Trevor Milton, the founder of electric-truck company Nikola, is facing fraud charges in a New York court. Prosecutors allege he lied to investors about the company’s technology, but his lawyers call it a case of a founder voicing their hopes for the company. But the trial could have ramifications beyond Nikola and its founder.
WSJ reporter Ben Foldy joins host Zoe Thomas to lay out the issues and why it could matter for startups looking to go public.
https://www.wsj.com/articles/nikola-founder-faces-securities-fraud-trial-over-promises-about-electric-trucks-11662894001?st=fkz5r5hpi2ptd89&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/dueling-portraits-of-nikola-founder-trevor-milton-presented-at-securities-fraud-trial-11663092466?st=l09i2nohgmqkz8j&reflink=desktopwebshare_permalink
Photo: Massimo Pinca / Reuters
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