Nikola Founder Trevor Milton resigns after allegations of fraud by short-seller
Image Credit: Shortpedia
Hydrogen truckmaker Nikola Corporation's founder Trevor Milton resigned as its executive chairman and board member after he was accused of misrepresenting the company's technology and capabilities, by an analyst with a short position in the company’s stock. “The focus should be on the Company and its world-changing mission, not me. I intend to defend myself against false allegations leveled against me," Milton tweeted.