Nikola Corp. (NASDAQ: NKLA) Executive Chairman Trevor Milton is out at the electric truck startup he founded following a brutal report 10 days ago by a short seller of Nikola stock that accused him of lying about the company’s technology accomplishments.
FreightWaves first reported Milton’s departure late Sunday evening. Nikola’s official statement confirming the report was released shortly before 2 a.m. EDT Monday.
Milton approached Nikola’s board of directors and asked to step aside, the...
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