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Well, here’s a weird one. We got a press release in our inboxes claiming that Nikola Motors founder Trevor Milton, who was convicted of defrauding investors of hundreds of millions of dollars, has been issued a full pardon for his crimes.

Update: This article has been updated to include confirmations from media of the pardon, to acknowledge the $1.8 million in payments Milton and his wife gave to a pro-Trump PAC, and with comments from Mr. Trump in a press conference.

In case you need a refresher, Trevor Milton was the founder of Nikola Motors who was found guilty of fraud due to false statements he made to investors in the runup to production of Nikola’s zero emission trucks.

He was sentenced in December 2023. His sentence included four years in prison, seizure of property, a $1 million fine, and three years of supervised release after serving the sentence.

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The verdict and sentence related to false statements that Milton made to the public about progress with his company’s electric trucks. In particular, one situation involved a faked video of Nikola’s “One” hydrogen truck in which the truck was shown running when, in fact, it was just rolling down a hill.

Despite all this, Nikola got new leadership and did end up making battery and fuel cell electric semi trucks – we took multiple rides in them (they were pretty good, to be honest), and visited one of their fueling stations.

But it all wasn’t enough to keep Nikola from going bankrupt last month.

Fast forward to yesterday and we got a very weird press release in our inboxes – which we sat on for a little while, since it felt sketchy.

The press release came from “Trevor Milton Media,” and is highly praiseful of Milton, and also ends with an ad for an upcoming documentary. It claims that Donald Trump, also a convicted felon, has issued a full pardon to Milton. Milton also made a social media post announcing that he had gotten a personal phone call from Mr. Trump telling him about the pardon.

However, the Justice department operates a handy website cataloguing pardons – and weirdly enough, Milton isn’t on there. The website does mention an action from March 25th, so it *is* possible that it’s not updated and this will be added later – we would not be surprised by a lack of organization from anything associated with Mr. Trump.

But, whitehouse.gov also has a list of executive actions, and that’s been updated all the way to today, March 28, the day after this pardon happened. It includes an item from March 26, a pardon of Devon Archer, which is also listed on the Justice department’s pardon website as having happened on March 25.

Further, the pardon website includes no acknowledgement of pending cases for anyone named Trevor Milton, under the “search for a case” function.

And the last entry on the case against Trevor Milton is a letter from March 14th detailing the appropriate amounts of restitution – totaling at least ~$676 million – for parties defrauded by Milton.

Then, after sitting on the story for a couple hours, we saw that other outlets had reported it with the caveat that “Milton says” he’d been given a pardon – with some hoping that it’s a hoax. Reuters stated at the time that “The White House and Nikola did not immediately respond to requests for comment,” but all of this happened well past end of day, when people weren’t around to comment (nobody picked up the one call we made, either).

Finally, today New York Times, AP and others now say that the White House has confirmed this, but it still has not been posted to any official catalogue of pardons. It has also been reported that Trevor Milton gave $920,000 to Mr. Trump’s political campaign (or $1.8 million combined with his wife) and was represented in this case by Pam Bondi’s brother.

Update: Mr. Trump was asked his thoughts on the pardon in a press conference, and instead of stating his own thoughts (because, as usual, he doesn’t have any), he said that it was “highly recommended by many people,” but acknowledged that he “doesn’t know [Milton].” Mr. Trump also acknowledged that one of the reasons he supports a pardon is because Milton “liked Trump” and “supported Trump.”

Electrek’s Take

Well, we were right to think this was sketchy, but while we originally thought it could have been a weird publicity stunt of some sort, it looks like this is just the standard pay-for-play sketchiness that happens when a convicted fraudster is squatting in the White House.

The weirdness of the press release we got does warrant examination, though.

Much of it rails against the justice system in general, and against the Southern District of New York in particular – the district in which Milton was found guilty of federal crimes, and the same state where Mr. Trump was found guilty of falsifying business records, violating state law.

Milton’s press release argues that his case is similar to Mr. Trump’s, with both of them being victimized by the court system. It states “The striking similarities between Milton’s case and those brought against President Trump highlight systemic issues within the justice system, particularly within the Southern District of New York.” This seems like clear angling at Mr. Trump’s vanity.

The press release also name drops specific US attorneys and claims that their prosecution was flawed. This could be similar to a tactic which Mr. Trump has used before (and his ally Elon Musk), where they have publicly called out defenders of the law for doing their jobs in an apparent attempt to get them to back down or compromise their efforts.

It also seems quite similar to a proposed tactic by another corporate criminal, Sam Bankman-Fried. Fried had planned to “Go on Tucker Carlsen [sic], come out as a republican” in an attempt to angle for a pardon, again playing on the vanity, credulousness and love of fraud shown by the idiot-in-chief. Too bad Fried’s timing was off, but Milton been luckier here.

And then, in the last line of the press release, we get to a pretty funny statement – it ends with a link to a trailer for a documentary which purports to exonerate Milton, thus trying to use this news to get publicity for the upcoming video. Kind of strange that someone would need to release a documentary making the case for exoneration when one has supposedly already been exonerated, isn’t it?

So, for these reasons, we initially thought that this pardon didn’t actually happen. And it still isn’t mentioned on the pardon site, but then again disorganization is just as unsurprising as corruption when it comes to the convicted fraudster who is currently squatting in the White House (despite the Constitution having a clear legal remedy for this national crisis).

And now, in exchange for just under $2 million in bribes, Milton might be able to skip out on the hundreds of millions in restitution he owes to regular people – or at least delay it for a while until civil cases happen. What a return on investment. We’ve crossed the Rubicon, people.


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Tesla sales are down in every single European country except the UK, here’s why

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Tesla sales are down in every single European country except the UK, here's why

Tesla sales were down in every European country except for the UK in the first quarter, and there’s a reason why.

That’s while electric vehicle sales are still booming in Europe.

Tesla’s sales declined for the first time in Europe last year, but the decline accelerated in 2025.

Over the last three months, we have been reporting on worrying sales results for Tesla across most European markets, especially in important markets like France and Germany.

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Now, we have the delivery numbers for Tesla in all European countries, and the automaker is down 37% on the old continent compared to 2024, which was already a down year for Tesla.

On top of it, Tesla is down in every single country except the UK.

Here are Tesla’s Q1 2025 deliveries in each European country compared to Q1 2024:

Country Q1 2024 Q1 2025 Change
Germany 13,068 4,935 -62.2%
UK 11,768 12,474 6.0%
France 11,360 6,696 -41.1%
Belgium 7,219 3,019 -58.2%
Netherlands 6,854 3,445 -49.7%
Norway 5,121 3,817 -25.5%
Other 4,420 3,301 -25.3%
Sweden 4,312 1,929 -55.3%
Italy 3,721 3,469 -6.8%
Spain 3,601 3,169 -12.0%
Denmark 3,558 1,549 -56.5%
Switzerland 3,264 1,238 -62.1%
Portugal 2,888 2,145 -25.7%
Austria 2,506 1,304 -48.0%
Poland 1,264 899 -28.9%
Finland 894 475 -46.9%

The drop in sales in Germany was the most devastating for Tesla. It went from being Tesla’s biggest European market to being a distant third.

France also saw a significant 41% decline in sales.

This is also happening while electric vehicle sales are surging, regardless of Tesla’s performance.

Tesla is feeling the pain virtually everywhere in Europe except in the UK, but that’s because Tesla is selling its vehicles for much cheaper there.

In the UK, the Model Y PCP leasing starts at £399, which is the equivalent of €462, when the same vehicle starts €570 in Germany:

Interestingly, that’s not the case for the Model 3, which starts higher in the UK than in Germany.

Electrek’s Take

The reason for that is unclear to me. I’d love to hear theories in the comment section.

Could it be that Tesla planned to produce too many right-hand-drive vehicles and had to lower prices to ensure that it could deliver them?

It’s unclear, but I think the theory has some traction since I just learned that Tesla is also already discounting the new Model Y in Hong Kong – another right-hand-drive market.

Either way, I think it’s clear at this point that Tesla is having significant brand issues in Europe, in addition to increased competition.

Yes, Model Y had some supply issues due to the design changeover, but Model 3 sales are also down 11% compared to Q1 2024, when Tesla was still ramping up production of the Model 3 design refresh.

Tesla shareholders need to wake up. This is a self-inflicted wound that can be remedied by removing Elon Musk.

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Kia’s first electric sedan is almost here, but plenty more EVs are on the way

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Kia's first electric sedan is almost here, but plenty more EVs are on the way

That Kia EV sedan we’ve been waiting for is almost here. Kia also confirmed it will launch a midsize pickup in North America. Next week, three new Kia vehicles, including the EV4, its first electric sedan, will debut at the New York International Auto Show. Here’s what to expect.

Kia’s first electric sedan will debut at the NY Auto Show

Back in 2023, the EV4 stole the show as a concept during Kia’s first EV Day. Earlier this year, Kia unveiled the production model, debuting as the brand’s first electric sedan and hatchback.

The electric sedan is among the most highly anticipated EV launches of 2025. Kia’s EV4 will arrive this year as part of its low-cost EV lineup, and it could be a true challenger to the Tesla Model 3.

After opening orders in Korea last month, Kia said the EV4 will “set a new standard for electric sedans,” starting at just 41.92 million won, or about $28,000. It has two battery options, 58.3 kWh or 81.4 kWh, providing a range of 237 miles (382 km) and 331 miles (533 km) in Korea.

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With its North American debut now officially set for next week, Kia teased the new EV, claiming it will be one of three new vehicles.

The new vehicles include a sedan, an SUV, and “something in between.” Two will be fully electric, while the other offers a “sporty and versatile approach in the compact car segment.”

Kia's-first-electric-sedan-US
Kia EV4 electric sedan teaser for North America (Source: Kia)

More EVs are on the way, including an electric pickup

During its CEO Investor Day on Wednesday, Kia confirmed plans to launch a new midsize EV pickup for North America. In the long-term, the company aims to eventually sell 90,000 units for about 7% of the market share.

Kia’s electric pickup will be based on a new EV platform built for city and outdoor use. According to Kia, it will offer “best-in-class interior and cargo space, a robust towing system, off-road capabilities, and advanced infotainment and safety features.”

Kia-EV-pickup-US
Kia Tasman pickup truck (Source: Kia)

Following the EV6 and EV9, Kia is expanding its electric car lineup with the new EV3, EV4, and EV5, which will roll out this year. Kia is also launching its first electric van, the PV5, to kick off its new PBV business.

By 2030, the company plans to sell 2.33 million electrified vehicles, accounting for 56% of global sales. This includes 1.26 million EVs and 1.07 million hybrids.

Kia's-first-electric-sedan-US
Kia unveils EV4 sedan and hatchback, PV5 electric van, and EV2 Concept at 2025 Kia EV Day (Source: Kia)

As it expands its lineup, Kia expects electrified models to account for 70% of sales in North America, 85% in Europe, and 73% in Korea by the end of the decade.

Kia boasted that it will “lead the mass adoption of EVs by expanding its EV lineup with the addition of another volume model, the EV2,” which is expected to launch in early 2026.

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U.S. crude oil falls 3%, trades below $58 per barrel as China imposes retaliatory tariffs

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U.S. crude oil falls 3%, trades below  per barrel as China imposes retaliatory tariffs

An oil pumpjack is seen in a field on April 08, 2025 in Nolan, Texas. 

Brandon Bell | Getty Images

U.S. crude oil futures fell about 3% on Wednesday, as China announced retaliatory tariffs on the U.S. after President Donald Trump’s sweeping levies took effect.

The U.S. benchmark dropped $1.83, or 3.07%, to $57.75 per barrel by 9:41 a.m. ET. Global benchmark Brent tumbled $1.93, or 3.07%, to $60.89.

The oil sell-off took a leg lower earlier in the session after Beijing announced tariffs of 84% on U.S. goods in response to Trump’s levies. U.S. crude fell more than 7% to an intraday low of $55.12, while Brent tumbled to $58.40 at its lowest point during the session.

China’s tariffs take effect on April 10.

Traders are worried the world is descending into a full-blown trade war that will trigger a recession, hitting crude oil demand. OPEC+, meanwhile, has agreed to accelerate output in May, which will bring more oil to a market that was already facing a surplus.

The collision of recession fears and growing oil supply is a “toxic cocktail,” Helima Croft, global head of commodity strategy at RBC Capital Markets, told CNBC on Tuesday.

The U.S. and Iran are scheduled to hold talks in Oman on Saturday to discuss the Islamic Republic’s nuclear program. Successful negotiations could result in more Iranian oil entering the global market.

Catch up on the latest energy news:

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