technology

Tesla rival Nikola to pay $125 mn over Founders misleading statements

Tesla rival Nikola to pay $125 mn over Founders misleading statements

Tesla rival Nikola has agreed to pay $125 million to US SEC over allegedly misleading statements made by its Founder and former CEO Trevor Milton to investors about the electric-vehicle startup. Nikola is responsible both for Miltons allegedly misleading statements and for other alleged deceptions, all of which falsely portrayed the true state of the company, SECs enforcement director said..

technology 2021-12-21 Inshorts