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NKLA
NYTimes
144 days

Trump Pardons Trevor Milton, Founder of Bankrupt Truck Maker Nikola

1. Trevor Milton received a presidential pardon for his fraud conviction. 2. He was previously sentenced for securities and wire fraud in 2022. 3. The pardon prevents Milton from compensating defrauded shareholders. 4. Nikola has filed for bankruptcy and plans to sell its assets. 5. Milton still faces potential civil lawsuits despite the pardon.

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FAQ

Why Bearish?

The pardon may create uncertainty about accountability, impacting investor confidence negatively.

How important is it?

The article highlights significant legal and financial issues directly impacting NKLA's future.

Why Long Term?

The long-term implications of Milton's reputation and Nikola's bankruptcy could dampen recovery possibilities.

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