#Nikola founder Trevor Milton charged with fraud, lying to investors

#Nikola founder Trevor Milton charged with fraud, lying to investors

“#Nikola founder Trevor Milton charged with fraud, lying to investors” Trevor Milton, the founder of electric-truck startup Nikola, was indicted Thursday on charges of securities fraud for lying to investors about “core aspects” of the business. The US Attorney’s Office in Manhattan accused Milton, who resigned as chairman of Nikola in September, with misleading investors,…

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#Elon Musk bashes Apple, journalists and critics amid Tesla profits

#Elon Musk bashes Apple, journalists and critics amid Tesla profits

“#Elon Musk bashes Apple, journalists and critics amid Tesla profits” Elon Musk slammed press coverage of Tesla crashes that may have involved its “autopilot” feature, pushed back on child-labor concerns and even took multiple digs at Apple after the electric car maker reported record results. Tesla late Monday released its second-quarter earnings, which showed that…

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#Tesla cruises past estimates, reports electrifying quarter

#Tesla cruises past estimates, reports electrifying quarter

“#Tesla cruises past estimates, reports electrifying quarter” Electric-car maker Tesla on Monday beat Wall Street expectations for second-quarter profit and revenue as record deliveries offset the impact of a prolonged global shortage of chips and raw materials. Shares of the world’s most valuable automaker closed up 2.2 percent, at 657.62, and rose to 667.01 in extended trading….

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#GM recalling Chevy Bolt EVs again after vehicles catch fire

#GM recalling Chevy Bolt EVs again after vehicles catch fire

“#GM recalling Chevy Bolt EVs again after vehicles catch fire” General Motors on Friday issued the second recall in less than a year for its 2017-2019 Chevy Bolt EVs after some of the cars that had already been repaired still erupted into flames. Officials with GM and LG, which supplies the electric car’s battery cells, have identified…

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#Lordstown Motors discloses Justice Department probe, SEC subpoenas

#Lordstown Motors discloses Justice Department probe, SEC subpoenas

“#Lordstown Motors discloses Justice Department probe, SEC subpoenas” Lordstown Motors, an Ohio company under scrutiny over the number of orders it claimed it had for the electric trucks that it wants to produce, acknowledged receiving two subpoenas from federal regulators and that prosecutors in New York have opened an investigation. The Securities and Exchange Commission…

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