By Brian M. Reiser If you have been paying attention to the news on Nikola Corp. (Nasdaq: NKLA) and its stock, the news has been, well, not that great. While the stock’s fall from grace really started in June, it has been accelerating rapidly the last few weeks, and it’s been quite painful for shareholders.
The problems began when Trevor Milton, the company’s chairman, was accused of lying about Nikola’s product.
In other words, there are allegations of fraudulent conduct.
Originally, Nikola denied that there was any basis to the allegations and Milton seemed safe. But then just days later, Milton’s role as chairman of the firm …read more
