Trevor Milton Attempts to Buy Nikola Assets from Bankruptcy Amid Controversy
Trevor Milton, Nikola’s founder and recently pardoned fraud convict, is bidding for his former company’s assets as it navigates bankruptcy.
Matilda
Trevor Milton Attempts to Buy Nikola Assets from Bankruptcy Amid Controversy
Trevor Milton, the controversial founder of Nikola, is making headlines once again. Recently pardoned after a conviction for securities fraud, Milton is now attempting to purchase the assets of his bankrupt company, Nikola. This new chapter in the Nikola story is nothing short of dramatic, especially considering Milton's tumultuous past with the company. Image:Google Nikola’s Bankruptcy Filing: A Timeline of Struggles Nikola filed for Chapter 11 bankruptcy protection in February 2025, marking a significant downturn for the electric vehicle (EV) startup. The company, known for its ambitious plans to revolutionize the transportation industry with hydrogen-powered trucks, has been plagued by technical issues, financial instability, and public controversy since its inception. Milton’s role in the company’s downfall began in 2020 when he was accused of fraud. These allegations led to his resignation from the company just months after it went public in a high-profile special purpose acquis…