- Nikola Corp (NASDAQ:NKLA) has named current Nikola Motor President Michael Lohscheller as its next CEO.
- Nikola’s CEO and President Mark Russell will retire, effective January 1, 2023, and will remain a member of the Board.
- Lohscheller will assume Russell’s President title, join the Nikola Board immediately, and become CEO upon Russell’s retirement.
- Lohscheller joined as President of Nikola Motor in February 2022. Before Nikola, he was CEO of Opel.
- Price Action: NKLA shares are trading higher by 0.072% at $6.97 on the last check Wednesday.
Investor Sentiment Rises Following Fed Decision; Dow Jumps Over 500 Points
The CNN Money Fear and Greed index showed further improvement in overall market sentiment, as the index remained in the "Greed" zone on Wednesday.
