Nikola founder Trevor Milton steps down as chairman – Roadshow

Nikola founder Trevor Milton

Milton is out.

Nikola

Nikola founder and executive chairman of the hydrogen-electric truck startup, Trevor Milton, announced he stepped down from his position effective immediately on Monday.

Milton's departure comes nearly two weeks after a bombshell report from financial analysis firm (and Nikola short seller) Hindenburg accused the startup of being an "intricate fraud."

This story is breaking and will be updated.

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