Nikola Motor positions itself in the global market

Nikola’s head office in Phoenix, Arizona, © Nikola
Nikola’s head office in Phoenix, Arizona, © Nikola

At first glance, the news seems to be negative. Nikola Motor has already stated it will settle with the US stock exchange regulatory agency, the SEC, for USD 125 million regarding the misdemeanors of its founder and former CEO, Trevor Milton. On the other hand, however, Nikola plans to claw back this money since Milton probably still owns at least a 10 percent stake in Nikola although he is likely to have sold some of his shares and transferred them to relatives. Nikola cannot simply seize these shares but perhaps it will freeze them until an agreement has been reached.

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