Nikola Shares Are Tumbling After a Short Seller Called the Company Quote

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Nikola shares are tumbling after a short seller called the company quote, an intricate fraud built on dozens of lies. The founder and former executive chair of Nikola is now on trial in New York. He's charged with lying about the company's products to mislead investors and prop up the stock. Trevor Milton has hired quite a powerful defense team to represent him that included Brad Bondi,. Mark Mukasey represented former president Donald Trump as well as Eddie Gallagher, the Navy Seal who was acquitted of more crimes.

The bombastic founder of an electric truck startup (no, not Elon) has been convicted for his role in his company’s “intricate fraud.” But even without the crimes, getting EVs to market has proven a lot harder than everyone thought.

This episode was produced by Amanda Lewellyn, edited by Matt Collette, fact-checked by Laura Bullard with help from Miles Bryan and Haleema Shah, engineered by Paul Robert Mounsey and Efim Shapiro, and hosted by Sean Rameswaram.

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