Nikola founder Trevor Milton to voluntarily step down as executive chairman; stock plunges

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Shares of Nikola plunge in premarket trading as founder Trevor Milton steps down as executive chairman.

from his roles as executive chairman and a member of its board. The resignation came 10 days after a short-selling firm accused the company of making "an Ocean of Lies."The electric truck maker said the board accepted Milton's resignation, adding that Stephen Girsky, former vice chairman ofand a member of Nikola's board, has been appointed chairman of the board, effective immediately.

"Nikola is truly in my blood and always will be, and the focus should be on the Company and its world-changing mission, not me," Milton said in a statement. "So I made the difficult decision to approach the Board and volunteer to step aside as Executive Chairman. Founding Nikola and growing it into a company that will change transportation for the better and help protect our world's climate has been an incredible honor.

 

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BLACK tuesday , FBI arrest trevor but news dont say this

Now do Elon Musk

Are we ever going to see nikola truck driving uphill?

Lebeaucarnews Wonder how many times CNBC said “Nikola” over the last 6 months? Over/under 5000?

Lebeaucarnews what if $NKLA mirrors $AAPL when they kicked out Steve Jobs?

Lebeaucarnews It means he keeps $3B

I agree with kicking this ass hole founder Trevor Milton. I lost money in Nikola because I saw running truck which was hoax. This guy should be put in Jails.

BrianDunseth I wonder who has the movie rights to this story? Netflix, Hulu or Amazon?

'Voluntarily' 🤣🤣🤣🤣

With $3 billion. Is that right?

Literally pump and dump

Lebeaucarnews Buy $TSLA It’s simple

Lebeaucarnews Like, this comment, If you think or believe that majority of muslims are terrorists or indirectly support terrorism and Anti-National activities.

Lebeaucarnews Was he the architect of “in motion” but “not under propulsion”?

Just don't allow him to escape the country. Soon he will be absconding and selling all his stake to covidiots.

Theranos 2.0

This was over-due... Executive chairman, my ass The only Chairman I know is Chairman Mao.

The SEC is typing...

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!

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