Nikola founder steps down amid fraud claim right after General Motors deal
DETROIT โ A couple of weeks ago, General Motors traded production capacity for $2 billion worth of Nikola stock. The fraud claim comes from the hedge fund, largely against 39-year-old Nikola founder Trevor Milton. On Sept. 8, he announced his deal with General Motors. The next day, the hedge fund made its claim, which brought the Securities and Exchange Commission into the situation. โWe acknowledge Trevor Miltonโs departure from Nikola and the decision of the Nikola board to move forward,โ General Motors officials said in a statement.