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Source:
Los Angeles Times
California EV fund awards Nikola $50M
Trevor Milton, founder and former CEO of Nikola Corp., falsely promoted the company's hydrogen semi-truck technology and preorders, leading to over $1 billion in investor funding. Despite criminal charges and a bankruptcy filing, California's clean truck subsidy program continued subsidizing Nikola vehicles, which were later recalled due to safety issues, leaving many customers, mainly in California, stranded without warranties or spare parts. Critics argue that oversight failures allowed the company’s fraudulent claims to go unchecked, highlighting concerns over accountability in state-funded clean transportation initiatives.
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