5 years, 1 month ago
Nikola Motor head Trevor Milton drops $32.5 million on 2,000-acre Utah ranch
LA TimesHybrid truck company and Tesla competitor Nikola Motor recently received a valuation of about $3 billion, and CEO Trevor Milton is wasting no time spreading some money around. He recently shelled out $32.5 million for a 2,000-acre ranch in Utah, a sum that ranks among the priciest residential sales in Utah history. The scenic estate sits about 50 miles east of Salt Lake City, where Nikola Motor was founded five years ago. A floor-to-ceiling stone fireplace anchors the expansive great room, and a mahogany wet bar sits in the adjacent living room under coffered ceilings.
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