Founder of GM electric truck partner quits amid allegations
Truck startup that's partnering with General Motors has resigned amid accusations of making false representation is about the company's technology. Shares in Arizona based Nikola lost over 19% of their value and trading Monday. While GM was off. Nearly 5% of the company said late Sunday that the founder and executive chair Trevor Milton was stepping aside. Investment fund. Hindenburg Research has accused the company of making false representation Sze about it's a vehicle and technology, and Nikola rejects that and has hired an attorney for potential legal action.