Trump pardons ex-Nikola CEO Trevor Milton

Trevor Milton, founder of Nikola Corp., exits court in New York, US, on Monday, Sept. 12, 2022.

Trevor Milton, the founder of Nikola Motors who was convicted of defrauding investors in his zero-emission truck company, has been pardoned by President Donald Trump, the White House confirmed Friday.

A federal jury convicted Milton of lying about Nikola’s capabilities, including an assertion that it had built its own electric truck, the Nikola One, from the “ground up.” He was also accused...