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Product Journeys: Nikola

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Trevor Milton Steps Down From Electric Truck Company Nicola

Trevor milton, the founder of electric truck company nicola is voluntarily stepping down as executive chairman and giving up his board seat. Move comes after short seller, hindenburg research accused milton of making false statements about nicholas technology in order to secure partnerships with auto makers. Both the justice department and the s c are investigating allegations made by hindenburg. Nicholas says that milton agreed to relinquish four point nine million performance base stock units that had been granted to him back in august. Check out the stock though. It's down by 29 and a half % this morning at de cline of about ten dollars.

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