Nikola Founder Milton Charged With Misleading Investors

The video discusses the indictment of Trevor Milton, former executive chairman of Nicola, for making false statements about the company's technology and progress. It highlights specific instances, such as claims about hydrogen production and a non-operable truck. The video also explores the impact of these statements on retail investors and the subsequent legal proceedings. Despite Milton's influence, Nicola has distanced itself from the charges, emphasizing its cooperation with authorities.

What was Trevor Milton accused of regarding Nikola's technology?

• Reducing hydrogen production costs

• Successfully operating fuel cell trucks

• Making false claims about hydrogen production

• Producing hydrogen at market cost

How did Trevor Milton's statements affect retail investors?

• They sold their stocks immediately

• They were skeptical of his claims

• They ignored his statements

• They heavily relied on his words

What legal actions is Trevor Milton facing?

• Only a fine

• Only civil charges

• No legal actions

• Both criminal and securities charges

What was Nikola's stance on the charges against Trevor Milton?

• They fully supported him

• They claimed the charges were about Milton, not Nikola

• They denied any wrongdoing

• They refused to comment

How did Trevor Milton respond to negative reports about Nikola?

• He resigned immediately

• He ignored them

• He countered them with tweets

• He admitted to the allegations