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Nikola stock falls 30% after Executive Chairman Trevor steps down
short by Aishwarya / on Tuesday, 22 September, 2020
US electric truck maker Nikola's stock plunged as much as 30% on September 21 after its Founder, Trevor Milton, voluntarily stepped down as the Executive Chairman. Currently, Nikola is trading at $27.58 per share. Shares of General Motors, which earlier announced taking an 11% stake in Nikola worth about $2 billion, lost over 6%.
read more at TechCrunch