Nikola Corp. founder and Executive Chairman Trevor Milton is stepping down from the electric-truck startup with immediate effect in the wake of allegations from a short seller that he and the company had made false statements to investors.
The company said Mr. Milton would be replaced by Stephen Girsky, a former General Motors Co. executive who already sits on the truck company’s board.
We had the chance to sit down with Trevor on our podcast, TheFounderHour a few months ago. Check it out here:
I'm so sad I pre-ordered like 50 vehicles 😞
So that he can sell all his stock?
ScoutDaddy70 Lol
When you duck and run at an allegation such as this without FIRST addressing the board... Fishy.
Makes it seem like the short seller was telling the truth and Trevor Milton was lying. Looks can be deceiving, but it appears the short seller won.
Elon Jr.
There is a lot more to this story! This isn't about HindenburgRes anymore. To find out the real reason Trevor Milton resigned follow this hashtag = RIPJonnyRobb
Better question is, how clueless and incompetent GM leadership is, for not finding this out on their own?
lol.
Guy needs to be locked up
They don't even have one truck last I checked. Like, not even one LOL
thanks
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