Nikola stock surges 9% after disgraced founder Trevor Milton ordered to repay $165 million
Publishing timestamp: 2023-10-24 16:35:58
Summary
An arbitration panel has awarded Nikola $165 million in damages from its founder and ex-CEO Trevor Milton, who was convicted of fraud. Nikola had to pay $125 million to settle related charges. Shares of Nikola traded higher after the announcement.
Sentiment: NEGATIVE
Tickers: NKLA,
Keywords: business news, business, breaking news: technology, nikola corp, climate, technology,
Source: https://www.cnbc.com/2023/10/24/nikola-nkla-trevor-milton-damages.html