Good morning! It’s Tuesday, December 19, 2023, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. The Hype Behind Tesla Stock Success In 2023 1st Gear: Nevada Tesla Factory Workers Get Pay Raise Tesla … Read more
Trevor Milton, the founder of electric- and hydrogen-powered truck maker Nikola, has been sentenced to four years in prison after a jury last year found him guilty of lying to investors about the company’s technology.According to a report by news agency Reuters, Federal prosecutors in Manhattan charged Milton on three counts of fraud.One that Milton … Read more
Photo: Nikola (Getty Images) Federal prosecutors stated that Nikola founder Trevor Milton will likely receive an 11-year prison sentence for defrauding investors, Reuters reports. Milton was convicted last year on two counts of wire fraud and a count of security fraud. During the trial, prosecutors called Milton a “con man” and argued that he lied … Read more