Nikola founder Trevor Milton resigns amid fraud allegations: timeline - Business Insider

, saying that it did its "appropriate diligence" before signing the deal.

It's not clear how all of this will affect Nikola's product launch timeline or what the SEC and DOJs' investigations will yield. Regardless, September marked a rapid descent for Nikola. There's no doubt that investor and employee morale is shaken right now. Girsky's first role will likely be to soothe those anxieties. Get your weekly recap of all things electric vehicles, airlines, and more. Sign up for our Shifting Gears newsletter now.

Ooof I was really hoping they would make it.

😂

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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 »

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 »