Nikola: Former executive chairman misled investors numerous times

In a filing late Thursday with the Securities and Exchange Commission, Nikola acknowledged seven “inaccurate” statements that Milton, who left the company in September, allegedly made between July 2016 and July 2020 about the company’s progress developing electric and hydrogen-powered trucks. It also listed two other statements attributed to the company during that time when Milton was executive chairman. The statements listed in the filing had all been mentioned among allegations made in a September short seller report by Hindenburg Research. Nikola acknowledged, in the filing, that the statements listed “were inaccurate in whole or in part, when made.” Milton and other Nikola executives have already received federal

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