{"id":17628,"date":"2025-04-07T20:02:54","date_gmt":"2025-04-07T11:02:54","guid":{"rendered":"https:\/\/tomorrowaccess.com\/?p=17628"},"modified":"2025-04-19T07:42:05","modified_gmt":"2025-04-18T22:42:05","slug":"nikola-founder-pardon","status":"publish","type":"post","link":"https:\/\/tomorrowaccess.com\/en\/news\/17628","title":{"rendered":"\ud83d\udea8 Nikola Founder Pardoned: EV Bubble Symbol Reemerges"},"content":{"rendered":"\n<div class=\"wp-block-group is-hidden-front is-layout-flow wp-block-group-is-layout-flow\"><h1 class=\"title is-post mb-10 wp-block-post-title\">\ud83d\udea8 Nikola Founder Pardoned: EV Bubble Symbol Reemerges<\/h1>\n\n<div class=\"mb-10 wp-block-post-date has-text-color has-grey-dark-color\"><time datetime=\"2025-04-07T20:02:54+09:00\">2025.04.07<\/time><\/div>\n\n\n<hr class=\"wp-block-separator has-text-color has-white-bis-color has-css-opacity has-white-bis-background-color has-background is-style-wide mb-15\"\/>\n\n\n<div class=\"taxonomy-post_tag has-link-color mb-40 list-tag wp-elements-1 wp-block-post-terms\"><a href=\"https:\/\/tomorrowaccess.com\/en\/news\/tag\/evnews\" rel=\"tag\">#EVnews<\/a><span class=\"wp-block-post-terms__separator\"> <\/span><a href=\"https:\/\/tomorrowaccess.com\/en\/news\/tag\/nikolapardon\" rel=\"tag\">#NikolaPardon<\/a><span class=\"wp-block-post-terms__separator\"> <\/span><a href=\"https:\/\/tomorrowaccess.com\/en\/news\/tag\/trevormilton\" rel=\"tag\">#TrevorMilton<\/a><\/div><\/div>\n\n\n\n<div id=\"post-content\" class=\"wp-block-group content is-post is-layout-constrained wp-container-core-group-is-layout-1ba4e1e2 wp-block-group-is-layout-constrained\">\n<p class=\"has-medium-font-size wp-block-paragraph\"><br>\ud83d\udca5 In 2020, Nikola became a symbol of the electric vehicle (EV) boom, taking the spotlight as a rising startup. Its founder, Trevor Milton, who was convicted of fraud, has now received a presidential pardon from Donald Trump, sparking widespread attention.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">This article explains the background and implications of the pardon, as well as the latest updates on Nikola Corporation.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong><br>\ud83d\ude9b What Is Nikola? And Who Is Trevor Milton?<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Founded in 2014, Nikola set out to revolutionize the trucking industry with electric and hydrogen-powered trucks. In 2020, it went public on the Nasdaq through a merger with VectoIQ, a special-purpose acquisition company (SPAC). At its peak, Nikola\u2019s valuation surged to rival Tesla\u2019s, making it a star in the EV sector.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">However, shortly after going public, <strong>Hindenburg Research<\/strong>\u2014an American investigative research firm known for exposing corporate fraud and also operating as a short-selling investment firm\u2014accused Nikola of fraudulently exaggerating its technological capabilities.<br><br>Milton was subsequently indicted and, in 2022, found guilty of securities and wire fraud. In 2023, he was sentenced to four years in prison.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\u2696\ufe0f Was the Pardon Politically Motivated?<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Milton posted a $100 million bail shortly after his indictment in July 2021 and remained free during his trial and appeal. Then, on March 27, 2025, President Trump granted him a full and unconditional pardon.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Although the White House did not provide a detailed reason for the decision, it was revealed that Milton and his wife had donated more than $1.8 million to Trump\u2019s 2024 re-election campaign. This has raised concerns and controversy about the fairness of the justice system and the influence of politics.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h5 id=\"%f0%9f%92%b0-nikolas-bankruptcy-and-the-impact-on-investors\" class=\"wp-block-heading\"><br><strong>\ud83d\udcb0 Nikola\u2019s Bankruptcy and the Impact on Investors<\/strong><\/h5>\n\n\n\n<p class=\"wp-block-paragraph\">In February 2025, Nikola filed for Chapter 11 bankruptcy and began liquidating its assets. Milton had been ordered to pay approximately $661 million in restitution to defrauded investors, but the pardon may relieve him of this obligation, fueling anxiety among investors.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\ud83c\udfac What\u2019s Next for Trevor Milton?<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Following the pardon, Milton announced on social media that \u201cthe greatest comeback in American history has begun.\u201d He has also hinted at producing a documentary to share \u201chis side\u201d of the Nikola story. Whether this will offer a genuine critique of the justice system or a self-serving narrative remains to be seen.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\ud83d\udcda What Is a Pardon? How It Differs in Japan<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In the U.S., the President holds broad constitutional powers to pardon federal crimes. A pardon can eliminate a conviction or cancel punishment\u2014essentially a form of national forgiveness.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">In contrast, Japan\u2019s pardons are led by the Cabinet and formally authorized by the Emperor. Most are symbolic, linked to national events, and individual political pardons are exceedingly rare.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\"><strong>\ud83d\udcdd Conclusion: What the Milton Pardon Represents<\/strong><\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Trevor Milton\u2019s pardon highlights deeper issues in our modern society: the blurred lines between politics and justice, the volatile rise and fall of EV startups, and the fragile trust between companies and their investors.<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">What truth will Milton reveal? And what lessons can we draw from this high-profile case?<\/p>\n\n\n\n<p class=\"has-medium-font-size wp-block-paragraph\">Stay tuned for what comes next.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\ud83d\udca5 In 2020, Nikola became a symbol of the electric vehicle (EV) boom, taking the spotlight as a rising startup. 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