Nikola Probe Finds Some of Founder’s Claims Were ‘Inaccurate’

Nikola Corp.’s internal review of claims about its technology concluded the startup and its founder made several inaccurate statements, marking a break with the company’s previous denials of misleading communications with the public.

The electric-vehicle maker’s probe found nine statements made by the company and its founder and former chairman, Trevor Milton, were wholly or partially inaccurate, according to a regulatory filing made public Thursday.

Trevor Milton

Source: Nikola Corp.

Nikola commissioned the law firm Kirkland & Ellis to conduct the review after a short seller’s report in September accusedthe company and its founder of misleading investors. The startup had repeatedly ...