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“The news of Nikola’s Trevor Milton stepping down is bringing (CNH) stock down,” a Milan-based trader told Reuters.
CNH Industrial (NYSE:CNHI) owns 7.1% of Nikola Corp.’s share capital.
Nikola said on Sunday Milton was leaving as the company is battling allegations from a short-seller that it misled investors and automakers. The group rejected the accusations and threatened to take legal action.
