Nikola

(Newser) - President Trump has issued another high-profile pardon : that of Trevor Milton, the founder of the bankrupt electric vehicle company Nikola. The 42-year-old Milton had been sentenced to four years in prison—though he was out pending appeal—after being convicted of fraud, reports the Wall Street Journal . Prosecutors say he...

(Newser) - Troubled hydrogen truck maker Nikola has filed for Chapter 11 bankruptcy protection, months after saying that it would likely run out of cash early this year. Nikola was a hot startup and rising star on Wall Street before becoming enmeshed in scandal and seeing its founder convicted in 2022 for...

(Newser) - Electric and hydrogen-powered truck startup Nikola secured a $2 billion partnership with General Motors earlier this month—and lost its founder two weeks later amid swirling accusations about an "intricate fraud" allegedly carried out by the company. Trevor Milton, who also served as the executive chair, stepped down Monday...