The Nikola saga took a new turn Thursday night when Trevor Mlton, founder, former executive chairman and CEO of Nikola Corp., was issued a full and unconditional pardon from President Trump.
Milton founded Nikola in 2014 and later led a SPAC-backed initial public offering in June 2020. The company was once valued at $30 billion and had a multibillion dollar contract with General Motors in place.
However, Nikola’s and Milton’s fortunes reversed following fraud allegations against Milton by...