Tag: Trevor Milton


Nikola Founder Trevor Milton Charged With Lying to Investors

July 29, 2021

Via: The Wall Street Journal

Trevor Milton, the founder of Nikola Corp. and onetime executive chairman of the electric-truck startup, was indicted Thursday on securities-fraud charges for what prosecutors said was a scheme to mislead investors about the company’s product and technology development. Mr. Milton […]

Industry Focus Areas, Motorized Vehicle

Nikola founder Trevor Milton can sell his 91.6 million shares starting Tuesday as insider lockup period expires

December 1, 2020


Ousted Nikola founder and Chairman Trevor Milton is the company’s largest shareholder with more than a fourth of the start-up’s shares, and he can sell all of them beginning Tuesday. Milton, who disappeared from the public eye and deleted all […]

Industry Focus Areas, Motorized Vehicle

Nikola shares rise after company reconfirms strategy following founder Trevor Milton’s resignation

September 30, 2020


Nikola shares jumped by about 5% in morning trading after the embattled electric truck start-up reconfirmed its business plans and production targets following founder and former Executive Chairman Trevor Milton’s resignation last week. The company said it “remains committed to […]

Industry Focus Areas, Motorized Vehicle

Nikola shares open at lowest price since its public debut after company founder Trevor Milton resigns

September 21, 2020


Shares of Nikola opened Monday at their lowest price since the company went public June 4 after company founder and Executive Chairman Trevor Milton announced his resignation overnight. The stock was down as much as 30% in premarket trading before […]