Trevor Milton, ex-CEO of electric truck maker Nikola, begins fraud trial

Trevor Milton, the founder and former CEO of electric truck maker Nikola, is standing trial on federal charges of wire and securities fraud starting Monday after allegedly misleading investors about the company’s technological and production capabilities.
Nikola is among many electric vehicle startups that have struggled financially and operationally since going public via a special purpose acquisition merger (SPAC); Nikola merged with VectoIQ in June 2020 with a $29 billion valuation. Milton’s trial serves as a warning to risk-loving investors who would throw money at a company be

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