Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets

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TechCrunch 15h ago

Nikola founder Trevor Milton wants to buy the bankrupt startup’s assets - TechCrunch

Quick Summary:

Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter.

Sean O’Kane is a reporter who has spent a decade covering the rapidly-evolving business and technology of the transportation industry, including Tesla and the many startups chasing Elon Musk.

Meanwhile, Nikola struggled with battery fires, recalls, and its overall financial health before filing for bankruptcy.