NKLA - Nikola Stock Plummets As Former CEO Faces Trial Over Fraud
Nikola Corporation (NASDAQ:NKLA)
Nikola’s stock fell after it was revealed that Mr. Milton had made misleading statements regarding Nikola’s technology. According to the business, 500 Nikola battery-powered big vehicles might be delivered this year.
On Monday, the jury selection procedure for former Nikola Corporation (NASDAQ:NKLA) CEO Trevor Milton’s US fraud trial will begin in Manhattan. Milton is being probed for allegedly deceiving and misrepresenting investors about the technology behind the producer of hydrogen-powered vehicles starting in November 2019. He is also accused of scamming the Utah ranch seller, who agreed to include Nikola stock options in ...
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Nikola Stock Plummets As Former CEO Faces Trial Over Fraud