Reportedly Trevor Milton out of Nikola Motors effective immediately

Discussion in 'Wall St. News' started by Axon, Sep 21, 2020.

  1. Axon

    Axon

    Screenshot_20200921-004056_Chrome.jpg Screenshot_20200921-003758_Chrome.jpg Sources close to the embattled fuel cell truck manufacturer are reporting that founder Trevor Milton has resigned as Executive Chairman of Nikola Motors (NASDAQ: NKLA) and has departed the company effective immediately.

    He will remain as one of the company’s largest shareholders, but will not have a say in how the company is managed going forward. Sources tell FreightWaves that the decision was Milton’s, in an effort to protect the company and his investment. Milton owns approximately 82 million shares or 20% of the company, worth about $2.8 billion dollars.

    https://www.freightwaves.com/news/breaking-news-trevor-milton-out-of-nikola