The New Paper

September 21, 2020

Nikola founder resigns as executive chairman

Nikola founder Trevor Milton stepped down as executive chairman last night. The announcement comes amid an ongoing SEC probe that was reportedly opened after short-selling hedge fund Hindenburg Research accused the electric vehicle company of fraud. Nikola shares opened down 29% today on the news.

This story is from the September 21, 2020 edition of The New Paper – a clear, concise daily briefing that makes fact-first news easy to consume. Try it today.