Founder and Former CEO of Nikola Motor Company Was Found Guilty of Fraud
Posted on 10/17/2022
Electric vehicle makers took full advantage of easy money during the SPAC boom. Retail investors bet heavily on these EV companies, betting on their potential dominance. Some controversial EV companies that went public include Nikola Corporation, Lordstown Motors, and Rivian Automotive. On October 14, 2022, a federal jury in Manhattan convicted Nikola Corporation (Nikola Motor…
