Tesla becomes most valuable automaker, worth more than GM, Ford, FCA combined. Tesla is now worth more than any automaker in the world as its stock price soars past $1,000 per share.
Nikola announced early Monday that founder Trevor Milton is voluntarily stepping down from his roles as executive chairman and a member of its board.
The electric truck company said the board accepted Milton’s resignation, adding that Stephen Girsky, former vice chairman of General Motors and a member of Nikola’s board, has been appointed chairman of the board, effective immediately.
A fool thinks himself to be wise, but a wise man knows himself to be a fool.
William Shakespeare
Nikola Motor reveals it received subpoenas from DOJ, SEC
Washington, DC (CNN)Nikola Motor Company, a manufacturer of electric and fuel cell trucks, announced in a regulatory filing Monday that it has received subpoenas from the Securities and Exchange Commission and the Department of Justice in connection to fraud allegations leveled at the company by a short-seller.
