U.S. SEC seeks to drop charges against ex-Nikola CEO, according to Reuters

Written by Emily J. Thompson, Senior Investment Analyst

Updated: Sep 12 2025

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SEC Dismissal: The U.S. SEC has decided to dismiss its case against Trevor Milton, the founder and former CEO of Nikola.
Allegations Overview: The case, initiated in 2021, accused Milton of making false claims about Nikola's electric and hydrogen-powered pickup and its battery development.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.