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Federal prosecutors had accused him of misleading investors to drive up the share price of electric vehicle company
Trevor Milton and his electric vehicle start-up Nikola became Spac darlings in 2020. Then it all came crashing down
Defence calls electric truck entrepreneur an innocent victim of ‘prosecution by distortion’
Electric truckmaker’s deal for battery group is a measured bet on buying and operating a supplier
Two pandemic darlings in Phoenix fall on hard times
With financing markets no longer lenient, any interim capital needs come with painful terms
Plus, Nikola settles with the SEC, and GSK makes a move in its activist battle
US carmaker delivers first vehicles and agrees to pay SEC $125m to settle charge related to former boss Trevor Milton
US regulator accused ex-chief Trevor Milton of misleading investors on vehicles’ capabilities
Electric truck start-up says it will seek repayment from its founder with who it is in dispute with over legal fees
Group unveils vehicle after it was accused of faking video of a prototype by rolling it down a hill
Electric truckmaker says supply chain shortages could prevent it from booking revenue
Plus, a much-awaited report on the Archegos crisis and private equity’s involvement in the UK’s most beloved institution
US prosecutors allege he ‘told lies to generate demand’ for truck start-up’s stock
Short seller has dropped his latest bombshell by targeting blank cheque darling DraftKings
US regulator is examining start-up’s plans to raise new capital from investors
Trevor Milton offloaded stock while electric truck start-up faces investigations
Electric vehicle start-up plans on using funds to build a factory in Phoenix and develop semi-trucks
Description of the Tre as being ‘light as comparable diesels’ disappeared from electric vehicle maker’s website
Law firm hired by electric truckmaker lists nine inaccurate statements by founder Trevor Milton
We’re counting down our top-10 topics of the year
Main outputs at the moment are glossy PR and optimistic profit projections
Allegations about the founder’s business practices and personal life continue to raise due diligence concerns in the truck start-up
Truckmaker kills off Badger pick-up project and will have to reimburse customer deposits
Without a partner to shoulder some of the production risk, the uphill struggle just got steeper
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