Founder of truck maker Nikola resigns after fraud allegations

New York (AFP) – Shares of embattled auto startup Nikola tumbled again Monday following the sudden resignation of company founder Trevor Milton in the wake of fraud allegations. The Phoenix-based company said in a statement late Sunday it had accepted Milton’s resignation and he would be replaced immediately by Stephen Girsky, a Nikola board member and former vice-chairman at General Motors.The resignation of Milton, who served as executive chairman, was the latest twist in a heady two-week period that saw the company soar after scoring an alliance with GM, and then reel as it was hit by fraud…

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