Founder of truck maker Nikola resigns after fraud allegations | Malay Mail

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NEW YORK, Sept 21 — Shares of embattled auto startup Nikola were under renewed pressure today following the sudden resignation of company founder Trevor Milton in the wake of fraud allegations. The Phoenix-based company said in a statement late yesterday it had accepted Milton’s resignation and...

In this file undated handout image courtesy of Nikola Motor, obtained on September 11, 2020 shows a Nikola Refuse truck. The founder and executive chairman of embattled zero-emission truck maker Nikola has resigned. — AFP pic

The resignation of Milton, who served as executive chairman, was the latest twist in a heady two-week period that saw the company soar after scoring an alliance with GM, and then reel as it was hit by fraud allegations that put the company on the defensive.

Milton hotly denied the charges and said he would refute them, and in the statement announcing his resignation, he said: “The focus should be on the Company and its world-changing mission, not me. I intend to defend myself against false allegations leveled against me by outside detractors.” Nikola responded that it “never stated its truck was driving under its own propulsion in the video” simply saying that it was “in motion.”Today, Milton described as Girsky as “the right leader to guide our vision at the Board level.”

 

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