The report, titled "Nikola: How to Parlay an Ocean of Lies Into a Partnership With the Largest Auto OEM in America," was released two days after the company announced a deal with GM that sent both companies' shares soaring. It characterized Nikola as an "intricate fraud built on dozens of lies" by Milton.
"Nikola, Honda and other companies who are looking to GM's technology as a platform for their products, represent just one part of our overall EV strategy," the company said. "Our overall goal is to put everyone in an EV and accelerate adoption.
"It's a dark day for Nikola. Let's just call it like it is. Trevor leaving, he's a key part of the vision," he said Monday during CNBC's Squawk Box. "That's something investors have sort of bet on … I still believe there's a story here, especially for GM."
The US DOJ and FBI just arrested Nikola's former chairman at airport
It’s actually a good news for the company
Another fraud tech bro to add to the list alongside Elizabeth Holmes and Adam Neumann.
I think this puppy will go higher from here. Bad news - Trevor Milton - is OUT!
IPO was around 9/share early 2019. They're at 29 now, and where this low and lower at the start of 2020. Fix the headline.
bullish
Damn resigned just like that huh
Buying $80 calls 🤑🤑🤑🤑🤑🤑🤑
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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
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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?
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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.
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Nikola Founder Trevor Milton Resigns as Executive Chairman Amid Fraud AllegationsTrevor Milton, Nikola’s founder and executive chairman, is stepping down with immediate effect in the wake of allegations from a short seller that he and the electric-truck startup had made false statements to investors thanks They don't even have one truck last I checked. Like, not even one LOL lol.
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