News Week 5 Practice Test

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Which founder defrauded investors with a truck company and later became CEO of Nikola and SyberJet?

Elon Musk

Trevor Milton

A high-profile case in the trucking/EV space is being tested here. Trevor Milton founded Nikola Motor Company and pitched hydrogen-electric trucks with bold promises about production, partnerships, and orders to attract investors. Over time, regulators and investigators said he misrepresented the company’s capabilities and prospects, leading to securities fraud actions and his departure from Nikola. Among the well-known entrepreneurs listed, Milton is the only one tied to this specific fraud case and the Nikola venture, which is why he fits the description described in the question. The other names are famous for their ventures in tech, retail, or aviation, but not tied to this Nikola-related investor deception.

Jeff Bezos

Richard Branson

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