The owner of a Florida trucking and logistics company has been convicted for his role in a three-year truck investment Ponzi scheme that bilked investors out of $112 million.
The U.S. Securities and Exchange Commission has charged two more Florida executives with participating in a truck investment venture that allegedly bilked investors out of $112 million.
Troubled electric pickup truck maker Lordstown Motors reportedly is the subject of a Justice Department probe, according to multiple media reports.
Nikola Corp. founder Trevor Milton can sell his 92 million shares on Monday, creating a glut of stock that could drive the already volatile share price lower.
The vote to complete a reverse merger for commercial electric pickup startup Lordstown Motors is set for Oct. 22 amid greater than run-of-the-mill business risks.
As Nikola’s talks continue with General Motors to preserve a supply deal for batteries and fuel cells, evidence is mounting that the Nikola Badger electric pickup associated with departed founder Trevor Milton may become roadkill.
Nikola founder Trevor Milton’s departure from the company “was not a termination,” the company said in a federal securities filing. And while Milton remains a billionaire on paper, he gives up a lot in leaving the startup electric truck maker.
Nikola’s 700-station hydrogen fueling network will use solar, nuclear or whatever clean energy is cheapest. Some locations will require truck delivery because electricity costs too much to make hydrogen on-site.
Owners of low-priced warrants for new shares and pre-merger discount buyers registered to cash out of electric truck startup Nikola leading to an after hours selloff on Friday, July 17.
Amazon acknowledged in 2017 that it had reported apparent violations to U.S. Treasury.
Nikola Corp. filled VectoIQ’s $230 million public shell company after former Wall Street analyst and General Motors executive Steve Girsky shopped more than 100 smart transportation companies and signed 75 nondisclosure agreements and six letters of intent.
CEO Paul Svindland calls settlement “milestone” in path to stability after hit from financial scandal.
D.C. to Baltimore in 15 minutes could help advance hyperloop technology for cargo.
