3 years ago
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Nikola's founder is donating $233 million worth of stock to the electric truck company's first employees
Trevor Milton, founder of the electric truck startup Nikola, announced Wednesday he was giving away over $200 million worth of his stock in the company to some of its earliest employees. After a reverse-merger in June, Nikola's market value surged (although it's pared many of those gains in weeks since). Milton, who currently serves as executive chairman and de-facto social media face of the company, will still own about 20% of its stock after giving away the 6,005,162 shares.
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https://www.businessinsider.com
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Way to go Trevor! It's always nice to hear about an owner giving back to employees.