As the date of his federal fraud trial nears, Nikola founder Trevor Milton casts a long shadow over his own fate and that of the electric truck manufacturer.
Milton has not actively participated in the startup electric truck and hydrogen maker’s business in more than 16 months. Yet his influence as a major shareholder weighs heavily on the company.
Most recently his vote against increasing the number of authorized shares in Nikola — a move that would dilute his approximately 11% ownership stake —...
https://www.freightwaves.com/news/commentary-miltons-long-shadow-holds-his-own-fate-and-nikolas