Stephen Girsky

Nikola shares plummet 26% as electric truck maker names 4th CEO in 4 years

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Nikola shares plummet 26% as electric truck maker names 4th CEO in 4 years

Nikola lost more than a quarter of its market value on Friday after the U.S. electric truck maker named its fourth CEO in as many years and reiterated for the third time this year its doubts about continuing as a going concern. The news came a day after shareholders approved a plan to issue more … Read more

Nikola founder Trevor Milton resigns as chairman amid allegations, SEC probe

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Nikola founder Trevor Milton resigns as chairman amid allegations, SEC probe

Washington: The founder and executive chairman of embattled zero-emission truck maker Nikola has resigned, the company announced on Sunday, after allegations of fraud which sparked a stock tumble and a regulatory investigation. The Phoenix-based company said in a statement that it had accepted Trevor Milton’s resignation and that he would be replaced by Stephen Girsky, … Read more