The fallout is continuing for Nikola following a short-seller's accusations of fraud earlier this month.resignation as executive chairman
Milton's replacement, General Motors veteran Stephen Girsky, is "probably better suited to the next — execution — phase of the company's development," JPMorgan analysts said of the move. Still, the bank warned that Milton's further distancing "could could weigh on some of the partner and customer relationships he has forged, and employee morale is probably fragile right now, just as the workload is intensifying and competitive threat looms.
Milton, who became the de facto public face of the company as it went public in June, especially on Twitter, resembled Elon Musk in many ways. Cowen analysts see this as another defense. Now it all comes down to execution of its F-150 competitor and delivering the trucks it's making with supplier Bosch in Europe.
But serious, can anybody explain to me what this company actually offers? The trucks are filled with 3rd party parts, the Badger is a Phoshop .PS file and there is no revolutionary tech inside the conpany... Basically it is an empty shell.
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Does the road ahead include transforming their business from a fine art and literature company into a tech/automotive company?
this should be criminal .. this company is a total fraud but you guys in the media keep propping it up ... youare deliberately hurting small investors who trust your advice ... shame on you.
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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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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 shares open at lowest price since IPO after company founder Trevor Milton resignsStephen Girsky, a former vice chairman of General Motors and a member of Nikola's board, has been appointed chairman of the board, effective immediately. Buying $80 calls 🤑🤑🤑🤑🤑🤑🤑 bullish Damn resigned just like that huh
Source: CNBC - 🏆 12. / 72 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 »