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Nikola dives 28% after founder Trevor Milton steps down as executive chairman

1 month ago   |   By Business Insider

Summary List Placement
Nikola tanked as much as 28% in early Monday trading after founder Trevor Milton voluntarily stepped down as executive chairman and a member of the board.
Stephen Girsky, former vice chairman of General Motors , took the reins as the company's chairman after Nikola's board approved of Milton's proposal, according to a press release .
Nikola shares traded with massive volatility in recent weeks after short-selling firm Hindenburg Research accused the automaker of lying about its technology and order book.
While Milton's departure will likely be viewed as "a major...
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Nikola founder Trevor Milton steps down as chairman - Roadshow

Nikola founder Trevor Milton steps down as chairman - Roadshow

1 month ago   |   By CNET

The billionaire founder of the hydrogen-electric truck startup departs voluntarily following the bombshell allegations included in the Hindenburg report.
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Nikola founder Trevor Milton resigns following fraud allegations

Nikola founder Trevor Milton resigns following fraud allegations

1 month ago   |   By Business Insider

Summary List Placement
US electric truck company Nikola announced on Monday that its founder Trevor Milton is stepping down as executive chairman with immediate effect, following allegations of fraud at the company.
Stephen Girsky, a former vice-chairman of General Motors and a Nikola board member, has been appointed as chairman in Milton's place.
Milton said in a statement that the company "is truly in my blood and always will be, and the focus should be on the company and its world-changing mission, not me."
"So I made the difficult decision to approach the board and volunteer to step...
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