Milton slammed the short-sellers again in a Monday
, saying he plans to defend himself"against false allegations leveled against me by outsized detractors."reported last week that the Securities and Exchange Commission is probing Nikola over Hindenburg's claims and whether the automaker may have violated securities laws. The company's leadership shift arrives at a pivotal moment for the growing firm. GM took an 11% stake in Nikola earlier this month as the industry giant rushes to compete with other zero-emissions vehicle manufacturers. Though Hindenburg's report sparked some concerns about the deal, GM CEO Mary Barra told investors last week that the company conducted"appropriate diligence" on the $2 billion deal.
The GM partnership is a"linchpin" to Nikola's success, Wedbush analyst Dan Ives said in a Monday note. While Wall Street will likely view Milton's departure as"a major near-term gut punch" to Nikola's valuation, the firm is still a"prove me" stock with time to execute on its key goals, he added.
This will go below 10 in 1 week
lol somethings don't change I guess, doesn't matter which industry. How much is he walking away with?
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Nikola founder Trevor Milton resigns following fraud allegations - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Why resign if there’s no fraud? Nothing to hide right?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Nikola Corp's Trevor Milton steps down as executive chairmanU.S. electric-truck maker Nikola Corp's founder and executive chairman Trevor Milton has stepped down, the company said on Sunday, as it battles allegations from a short-seller that it misled investors and automakers. Scam company Rekt Well that looks promising
Source: Reuters - 🏆 2. / 97 Read more »
Nikola founder Trevor Milton steps down as chairman in battle with short sellerNikola founder Trevor Milton has stepped down as executive chairman after a short seller accused the hydrogen and electric truck startup of misleading investors and overstating the value of a business deal. _ErkanOz There is an abduction of children called protection at the Child Consultation Center in Japan. Japan has received recommendations from the United Nations, but it does not improve. Would you mind looking at this issue for future children? Please looking at my retweet. Please RT. wirecard 2.0? and it is only september, damn cant wait for early 2021 with the first banks
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Shares of electric-truck maker Nikola plunge as founder Trevor Milton steps down as chairmanTrevor Milton has stepped down as executive chairman, and from the board following weeks of upheaval linked to a short-seller report. I would think that would raise the price not tank it.
Source: MarketWatch - 🏆 3. / 97 Read more »
Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plungesThe announcement comes after short-selling firm Hindenburg Research accused Nikola of fraud. The company pushed back on the accusations, saying there were 'dozens' of inaccurate allegations in the report. He can run but he cannot hide ... could tell he was snake oil salesman from the start Good job! Praises for due diligence! Great short if you could have gotten in early last week! This was over-due... Executive chairman, my ass The only Chairman I know is Chairman Mao.
Source: CNBC - 🏆 12. / 72 Read more »
Nikola founder steps down as executive chair in short-seller claims rowU.S. electric-truck maker Nikola Corp's founder Trevor Milton has stepped down as executive chairman, the company said on Sunday, as it battles allegations from a short-seller that it misled investors and automakers. Ladies and Gentlemen.. Presenting your next democratic presidential canditate. Nikola has to send a Truck into the Space to be proven not guilty 😹 ( Is that possible for them) Nikola Tesla, I see what they did there
Source: Reuters - 🏆 2. / 97 Read more »