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1 min read

Founder of embattled electric truck startup Nikola charged with fraud

Trevor Milton stepped down from Nikola in 2020 after allegations of misleading investors rocked the…

Tim Levin,Reuters   


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1 min read

Inside the troubled past of billionaire Nikola founder Trevor Milton

Insider spoke with 38 people who have worked for Trevor Milton or interacted with him. Some said he…

Mark Matousek   


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2 mins read

Nikola agrees to pay $125 million to settle SEC charges the electric truck maker defrauded investors

Nikola said last month it had set aside that amount in anticipation of a potential settlement with …

Carla Mozée   


Isabella Jibilian   


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2 mins read

Nikola probe finds ousted founder Trevor Milton made several 'inaccurate' statements

Milton left the company in September 2020 after a short seller's scathing report accused him of "ma…

Tim Levin   


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4 mins read

How the Nikola Badger went from hotly anticipated Tesla Cybertruck competitor to bust in a matter of months

The Badger would have been the perfect Tesla Cybertruck rival, but now it's dead. Thus, the questio…

Kristen Lee   


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1 min read

Nikola falls 10% after its founder Trevor Milton is charged with fraud

Milton was indicted for allegedly lying about "nearly all aspects of the business," according to a …

Matthew Fox   


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3 mins read

Insider Transportation: Nikola founder faces sexual assault allegations, Ford shakes up C-suite, Trump's COVID-19 diagnosis threatens an airline recovery

Misconduct allegations go beyond Trevor Milton's companies. Also in the news: Trump's diagnosis may…

Alex Davies   


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2 mins read

A 2nd woman has reportedly accused Nikola Motors founder Trevor Milton of sexual assault

Two women have filed police reports against Milton, both accusing him of sexually abusing them when…

Tyler Sonnemaker   


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2 mins read

Nikola founder Trevor Milton bought semitruck designs instead of making them 'in his basement,' report says

The Nikola One semitruck is part of a $2 billion lawsuit with Tesla, in which Nikola said Tesla's d…

Kristen Lee   


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5 mins read

GM struck a nearly foolproof deal with Nikola — but Trevor Milton posed a bigger risk than anyone expected

GM's risk assessment might have underestimated Milton's entrepreneurial willingness to distort capa…

Matthew DeBord   


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3 mins read

Nikola founder Trevor Milton's resignation amid fraud allegations marks a swift fall after a years-long climb

Nikola's chairman resigned on Monday following allegations of fraud. Investigations are being condu…

Kristen Lee   


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2 mins read

Graham Rapier   


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2 mins read

Nikola publishes detailed rebuttal to short-seller's claims of deception — and admits it staged a promo video by rolling a truck down a hill

Nikola's stock regained some steam on Monday, erasing some of its heavy losses following brutal acc…

Graham Rapier   


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1 min read

Nikola threatens legal action against a short-seller who accused the electric truck startup and its founder of fraud

The short-seller on Thursday accused Nikola founder Trevor Milton of numerous lies in order to ink …

Graham Rapier   


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1 min read

Nikola's founder Trevor Milton is now an official member of Forbes' 400 billionaires list with a net worth of more than $5 billion

The public face of the electric truck maker has shelled out for a lavish Utah ranch, and donated mi…

Graham Rapier   


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4 mins read

Nikola's deal with GM shows off a new way to get electric vehicles to market — and it's completely different from how Tesla operates

Nikola recently announced a partnership with GM, while Fisker intends to work with Magna, the bigge…

Matthew DeBord   


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1 min read

Nikola's founder is donating $233 million worth of stock to the electric truck company's first employees

Trevor Milton, the de-facto social media face of the upstart electric truck maker, is giving away a…

Graham Rapier   


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Tesla competitor Nikola quietly discloses its only revenue source so far: building solar panels for its founder

The electric vehicle maker installed $36,000 worth of solar panels for executive chairman Trevor Mi…

Graham Rapier   


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1 min read

Nikola's stock-price target cut in half at Wedbush as the firm questions the electric automaker's ability to hit its ambitious forecasts

Shares of Nikola slipped 6.1% Monday morning as Wedbush reiterated its "neutral" rating for the ele…

Emily Graffeo