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Nikola CEO Giving Some of His Shares of Company to Employees

By August 28, 2020 2   min read  (230 words)

August 28, 2020 |

Nikola Trevor Announcement

Nikola Motors has been making headlines in the hydrogen fuel cell sector since the day that Trevor Milton arrived on the scene of the company.

In a bold move and one that will play nicely into his vision as an innovator and industry disruptor, Trevor Milton made the decision to hold true to his promise to his 50+ employees and gift them with six million shares of Nikola Motor Company. At yesterday’s market close the price of Nikola was at $39.00 a share, which equates to almost $236M USD.

In a statement that was posted yesterday by Trevor Milton the CEO of Nikola Motors who wrote “I love our employees. They make Nikola great & are the key to our success. I’m making good on my promise when I hired the first +- 50 employees – giving 6,000,000 of my personal shares to them. You’ll see a reduction in my holdings for this. They are not sold, but given.”

He continued, “It could cost billions in the future if we perform well. No one knows what will happen, but I will keep my word, ”

Read More about Nikola:

Nikola and Bosch Develop Fuel Cell Powertrain for the Nikola Two Truck

CNH Industrial Enters Into Exclusive Partnership with Nikola Motors to Accelerate Adoption of Fuel Cell Technology in Heavy Duty Trucks  

IVECO, FPT Industrial and Nikola Corporation Unveil the Nikola TRE for European Market

 

 

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