Thursday, 29 July 2021 19:24

Nikola Founder Trevor Milton Indicted on 3 Counts of Fraud

Written by Simon Alvarez, Teslarati


...comment on the indictment, though Nikola has stated it has “cooperated with the government throughout the course of its inquiry.” 


The hydrogen trucking company, which is looking to launch a battery-electric truck later this year, highlighted the grand jury’s indictments are against Trevor Milton, not against Nikola Motor itself. It should be noted in February, Nikola said its internal investigations revealed Milton issued a number of inaccurate statements from 2016 all the way to the company’s IPO last year. 


“We remain committed to our previously announced milestones and timelines and are focused on delivering Nikola Tre battery-electric trucks later this year from the company’s manufacturing facilities,” Nikola said. 


Quotes courtesy of CNBC


We thank Teslarati for reprint permission.


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