Nikola shares rise after company reconfirms strategy following founder Trevor Milton’s resignation


Nikola Motor Company Two truck

Source: Nikola Motor Company

Nikola shares jumped by about 12% in morning trading after the embattled electric truck start-up reconfirmed its business plans and production targets following founder and former Executive Chairman Trevor Milton’s resignation last week.

The company said it “remains committed to achieving” a set of milestones previously outlined despite Milton’s exit amid claims of fraud involving the company that have reportedly led to investigations by the Securities and Exchange Commission and Department of Justice.

“With support from our business partners and suppliers, we are focused on executing on our strategic initiatives and laying the…


‘Significant correction in high flying stocks’ with Dem sweep

Previous article

These cities are at risk of a housing bubble as home prices inflate worldwide

Next article

You may also like

Leave a Reply

Notify of

More in Energy