Trevor Milton, founder and former executive chairman of Nikola Corporation, is reportedly attempting to acquire the assets of the company he once led. According to a report by TechCrunch, court filings and a source familiar with the matter confirm that Milton is pursuing a bid for Nikola's assets following its Chapter 11 bankruptcy filing in February.

California-based Lucid Group on Friday said it will acquire select Arizona-based facilities and assets previously belonging to bankrupt electric and hydrogen-powered truckmaker Nikola Corp .