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Nikola Confronts Future With Founder Exit, Stock Plunge

Sep.21 — Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman Trevor Milton. Bloomberg’s Ed Ludlow reports on “Bloomberg Technology.”

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Sep.21 — Nikola Corp. faces an uncertain future following the sudden departure of its founder and chairman Trevor Milton. Bloomberg’s Ed Ludlow reports on “Bloomberg Technology.”

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12 Comments

12 Comments

  1. Mondrayish

    September 21, 2020 at 10:55 pm

    A business plan and nothing else that’s worth a 10b market cap valuation? Gtfo here lol.

    • Stephen Jagiello

      September 22, 2020 at 12:03 am

      He gets to sell all his stock without restrictions now worth over a billion……scam of scams

    • Bohr

      September 22, 2020 at 1:19 am

      He merged with another company do your research b4 spewing out nonsense

  2. To Pi

    September 21, 2020 at 10:57 pm

    A dumpster fire of fraud….. Nikola = Theranos Trevor Milton = Elizabeth Holmes

    • Zoltán Kárpát

      September 21, 2020 at 11:29 pm

      They could have made a working prototype for a couple million dollars. And if the guy kept his mouth shut, Iveco would have started production in about 1 year from now and everyone would have been happy… stock rising and all that good stuff …

  3. John D.

    September 21, 2020 at 11:14 pm

    Wouldn’t a change of ceo be a sign that the company is changing? So now they’re going into a manufacturing business instead of a company looking for investors.

    • Mubashir Cheema

      September 22, 2020 at 12:30 am

      Nikola has no product and no technology. It is difficult to run a business when you have nothing of value to offer. Changing leadership doesn’t change that fact.

    • Mubashir Cheema

      September 22, 2020 at 12:32 am

      It’s a little but like saying that if bankrupt Theranos changed their CEO from Elizabeth Holmes to Sunny Balwani, they would all of a sudden become a viable company.

  4. Metacognition88

    September 21, 2020 at 11:17 pm

    Buy the dip. It’s going to be yuuuuge.

    • kvps27

      September 22, 2020 at 12:04 am

      lol… ok

    • All American Dream Chaser

      September 22, 2020 at 12:44 am

      Good luck

  5. All American Dream Chaser

    September 22, 2020 at 12:43 am

    The entire board of directors are BYU graduates. It all leads back to the Mormon Church.

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Anthropic filed for its long-awaited IPO, a landmark moment in an industry that is growing ever-hungrier for cash to power ahead. Ed Ludlow reports.
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