- Legal risk is generally high with NKLA, as one of its founders, Trevor Milton, was charged with three counts of criminal fraud for manipulating the company's sales.
- Future projects involving manufacturing facilities appear to be irrelevant if there are no real trucks to produce.
- Trevor Milton entered a not guilty plea and was released on bail following his fraud arrest, indicating the possibility of a more intensive investigation and the involvement of additional names.
- There is nothing new to anticipate, except for the hype surrounding the production facility and further dilution of a stock as a result of funding such production.
For further details see:
Nikola Corp. Facing A Barrage Of Negative Sentiments