Embattled startup: The shakeup comes less than two weeks after the Phoenix-based company found itself in the crosshairs of a sceptical short seller that issued a highly critical report. — Bloomberg
Phoenix (Arizona): Nikola Corp, the embattled electric-vehicle startup that recently partnered with General Motors Co, says its founder stepped down as executive chairman effective immediately, removing a target of critics but clouding Nikola’s future direction.
Trevor Milton, the social-media-savvy public face of the company he founded in 2014, was replaced by board member Stephen Girsky, whose title will be chairman, the company said in a statement late Sunday.
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