Nikola CEO tells jury he had concerns over founder Trevor Milton’s ‘exaggerations’ to investors

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Nikola Corp. CEO Mark Russell told a New York federal jury Monday that he had concerns about joining the electric-truck company because he believed its founder, Trevor Milton, “was prone to exaggeration in public statements.”

Testifying in Milton’s securities-fraud trial, Russell said that before coming on board in 2019 as president of Nikola
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he and Milton reached an agreement that Russell would become the chief executive officer if Nikola became a publicly traded company. Russell said he sought the arrangement because as head of a public company, statements from the CEO needed to be accurate.

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