Nikola Founder Gives the Company's First Employees $233 Million of His Stock
The founder of Nikola (NASDAQ: NKLA) said late Wednesday that he is giving the first 50 employees hired by the electric truck manufacturer 6 million shares of the company's stock, fulfilling a promise he made to them when they were hired.
In a video posted online, Trevor Milton, now chairman of Nikola's board, noted the huge risk those first workers took on when they joined the start-up.
"The likelihood of us succeeding was like next to none, and luckily I found an incredible group of employees that started with me from day one to where we are today," Milton said.
Source Fool.com
