Nikola: New leadership revealed; founder Trevor Milton steps aside amidst scandal

Scandal-hit Nikola Corporation has announced the immediate departure of founder and executive Chairman Trevor Milton.

The Arizona-based company has come under fire since a high-profile ‘research report’ from Hindenburg Research made a series of extensive allegations against it on 10th September (2020).

Since then, Nikola’s shares have fallen more than 20% at the time of writing, and a growing list of organisations – including the US Department of Justice (DOJ) – are reportedly conducting their own investigations into the company.

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