Nikola Founder on Trial for Lying to Investors

The video discusses the trial of Nikola's founder, who is accused of misleading investors about the company's capabilities and products. The prosecution claims he lied about Nikola's progress and technology, while the defense argues he believed his statements and that information was publicly available. The trial focuses on whether his comments influenced investors, particularly retail ones. The defense also highlights that Milton was part of the marketing strategy, suggesting the prosecution's case is a targeted attack.

What is the main accusation against Nikola's founder in the trial?

• Tax evasion

• Insider trading

• Lying to investors about company products

• Embezzling company funds

What mechanism did many EV companies, including Nikola, use to go public?

• Initial Public Offering (IPO)

• Reverse Merger

• Direct Listing

• Special Purpose Acquisition Company (SPAC)

According to the defense, why did the founder not lie about Nikola's business?

• He believed in the truth of his statements

• He was unaware of the company's actual progress

• He was misled by the legal team

• He was following orders from the board

What must the prosecution prove to establish the founder's guilt?

• That the founder's statements directly influenced investors

• That the founder personally profited from the lies

• That the founder had a criminal record

• That the founder was the sole decision-maker

What was the defense's claim regarding the prosecution's actions?

• The prosecution was biased against EV companies

• The prosecution was conducting a personal vendetta

• The prosecution had insufficient evidence

• The prosecution was responsible for the founder's resignation