Nikola pays $125M to settle SEC fraud allegations

• Milton misled investors about Nikola's technology, production capacity, reservations and finances, the SEC alleged. Nikola did not acknowledge wrongdoing but agreed to continue to cooperate with the probe.
• The money will be distributed to "victim investors," the SEC said.
• Nikola confirmed the deal and said it's "taken action to seek reimbursement" from Milton, who pleaded not guilty to the SEC's charges.

The bottom line: The accusations against Milton dealt a severe setback to Nikola, but it did not lead to the company's collapse. Nikola still has a shot at delivering the hydrogen-electric technology it's promised.