“At no point in his life has Mr. Milton ever engaged in any inappropriate physical contact with anyone,” the spokesman for Milton told The Post in a statement.
Trevor Milton still in freefall
The allegations of sexual assault are the latest controversy engulfing the 38-year-old founder of the electric vehicle manufacturer. Milton who once billed himself as the “Tesla killer.”
On June 4, Nikola went public following a reverse merger with VectoIQ Acquisition Corp. (NASDAQ: VTIQ), a publicly-traded special purpose acquisition company (SPAC).
Nikola debuted with a $12 billion market value. Less than a week later it mushroomed to $28.8 billion. Milton became a Wall Street billionaire in spite of the fact, that Nikola hasn’t produced any ready-to-market vehicles. There was also no real evidence that the company is developing hydrogen-based technology.
On September 8, General Motors and Nikola announced a strategic merger. Both companies’ stock soared with the announcement.
Hindenburg’s Research, a short-seller, and other similar research firms exposed Nikola and Milton’s alleged fraud and false accounting. Usually, prior to releasing their report, the research company shorts the stock.
