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Nikola founder resigns following SEC probe into electric truck business

Following a fraud accusation by a brief agency and potential probe by the US Securities Trade Fee (SEC), Nikola founder Trevor Milton is stepping down as government chairman. “Nikola is really in my blood and at all times will likely be, and the main focus must be on the Firm and its world-changing mission, not me,” Milton stated in a statement (by way of the Financial Times). “So I made the troublesome choice to strategy the Board and volunteer to step apart as Government Chairman.”

Former vice-chairman of Basic Motors and Nikola board member Stephen Girsky will take his place, the corporate stated. GM lately sealed a billion-dollar take care of Nikola to provide it with batteries, gasoline cells and different components. GM may also construct the “Badger” hydrogen-powered pickup truck for Nikola.

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PJ is the Digital Marketer & Founder of PJ Digital Marketing, has involved in this field from 2010 onwards. Also the owner of a few more sites in different fields.