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Nikola founder Trevor Milton resigns after short-seller’s fraud accusations

Nikola founder Trevor Milton resigns after short-seller’s fraud accusations

Electric truck maker Nikola announced Monday that founder and executive chairman Trevor Milton has resigned. Stephen Girsky, ex-VC of GM and a member of Nikola’s board, has been appointed chairman of the board. The decision comes in the wake of allegations by an analyst with a short position in the company’s stock that Milton misrepresented Nikola’s tech and capabilities prior to going public.

Clara
Clara
atlas shrugged
atlas shrugged 0 months

Milton seems like a grifter. If the fraud allegations are true, he should do some time behind bars.

Joseph Cribari
Joseph Cribari 0 months

That's not a good sign

Doug
Doug 0 months

Most expensive residence in Utah... (;-) Cleverly extracted from vaporware. (;-)

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