Head of zero-emission truck venture Nikola found guilty of fraud
The founder of Nikola Corp. is found guilty of duping investors with exaggerated claims about his company’s production of zero-emission 18-wheel trucks.
Source: latimes.com
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Struggling Electric-Truck Maker Nikola Makes a Major Change
Electric-truck manufacturer Nikola, like the broad vehicle industry, has been struggling with supply-chain issues.
Source: thestreet.com
Nikola Reports Fourth Quarter Results Amid Legal Battle
Nikola Reports Fourth Quarter Results Amid Legal Battle Posted on 3193 Nikola Corp (NASDAQ: NKLA) reported losses Thursday in its fourth quarter earnings, claiming it is strengthening its “core business” with battery and fuel-cell electric heavy-duty trucks. Furthermore, shares fell after the company admitted its former chairman and founder, Trevor Milton, had made various false statements starting in 2016 through its IPO in 2020, which misinformed investors. “The pandemic has caused significant supply chain disruptions,” C...
Source: financialbuzz.com