Nikola Founder Giving 50 Employees $233 Million of His Stock

  • Trevor Milton’s fortune has ballooned to $4.6 billion
  • He said on Twitter he doesn’t plan to sell his own stock
Trevor MiltonSource: Nikola Corp.
Lock
This article is for subscribers only.

Trevor Milton, the founder and chairman of Nikola Corp., is giving the first 50 employees of the electric-truck startup 6 million of his own shares after making a promise when he hired them.

“When I first started this company I was looking for the best employees in the world and it was a huge risk,” Milton said in a video posted on his Instagram page. “The likelihood of us ever succeeding was like next to none and luckily I found an incredible group of employees that started with me from day one.”