Nikola Founder Trevor Milton Resigns as Executive Chairman Amid Fraud Allegations


Nikola Corp. founder Trevor Milton is leaving the electric-truck maker amid allegations he misled investors, as concerns mounted about the startup darling that has attracted backing from some of the industry’s biggest names.

The company said Mr. Milton, who was the executive chairman, would be succeeded by Stephen Girsky, a former General Motors Co. executive who already sits on the truck company’s board.


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