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Nikola Shares Hit New Low as Trevor Milton Continues Defense Against Fraud Accusations

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Summary
Nutrition label

79% Informative

Nikola's market capitalization has dropped from $30 billion in mid-2020 to $65 million .

Trevor Milton was found guilty in October 2022 on two counts of wire fraud and one count of securities fraud.

He was sentenced to four years in prison in December 2023 for defrauding investors in the electric- and hydrogen-powered truck maker.

Nikola has not reported its production and sales figures from the last quarter .

VR Score

75

Informative language

70

Neutral language

67

Article tone

formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

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