NEW YORK—Trevor Milton, the convicted founder of electric- and hydrogen-powered truck maker Nikola, was sentenced to four years in prison on Monday after a jury last year found him guilty of lying to investors about the company’s technology.
Federal prosecutors in Manhattan said Milton misled investors by stating that Nikola had built a pickup from the “ground up,” that it had developed its own batteries even though he knew it was buying them, and that it had early success creating a “Nikola One” semi-truck that he knew did not work.
