Trevor Milton Pardoned by Trump

This is a news story, published by CNBC, that relates primarily to Milton news.

Milton news

For more Milton news, you can click here:

more Milton news

News about Us political corruption

For more Us political corruption news, you can click here:

more Us political corruption news

CNBC news

For more news from CNBC, you can click here:

more news from CNBC

About the Otherweb

Otherweb, Inc is a public benefit corporation, dedicated to improving the quality of news people consume. We are non-partisan, junk-free, and ad-free. We use artificial intelligence (AI) to remove junk from your news feed, and allow you to select the best politics news, business news, entertainment news, and much more. If you like this article about Us political corruption, you might also like this article about

presidential pardon

. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest presidential pardons news, Nikola shareholders news, news about Us political corruption, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!

Nikola founder Trevor Milton

CNBC

•

US Politics

Nikola founder Trevor Milton says Trump pardoned him in securities fraud case

Summary

Nutrition label

79% Informative

Nikola Corp. founder Trevor Milton says President Donald Trump has pardoned him.

Milton was convicted in October 2022 of crimes related to defrauding investors with misrepresentations about the success of the electric and hydrogen-powered truck maker.

Nikola filed for Chapter 11 bankruptcy protection in February .

Milton , 42 , was sentenced in December 2023 to four years in prison, but has been free pending appeal of conviction.

Nikola filed for Chapter 11 bankruptcy protection in February .

Nikola makes primarily all-electric and fuel cell electric semi-trucks.

The company had only sold 600 vehicles since 2022 , as of its most recent third quarter .

The collapse of Nikola comes just five years after it hit a $30 billion market capitalization.

VR Score

Informative language

Neutral language

Article tone

semi-formal

Language