Nikola admits to creating “inaccurate” statements underneath disgraced founder

A prototype of the Nikola Tre battery electric truck.

Enlarge / A prototype of the Nikola Tre battery electrical truck. (credit score: Nikola)

Aspiring electrical truck maker Nikola has admitted to the Securities and Trade Fee that 9 statements made by founder Trevor Milton have been “inaccurate.” Milton was pressured to resign from Nikola in September, shortly after the falsehoods first got here to mild.

Between 2016 and 2020, Milton instructed a sequence of whoppers about his fledgling truck maker. At a 2016 press occasion, Milton took to the stage to unveil a prototype of the corporate’s first truck, dubbed the Nikola One. Through the occasion, Milton claimed that the truck “absolutely features.” In actuality, Nikola by no means obtained the truck to maneuver underneath its personal energy.

Nikola’s most notorious flimflam got here in 2018, when the corporate launched a video of the Nikola One “in movement.” In actuality, Nikola had towed the inoperative truck to the highest of an extended, shallow incline and rolled it down, angling the digital camera in order that it seemed prefer it was driving on stage floor.

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