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Nikola Founder Has $7.4 Billion Fortune on Free Truck Orders

  • No revenue, no problem for company valued at $21.8 billion
  • ‘Let the haters hate,’ the executive chairman says of critics
The Nikola Badger
The Nikola BadgerSource: Nikola
Updated on

His company has sent his net worth soaring to $7.4 billion, but Trevor Milton is frustrated.

The executive chairman of Nikola Corp. is under siege from skeptics of the company he started in 2014 with the goal of revolutionizing the trucking industry. The doubters who have him particularly down are criticizing him for taking orders for hydrogen fuel cell-powered semis and saying they’re worth $10 billion.