former CEO Trevor Milton misleading investors about the electric and hydrogen truck company's products and technological capabilities. Milton made numerous false statements on social media and in interviews to inflate the company's stock price, targeting individual retail investors. A key revelation was that a promotional video showing a prototype truck driving was actually filmed with the vehicle coasting down a hil
1:08
How many people lost money? 😞 The Nikola truck scandal centered on founder and former CEO Trevor Milton misleading investors about the electric and hydrogen truck company's products and technological capabilities. Milton made numerous false statements on social media and in interviews to inflate the company's stock price, targeting individual retail investors. A key revelation was that a promotional video showing a prototype truck driving was actually filmed with the vehicle coasting down a hil
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