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  1. News from Drive Tesla Canada
    Nikola settles with US SEC for $125 million On Tuesday, Nikola settled with the US Securities and Exchange Commission (SEC) over federal security law violations. The company will pay a penalty of $125 million. The SEC noted that Nikola violated the federal securities law's antifraud and...
  2. News from Drive Tesla Canada
    Nikola founder Trevor Milton seeks to dismiss two counts of his indictment Founder of Nikola Corp, Trevor Milton, is hoping a federal judge will throw out two of three indictments accusing him of misleading investors. Milton filed multiple motions to dismiss charges on Wednesday, noting issues...
  3. News from Drive Tesla Canada
    Trevor Milton has cashed out $284 million of Nikola (NKLA) stock since being charged with fraud Even though he was forced to resign earlier this year, Trevor Milton was able to retain his shares in the company he founded, Nikola Corp. It turns out that was a good deal. Milton has now cashed...
  4. News from Drive Tesla Canada
    Trevor Milton loses bid to move or dismiss criminal fraud case Nikola Motors founder and former CEO Trevor Milton was in a New York court on Monday in an attempt to have his criminal fraud case dismissed. Milton's legal team was also hoping to have the case moved out of New York to Arizona or...
  5. News from Drive Tesla Canada
    Nikola sets aside $125 million to pay SEC for Trevor Milton's misdeeds Nikola Corp. is expecting to pay a lot of money to the U.S. Securities and Exchange Commission (SEC) to settle the ongoing case against founder Trevor Milton. On Thursday the company announced it has reserved $125 million...
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