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The Latest Breaking News from Trevor Milton

Hindenburg Research, Which Shook Empires Like Nikola and Adani, Announces Shutdown

Founder Nathan Anderson said Hindenburg's intense work had taken a toll on his personal life, and while there were no specific reasons for the closure, the plan had always been to shut down the firm after completing their current projects.

International Business Times

Can Nikola Stock Survive a Trump Presidency? Here’s the Good, Bad, and Ugly.

Nikola stock has been falling to new lows and trades at a fraction of its all-time highs. Here's the forecast for NKLA as Donald Trump takes office in 2025.

Barchart

Nikola Stock 2025 Forecast: Will NKLA Go Bankrupt, or Become a Multibagger?

Nikola stock trades at a fraction of its 2020 highs, and has been in a freefall. Here's the 2025 forecast for the stock, and a look at whether the company risks going bankrupt, like so many other startup companies in the EV space.

Barchart

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EV Startups Are Finally Running Out Of Cash

Today on Critical Materials: EV startups are feeling strapped for cash, Biden's CARS Act could reshape ICE powertrains, and Trevor Milton sentenced to prison.

InsideEVs

Adobe-Figma $20B acquisition is the latest casualty of anticompetitive regulators

More and more, private market investors are seeing their paths to exit dry up.

Fortune

4 years in prison for Nikola Corp founder for defrauding investors on claims of zero-emission trucks

The founder of Nikola Corp. has been sentenced to four years in prison for his conviction for exaggerating claims about his company's production of zero-emission 18-wheel trucks

The Independent UK

Lawyers insist Nikola founder shouldn't face prison time for fraud — unlike Elizabeth Holmes

Lawyers for the founder of truckmaker Nikola Corp. say he should not face incarceration because his criminal conviction is nothing like what landed Theranos founder Elizabeth Holmes in prison

The Independent UK

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Nikola CEO Steps Down Amid Management Shuffle

Chairman Girsky takes over as beleaguered electric truckmaker reports Q2 earnings

Zenger

Nikola: Where is This Volatile EV Stock Headed?

Nikola stock has jumped five-fold from its 2023 lows amid short covering and some positive developments. Should you buy or sell the stock now?

Barchart

Multiple Nikola Tre BEV Trucks Caught On Fire In Phoenix

The cause of the fires is still unknown, but Nikola said that it suspects foul play as a vehicle was seen in the area of the affected trucks before the incident.

InsideEVs

Nikola Faces Weak Demand And Founder Dispute Amid Test Runs

EV manufacturer Nikola Corp conducts test runs of its hydrogen-powered fuel cell truck and trailer amid investor urgency and delisting threat.

Zenger

30 under 30-year sentences: why so many of Forbes’ young heroes face jail

Ex-CEO Charlie Javice, 31, is just the latest from the magazine’s list to see criminal charges

The Guardian - US

Jack Dorsey's Block is the latest company targeted by a notorious short-seller

The short-seller put out an accompanying report, alleging that Block's Cash App has inflated user counts and consorted with criminals.

Fortune

How Asia's ex-richest man lost nearly $50 billion in just over a week

Indian businessman Gautam Adani was a few billion dollars shy of Elon Musk. But he tumbled down the billionaires' list after a U.S. firm accused the Adani Group of pulling off an epic con.

WEKU

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The Independent UK

What is Hindenburg Research, firm accusing Adani of fraud?

Hindenburg Research is a financial research firm with an explosive name and a track record of sending the stock prices of its targets tumbling

The Street

Asia's Richest Man's Stock Market Bloodbath Continues

Indian billionaire Gautam Adani sees his conglomerate lose tens of billions of dollars in three trading sessions.

The Street

Billionaire Adani Hit by Short-Seller's Fraud Allegations

The Indian executive's company faces a critical report from a firm famed for betting that stock prices will drop. His company shot right back.

Crikey

From Theranos to FTX, a corporate fraud tidal wave is starting to crash

There are few fraud victims while markets are green, but during a global economic downturn, misdeeds and subterfuge rise to the surface.

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Benzinga

News Corp and Fox Corp's Possible Consolidation, Faster Lead Times For iPhone 14 Models, Kanye West Buys Conservative Social Media Platform, Twitter Prepares Tackling Spread Of Misinformation: Top Stories Monday, Oct. 17

Wall Street Journal Rupert Murdoch Explores News Corp and Fox Corp Consolidation

InsideEVs

Nikola Founder Trevor Milton Convicted On Three Counts Of Fraud

Trevor Milton has been found guilty on three out four charges of fraud and now faces up to 20 years in prison.

Benzinga

Tesla Buyback Chatter Grows Louder Amid Stock Weakness, Lucid Weathers Supply Constraints In Q3, Nikola's Trevor Milton Convicted Of Fraud And More: The Week's Biggest EV Stories

Electric vehicle stocks came under selling pressure in the week ended Oct. 15, dragged by the broader market weakness. Market leader Tesla Inc.

Tribune News Service

Nikola founder Trevor Milton guilty of defrauding investors

Nikola Corp. founder Trevor Milton was convicted of fraud for misleading investors in the electric truck company, a stunning downfall for the door-to-door salesman turned billionaire who promised to revolutionize the auto industry.

AFP

Ex-head of US electric truck firm found guilty of fraud

New York (AFP) - The former head of Nikola, a start-up making electric- and hydrogen-powered trucks, was found guilty of fraud on Friday for misleading investors about his company's alleged progress and capabilities in order to raise more money.

The Street

Nikola Founder's Trial Proves Tesla Rival Built on Web of Lies

It turns out that rolling a truck down a hill is not actually proof that your electric vehicle (EV) works.

WEKU

The founder of a zero-emission truck venture is found guilty of fraud

Trevor Milton, the wealthy founder of Nikola Corp., was convicted of deceiving investors with exaggerated claims about his company's progress in producing zero-emission 18-wheel trucks.

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