Trevor Milton

Trevor Milton, the disgraced founder and former CEO of electric truck startup Nikola, was sentenced Monday to four years in prison for securities fraud. The sentence, by Judge Edgardo Ramos…

Nikola founder Trevor Milton sentenced to 4 years for securities fraud

Electric and hydrogen-powered heavy truck maker Nikola was awarded $165 million from its founder and former executive chairman, Trevor Milton, in an arbitration proceeding. Nikola said in a filing with…

Trevor Milton to reimburse Nikola $165M per arbitration proceeding

Trevor Milton, the founder and former CEO of electric truck maker Nikola, is standing trial on federal charges of fraud.

Trevor Milton, ex-CEO of electric truck maker Nikola, begins fraud trial

Electric truck maker Nikola announced Wednesday that President Michael Lohscheller will become CEO on January 1. Lohscheller, who will replace CEO Mark Russell upon his retirement, has joined the Nikola…

Nikola taps its president for CEO post

Troubled electric truck maker Nikola adjourned its annual meeting to July 18, giving the company time to lobby shareholders to pass a money-raising measure to issue more shares of common…

Nikola delays shareholder meeting to drum up support to issue more shares

If 2020 and 2021 were the years of the SPAC, 2022 is shaping up to be the year of the reprimand.

Hype, hope and money: Your guide to all the EV SPAC investigations going on

The blank-check boom that made real many electric vehicle manufacturers’ dreams of going public may be nearing a close.

Why EV startups should’ve hit the brakes before merging with a SPAC

Nikola Corp., the electric truck startup that went public via a SPAC, is coming closer to commercial activity after a history of over-promising, missed deadlines and investigations into its founder…

Nikola reports EV truck progress, stiff losses as it closes out turbulent 2021

Beleaguered electric truck developer Nikola Corp. has inked a new agreement with Bosch for its hydrogen fuel cell modules. The modules will be used to power two of Nikola’s hydrogen-fueled…

Nikola and Bosch ink deal for hydrogen fuel cell modules

Milton ‘engaged in a fraudulent scheme to deceive retail investors’ for his own personal benefit, according to the federal indictment unsealed by U.S. Attorney’s Office in Manhattan.

Nikola founder Trevor Milton indicted on three counts of fraud

Nikola Corp. founder and Executive Chairman Trevor Milton is stepping down from the electric truck company effective immediately. This comes in the wake of a report from a noted short-seller…

Nikola’s chairman steps down, stock crashes following allegations of fraud

Nikola Motor Company, the Arizona startup that made its debut as a publicly traded company June 4, will open reservations later this month for a hydrogen fuel cell electric pickup…

Nikola Motor to open pre-orders for fuel cell pickup truck to compete with Ford, Tesla