Nikola settles with SEC for $125M

Nikola Corporation has agreed to pay the Securities and Exchange Commission (SEC) US$125 million over the next two years, ending government investigations into the upstart truck maker. The settlement comes as Nikola founder Trevor Milton faces three counts of fraud for misleading investors about technologies and sales projects for battery-electric and fuel-cell-electric trucks. The U.S. […]
Source: Truck News

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