Nikola founder and chairman Trevor Milton resigns following fraud allegations – UPDATE

Update, 22 September: Nikola’s founder and chairman, Trevor Milton, has stepped down following the recent allegation of fraud levelled at his company. Former Vice Chairman of General Motors, Stephen Girsky, will replace him. “Focus should be on the company and its world-changing mission, not me,” Mr Milton said in an official statement. “I made the difficult decision to approach the Board and volunteer to step aside as Executive Chairman.”