Nikola shares open at lowest price since IPO after company founder Trevor Milton resigns

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Stephen Girsky, a former vice chairman of General Motors and a member of Nikola's board, has been appointed chairman of the board, effective immediately.

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."

 

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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 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?
Source: BusinessInsider - 🏆 729. / 51 Read more »