Nikola Corp. CEO Mark Russell testified Monday that founder Trevor Milton went on a publicity “blitz” to attract retail shareholders to the startup’s stock because he was dissatisfied with the performance of bankers hired to promote the company.
Milton, 40, is on trial on four counts of fraud related to lying about the company’s technology achievements and progress to boost Nikola’s stock price. If convicted of defrauding investors, he could receive a maximum 25-year federal prison sentence.
Assis...