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Tesla-rival Nikola's founder faces new charge over ranch purchase
short by Aishwarya Awasthi / on Thursday, 23 June, 2022
Tesla-rival Nikola's billionaire Founder Trevor Milton, who is already facing fraud charges, is facing a new charge related to buying a Utah ranch, a purchase he paid for in part with an option to buy Nikola stock. As per the complaint, Milton misrepresented the state of Nikola's business to convince the seller to accept an option to buy Nikola stock.
read more at Reuters