Trevor Milton

Short seller Jim Chanos expressed disbelief Thursday following news that former Nikola Corp. (NASDAQ:NKLA) founder Trevor Milton had received a full and unconditional pardon from former President Donald Trump. "Please tell me this is a hoax," Chanos wrote on X, reacting to the decision. What...

Shares of Adani group companies rose and added over $5.9 billion to investor wealth on Thursday, following the shutdown of the short-seller Hindenburg Research, as announced by its founder Nathan Anderson in a farewell note on Wednesday. What Happened: Around ten listed companies owned by the...

Nikola Corporation (NASDAQ:NKLA) shares are trading slightly higher Monday. The company announced shareholders approved all proposals at the Annual Meeting, including the reverse stock split. The Details: Though shareholders approved all proposals, the company still faces headwinds. On Friday,...

Trevor Milton, the convicted founder of EV truck maker Nikola Corp (NASDAQ:NKLA), said on Friday that he filed a multi-billion derivative lawsuit against the company’s present chief legal officer Britton Worthen, and its directors. What Happened: Milton announced the lawsuit via the social...

Nikola Corp (NASDAQ: NKLA) founder Trevor Milton is set to serve time in prison on federal charges after a jury found him guilty of misleading investors. What To Know: Milton on Monday was sentenced to four years in prison following a fraud conviction in which a jury decided that he lied...

Prosecutors are reportedly seeking an 11-year prison sentence for Trevor Milton, the convicted founder of Nikola Corp (NASDAQ:NKLA).  What Happened: Milton is set to be sentenced on Dec. 18, and prosecutors are advocating for a substantial sentence in line with the...

Convicted founder of electric truck maker Nikola Corp (NASDAQ:NKLA) Trevor Milton, is reportedly making a bid to avoid jail time, with his legal counsel asserting that Milton’s case doesn’t align with that of Theranos founder Elizabeth Holmes, who was also convicted for fraud. What...

Most major electric vehicle stocks declined in the week that ended on Oct. 27 amid the broader market weakness, with EV leader Tesla, Inc. (NASDAQ:TSLA) extending its lean patch. The space could see some volatility in the near term, as EV companies are set to begin rolling out their third-quarter...

After a complex Q2 report, the departure of its CEO, and approval for issuing new stock, shares of Nikola Corporation (NASDAQ:NKLA) fell by more than 26% on Friday. This triggered an interesting reaction from Elon Musk. What Happened: In its second-quarter earnings report, beleaguered electric...

Electric truck maker Nikola Corp (NASDAQ:NKLA) wrapped up its second day of test road trips on Thursday amid weak demand and a founder dispute.  What Happened: The EV manufacturer conducted test runs of its hydrogen-powered fuel cell truck and trailer, with CEO Michael...

Hindenburg Research LLC is a short seller known for exposing fraud. Currently, it is in the news for its scathing report on India’s Adani Group, accusing it of stock manipulation and accounting fraud. The Nathan Anderson-founded company sniffs out accounting regularities, iffy...

Hydrogen and electric vehicle company Nikola Corporation (NASDAQ: NKLA) announced the launch of a new brand and provided several company updates after market close. Here are the highlights. What Happened: Nikola announced the launch of a new hydrogen energy brand called “HYLA”...

Nikola Corp (NASDAQ: NKLA) founder Trevor Milton was convicted of fraud over allegations that he lied to its investors about the company's technical achievements. What Happened: A federal jury convicted Milton of one count of securities fraud and two counts of wire fraud. He may...

A video of a truck from Nikola Corp (NASDAQ: NKLA) became the talk of the financial world after a short report questioned if the truck was actually driving. Nikola later admitted the truck was rolling downhill. The famous video will be a piece of evidence in the upcoming trial of the founder...

Nikola Corporation (NASDAQ: NKLA) founder Trevor Milton has quietly purchased shares of the Phoenix-based electric vehicle company ahead of his September fraud trial. What Happened: Milton, who was indicted on fraud charges in July 2021, resigned as CEO amid allegations that he made false...