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Nikola CEO Says He Learned Debut Truck Lacked Power After He Joined

  • Mark Russell tells jury about founder Milton’s debut semi
  • Milton on trial for lying to investors; he calls case baseless
Mark Russell

Mark Russell

Photographer: Andreas Gebert/Bloomberg
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Nikola Corp.’s chief executive officer told a jury he learned only after joining the company that its debut electric truck had neither a gas-powered turbine nor a fuel cell when founder Trevor Milton unveiled it.

Milton, who is on trial for allegedly lying to investors about Nikola’s progress, was prone to exaggerate, CEO Mark Russell told the jurors Monday in federal court in Manhattan as he described the December 2016 unveiling.