Shares in Nikola Corporation, the maker of electric vehicles, sunk more than 10%, after the company decided to recall its battery-electric big rigs due to safety concerns. The Arizona-based company, which is backed by the founder of Tesla, Elon Musk, announced that it is recalling its battery-electric big rigs over safety concerns. Nikola said in… Continue reading Nikola shares tank after EV maker recalls its battery-electric big rigs
Category: nikola
Nikola CEO steps down, replaced by chairman
The board of electric truck maker Nikola Corporation has announced a major shakeup with the company’s CEO, Trevor Milton, stepping down and being replaced by Chairman Mark Russell. The move was announced by the board on Monday in a press release, amidst increased scrutiny of the company and its CEO’s past false claims about the… Continue reading Nikola CEO steps down, replaced by chairman