Nikola founder Trevor Milton steps
Nikola founder Trevor Milton steps

Nikola founder Trevor Milton steps down as chairman in battle with short seller 2020

Nikola founder Trevor Milton steps down as chairman in battle with short-seller Tweets on Twitter  2020

Today’s hot story at Daily News Desk: Nikola founder Trevor Milton steps down as chairman in battle with short-seller – CNN https://edition.cnn.com/2020/09/21/investing/nikola-trevor-milton, see more http://tweetedtimes.com/v/1589?s=tnp


Nikola founder Trevor Milton has stepped down as executive chairman after a short-seller accused the hydrogen and electric truck startup of misleading investors and overstating the value of a business deal


About a month ago I covered 4 sh!t coin stocks you should avoid like COVID. One of those was Nikola $NKLA. The saga continues today with the founder resigning sending shares down 21% intraday. Company forecasts require trust. #Crypto is trustless😉


#English with Raymond Top News Item – Nikola founder Trevor Milton steps down as chairman in battle with short seller – CNN https://edition.cnn.com/2020/09/21/investing/nikola-trevor-milton, see more http://tweetedtimes.com/v/2916?s=tnp


Even though this is some impactful market news in the EV auto market, it’s not all that surprising. There was always something ‘off’ in their communications delivery/car announcements.


Trevor Milton deja abruptamente la presidencia ejecutiva de Nikola, de la que es fundador. Stephen Girsky (ex General Motors) ocupará su lugar con efecto inmediato


Nikola founder Trevor Milton has stepped down as executive chairman after a short-seller accused the hydrogen and electric truck startup of misleading investors and overstating the value of a business deal

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Nikola founder Trevor Milton steps down as chairman in battle with short-seller Posts on Instagram  2020

Nikola founder Trevor Milton steps down as chairman in battle with short-seller Videos on Youtube  2020

Source: CNBC Television

Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down from his roles as executive chairman and a member of its board. The announcement comes after short-selling firm Hindenburg Research accused Nikola of making “an ocean of lies.” The company pushed back on the accusations, saying there were “dozens” of inaccurate allegations in the report. In an early Monday tweet, Milton said, “I intend to defend myself against false allegations leveled against me by outside detractors.” Subscribe to CNBC PRO for access to investor and analyst insights on tech and more: https://cnb.cx/3dIH56N

Source: CNBC Television

Trevor Milton, the founder of electric truck company Nikola, is voluntarily stepping down as executive chairman and giving up his board seat. The move comes after short-seller Hindenburg Research accused Milton of making false statements about Nikola’s technology in order to grow and secure partnerships with automakers. Subscribe to CNBC PRO for access to investor and analyst insights on tech and more: https://cnb.cx/3dIH56N Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down from his roles as executive chairman and a member of its board. The resignation came 10 days after a short-selling firm accused the company of making “an Ocean of Lies.” The stock, which has had volatile swings, plunged 30% in premarket trading Monday. They recovered some of the losses after the opening bell. “It’s a dark day for Nikola,” Wedbush analyst Dan Ives told CNBC’s Andrew Ross Sorkin in a “Squawk Box” interview. “Let’s call it like it is. Trevor leaving. I mean he’s a key part of the vision.” The electric truck maker said the board accepted Milton’s resignation, adding that Stephen Girsky, former vice chairman of General Motors and a member of Nikola’s board, has been appointed chairman of the board, effective immediately. “Nikola is truly in my blood and always will be, and the focus should be on the Company and its world-changing mission, not me,” Milton said in a statement. “So I made the difficult decision to approach the Board and volunteer to step aside as Executive Chairman. Founding Nikola and growing it into a company that will change transportation for the better and helps protect our world’s climate has been an incredible honor.” In a Sept. 10 report, titled “Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America,” short-selling firm Hindenburg Research accused Nikola of making false statements about Nikola’s technology in order to grow and secure partnerships with auto companies, including General Motors. GM stock was down more than 4% in early trading Monday. The Securities and Exchange Commission and Department of Justice are reportedly investigating claims that the company misled investors. Nikola pushed back on the Hindenburg accusations, saying there were “dozens” of inaccurate allegations in the report. In an early Monday tweet, Milton said, “I intend to defend myself against false allegations leveled against me by outside detractors.” GM recently took an 11% stake in the company and said it will produce Nikola’s marquee hydrogen fuel cell electric pickup truck the Badger by the end of 2022. Last week, GM CEO Mary Barra said the automaker conducted “appropriate diligence” regarding a $2 billion deal with the electric vehicle start-up. In a statement, GM said it will work with Nikola to close the deal “to seize the growth opportunities in broader markets with our Hydrotec fuel cell and Ultium battery systems and to engineer and build the Nikola Badger. It added: “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. Our overall goal is to put everyone in an EV and accelerate adoption.”