Close Menu
Technology Mag

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    8BitDo’s new collection celebrates the NES’s 40th anniversary

    October 18, 2025

    TiVo won the court battles, but lost the TV war

    October 18, 2025

    Motorola’s Razr Ultra and the Marshall Emberton II top this week’s best deals

    October 18, 2025
    Facebook X (Twitter) Instagram
    Subscribe
    Technology Mag
    Facebook X (Twitter) Instagram YouTube
    • Home
    • News
    • Business
    • Games
    • Gear
    • Reviews
    • Science
    • Security
    • Trending
    • Press Release
    Technology Mag
    Home » Nikola founder Trevor Milton sentenced to four years in prison in EV truck fraud case
    News

    Nikola founder Trevor Milton sentenced to four years in prison in EV truck fraud case

    News RoomBy News RoomDecember 18, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Email

    Trevor Milton, the founder and former CEO of electric truck company Nikola, was sentenced to four years in prison after a jury found him guilty of misleading investors about the company’s technology. Milton was also ordered to pay a $1 million fine.

    Federal prosecutor said Milton had lied about Nikola’s capabilities, including an assertion that it had built its own electric truck, the Nikola One, from the “ground up.” They also accused him of staging a video that purportedly showed its Nikola One semi driving under its own power when it was actually rolling down a hill.

    During the sentencing hearing, Milton made several bizarre statements. He claimed that his resignation from Nikola was not a result of the fraud allegations but because his wife had an illness. He also said he was a quarter Cherokee and was emotional recounting “ethnic cleansing” against the tribe.

    Federal prosecutor said Milton had lied about Nikola’s capabilities

    Founded in 2015, Nikola staked out a unique position in the buzzy EV space by claiming it would make zero-emission big rigs using hydrogen fuel cell technology. The company scored a huge win in 2020 when General Motors announced plans to acquire an 11 percent equity stake. The automaker also said it would help Nikola engineer and manufacture its battery-electric and hydrogen fuel cell vehicles, including the Badger pickup truck.

    But less than a week later, short-selling firm Hindenburg Research published a bombshell report accusing Nikola of fraud, including the video showing the truck rolling down a hill. The report set off a chain reaction that resulted in Milton’s stepping down as board chair and CEO and his eventual arrest.

    In addition to staging the video, Milton was accused of falsely claiming to produce his own hydrogen fuels at below-market rates and obtaining “billions and billions and billions and billions” of dollars’ worth of committed truck orders.

    Nikola One semi truck.
    Photo: Nikola Corporation

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Email
    Previous ArticleAcura opens up reservations for all-electric ZDX SUV
    Next Article The Best Bluetooth Speakers to Take Your Tunes Anywhere

    Related Posts

    8BitDo’s new collection celebrates the NES’s 40th anniversary

    October 18, 2025

    TiVo won the court battles, but lost the TV war

    October 18, 2025

    Motorola’s Razr Ultra and the Marshall Emberton II top this week’s best deals

    October 18, 2025

    The future I saw through the Meta Ray-Ban Display amazes and terrifies me

    October 18, 2025

    Facebook’s new button lets its AI look at photos you haven’t uploaded yet

    October 17, 2025

    AI can’t even turn on the lights

    October 17, 2025
    Our Picks

    TiVo won the court battles, but lost the TV war

    October 18, 2025

    Motorola’s Razr Ultra and the Marshall Emberton II top this week’s best deals

    October 18, 2025

    The future I saw through the Meta Ray-Ban Display amazes and terrifies me

    October 18, 2025

    Don’t Fall for Sketchy iPhone VPNs—Here Are the Only 3 You Should Use

    October 18, 2025
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    • YouTube
    • Vimeo
    Don't Miss
    News

    Facebook’s new button lets its AI look at photos you haven’t uploaded yet

    By News RoomOctober 17, 2025

    Meta has rolled out an opt-in AI feature to its US and Canadian Facebook users…

    AI can’t even turn on the lights

    October 17, 2025

    Pokémon Legends: Z-A Rotom Phone review: better camera, higher jumps

    October 17, 2025

    Amazon’s Ring now works with video surveillance company Flock

    October 17, 2025
    Facebook X (Twitter) Instagram Pinterest
    • Privacy Policy
    • Terms of use
    • Advertise
    • Contact
    © 2025 Technology Mag. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.