They are going to get him good
View: https://www.youtube.com/watch?v=88fWUZhYb04
In September 2020, the company was under investigation by the Securities and Exchange Commission and the Department of Justice over securities fraud allegations.[7][8][9] In July 2021, a United States federal grand jury returned an indictment against founder and former CEO Trevor Milton, but not against the company. The indictment charged Milton with three counts of criminal fraud—for "lying about 'nearly all aspects of the business'"—and two counts of securities fraud. Publicly traded shares in Nikola dropped and traded at ~US$12[4] after falling from over $65 in mid-2020, a point at which the company market valuation had exceeded that of the Ford Motor Company.
Nikola was founded by Trevor Milton[11] in 2014[12] in Salt Lake City, Utah.[13][14]
As of 2016, the first 5,000 Nikola One hydrogen-powered glider trucks were slated to be built by Fitzgerald Glider Kits in Byrdstown, Tennessee (gliders are truck vehicle platforms without engines).[15] In March 2019, Nikola acquired a 389-acre parcel of land in Coolidge, Arizona, for $23 million, with future state and local tax breaks. Nikola said in 2019 that they expected truck factory construction to start in 2020, truck construction in 2021, and the fabrication of 35–50,000 trucks per year by 2023.[16]
In February 2019, Mark Russell was hired as company president. Russell had most recently been President and CEO of Nikola Corporation's investor, Worthington Industries. [17]
In April 2019, Nikola held the Nikola World event in Scottsdale, Arizona. The two-day midweek event included a public demo day to show off the Nikola Two truck, the Nikola Tre truck, the Nikola NZT UTV, and the Nikola WAV watercraft
In September 2020, the company was under investigation by the Securities and Exchange Commission and the Department of Justice over securities fraud allegations.[7][8][9] In July 2021, a United States federal grand jury returned an indictment against founder and former CEO Trevor Milton, but not against the company. The indictment charged Milton with three counts of criminal fraud—for "lying about 'nearly all aspects of the business'"—and two counts of securities fraud. Publicly traded shares in Nikola dropped and traded at ~US$12[4] after falling from over $65 in mid-2020, a point at which the company market valuation had exceeded that of the Ford Motor Company.
Nikola was founded by Trevor Milton[11] in 2014[12] in Salt Lake City, Utah.[13][14]
As of 2016, the first 5,000 Nikola One hydrogen-powered glider trucks were slated to be built by Fitzgerald Glider Kits in Byrdstown, Tennessee (gliders are truck vehicle platforms without engines).[15] In March 2019, Nikola acquired a 389-acre parcel of land in Coolidge, Arizona, for $23 million, with future state and local tax breaks. Nikola said in 2019 that they expected truck factory construction to start in 2020, truck construction in 2021, and the fabrication of 35–50,000 trucks per year by 2023.[16]
In February 2019, Mark Russell was hired as company president. Russell had most recently been President and CEO of Nikola Corporation's investor, Worthington Industries. [17]
In April 2019, Nikola held the Nikola World event in Scottsdale, Arizona. The two-day midweek event included a public demo day to show off the Nikola Two truck, the Nikola Tre truck, the Nikola NZT UTV, and the Nikola WAV watercraft
