Nikola Totally Lied About Its Badger EV Having Nikola Parts, GM Engineer Says In Court | Carscoops carscoops
The automaker also took $5,000 down payments for the Badger in June 2020, before it had a prototype or plans to manufacture the pickup truck. Public discussions of the truck,These false claims, and others about the Nikola’s success at slashing the cost, led investors to put more money into the company than they would have otherwise done. Joseph Ryan, another witness called by federal prosecutors, testified that he invested based on these claims and that it cost him around $160,000.
Milton’s defense team, meanwhile, argues that his words, meanings, and intentions have been distorted. Nikola’s current CEO, Mark Russel, isn’t helping the defense’s case, though, because he testified that Milton “was prone to exaggeration in public statements,” reports theIf the defense team fails to convince the jury, Milton could face a maximum prison term of 25 years.
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