Electric truck maker Nikola's founder Trevor Milton is stepping down — Transcript

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1. 0:01[Music]
2. 0:15trevor milton
3. 0:16issuing a letter last night to the
4. 0:18nikola board of directors
5. 0:20and uh putting it out on social media
6. 0:22which has been his main platform
7. 0:23in it he says i asked the board of
8. 0:25directors to let me step aside from my
9. 0:27roles as executive chairman
10. 0:29and a member of the nicola board of
11. 0:30directors the focus should be on the
12. 0:32company and its world-changing mission
13. 0:35not me i intend to defend myself against
14. 0:37false allegations
15. 0:38leveled against me by outside detractors
16. 0:46trevor milton who really was the driving
17. 0:48force behind nikola
18. 0:50from the moment that the company first
19. 0:52went public with the with the spac
20. 0:53within vecto
21. 0:55and the shock the stock exploded in may
22. 0:58uh
23. 0:58all the way through ten days ago and
24. 0:59that's when you had uh the research that
25. 1:02came out
26. 1:02uh that essentially was from a short
27. 1:04seller saying look we think a lot of
28. 1:06this doesn't add up and we think that
29. 1:07trevor milton at the
30. 1:08at the heart of this is inflating the
31. 1:11capabilities of what this company can do
32. 1:26[Music]
33. 1:52[Music]
34. 1:59[Music]
35. 2:16you