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Nikola’s Boardroom Showdown: Former Chairman Trevor Milton-Led Shareholder Group Slams CEO Girsky, Says “Our Nominations Still Stand”

Nikola Corporation faces a shareholder rebellion as M&M Residual is firm on its board nominations. Recently, Nikola had rejected the slate of five dissident nominees proposed by an entity controlled by former Executive Chairman Trevor Milton for election as directors.

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What’s Going On With EV-Maker Nikola Stock?

Last Wednesday, Baird analyst Ben Kallo initiated coverage on Nikola with an Outperform rating and announced a price target of $2. The analyst noted potential catalysts ahead for Nikola's EV truck and energy businesses in the form of manufacturing improvements, partnership announcements and hydrogen infrastructure build-out.

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