When electric vehicles seem too good to be true

Last week began the fraud trial of Trevor Miltonfounder and former CEO of an electric vehicle startup Nicholas. The government alleges that it misled retail investors about Nikola’s technology. He has pleaded not guilty, but the evidence in the government’s 49-page indictment will be hard to refute.

To take an example from the indictment, Mr Milton in 2017 ordered an unserviceable prototype of a hydrogen fueled tractor-trailer towed to the top of a hill to record a promotional video. The brakes were then released and the truck rolled down the hill. The truck’s door was taped during filming to prevent it from falling, and the batteries were removed to prevent it from catching fire.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button