Nikola Corporation founder Trevor Milton has quietly purchased shares of the Phoenix-based electric vehicle company ahead of his September fraud trial. On Thursday, a SEC filing revealed that Milton purchased three million shares of Nikola at an average price point of $5.80 for $17.4 million. The purchase marked the first purchase from Milton since the company went public. After the purchase was made, Milton now owns a 10% stake in the company, more than 51 million shares of Nikola, while his spouse owns an additional 1.25 million shares. Milton's purchase comes weeks after the company announced that its current CEO, Mark Russell, will retire. Nikola president and former Opel CEO Michael Lohscheller, who joined the company in February 2022, is set to replace Russell. Nikola also announced in August that it was buying battery company Romeo Power. Nikola reported second-quarter financial results in August with revenue of $18.13 million beating Street estimates. The company announce...