Post a Free Blog

Submit A Press Release

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Filter by Categories
Action
Animation
ATP Tour (ATP)
Auto Racing
Baseball
Basketball
Boxing
Breaking News
Business
Business
Business Newsletter
Call of Duty (CALLOFDUTY)
Canadian Football League (CFL)
Car
Celebrity
Champions Tour (CHAMP)
Comedy
CONCACAF
Counter Strike Global Offensive (CSGO)
Crime
Dark Comedy
Defense of the Ancients (DOTA)
Documentary and Foreign
Drama
eSports
European Tour (EPGA)
Fashion
FIFA
FIFA Women’s World Cup (WWC)
FIFA World Cup (FIFA)
Fighting
Football
Formula 1 (F1)
Fortnite
Golf
Health
Hockey
Horror
IndyCar Series (INDY)
International Friendly (FRIENDLY)
Kids & Family
League of Legends (LOL)
LPGA
Madden
Major League Baseball (MLB)
Mixed Martial Arts (MMA)
MLS
Movie and Music
Movie Trailers
Music
Mystery
NASCAR Cup Series (NAS)
National Basketball Association (NBA)
National Football League (NFL)
National Hockey League (NHL)
National Women's Soccer (NWSL)
NBA Development League (NBAGL)
NBA2K
NCAA Baseball (NCAABBL)
NCAA Basketball (NCAAB)
NCAA Football (NCAAF)
NCAA Hockey (NCAAH)
Olympic Mens (OLYHKYM)
Other
Other Sports
Overwatch
PGA
Politics
Premier League (PREM)
Romance
Sci-Fi
Science
Soccer
Sports
Sports
Technology
Tennis
Thriller
Truck Series (TRUCK)
True Crime
Ultimate Fighting Championship (UFC)
Uncategorized
US
Valorant
Western
Women’s National Basketball Association (WNBA)
Women’s NCAA Basketball (WNCAAB)
World
World Cup Qualifier (WORLDCUP)
WTA Tour (WTA)
Xfinity (XFT)
XFL
0
-- Advertisement --spot_img
HomeBreaking NewsNikola Founder Resigns. Stock Trouble on the Horizon?

Nikola Founder Resigns. Stock Trouble on the Horizon?

Add to Favorite
Added to Favorite

Trevor Milton stepped down as executive chairman. Milton has also resigned from the company’s board, Nikola said in a statement.

“The focus should be on the company and its world-changing mission, not me,” Milton said in a statement posted on Twitter. “I intend to defend myself against false accusations leveled against me by outside detractors.”

Nikola’s stock skyrocketed after the startup joined the Nasdaq through a reverse merger with a so-called “blank check” acquisition company in June. Shares dropped 35% in premarket trading on Monday.

The news could also spell trouble for General Motors  (NYSE:GM), which recently took an 11% stake in Nikola and said it would produce its marquee hydrogen fuel cell electric pickup truck called the Badger.

Image Credit : Nikolamotor

Subscribe to get Latest News Updates

Latest News

You may like more
more

JPMorgan’s 2025 Global Economic Outlook: Resilience Amid Risks

Introduction JPMorgan’s latest "2025 Global Economic Outlook" projects a resilient...

Trump’s Nominations Signal Market Volatility: Insights from Piper Sandler

Introduction Donald Trump’s latest political nominations are raising alarms among...

Stock Market Update: Dow Rebounds Despite Target’s Slump

Introduction The stock market experienced a volatile session but closed...

Nvidia’s Path to $4 Trillion Market Cap: Q3 Earnings Beat Sets Stage

Introduction Nvidia continues to redefine the tech landscape with another...