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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