Best of Greed: Chasing Tesla

Update: On Friday, March 28th, 2025, the White House confirmed that President Donald Trump has pardoned Trevor Milton, founder of the electric vehicle startup Nikola.

Milton, who was sentenced to four years in prison for overstating his company's technology, could now avoid paying hundreds of millions in restitution to defrauded investors due to the pardon.

According to the Federal Election Commission, Milton and his wife donated more than $1.8 million to a Trump re-election campaign fund less than a month before the November election.

Original Episode Description: Serial entrepreneur Trevor Milton founds the electric vehicle company Nikola, which suggests it will be the next Tesla, but for long-haul trucks. (Original airdate 10/04/2022)