<p>US electric-truck maker Nikola Corp's founder and executive chairman Trevor Milton has stepped down, the company said on Sunday, as it battles allegations from a short-seller that it misled investors and automakers.<br /><br /><strong>Read | <a href="https://www.deccanherald.com/business/business-news/nikola-founder-trevor-milton-giving-first-50-employees-233-million-of-his-stock-878490.html" target="_blank">Nikola founder Trevor Milton giving first 50 employees $233 million of his stock</a></strong></p>.<p>Milton approached the board and proposed to voluntarily step aside, and Stephen Girsky has been named as chairman, effective immediately, the company said.</p>.<p>Short-seller Hindenburg Research alleged the company misled investors and large automakers over its technology in a scathing report that had sent Nikola's shares lower.</p>
<p>US electric-truck maker Nikola Corp's founder and executive chairman Trevor Milton has stepped down, the company said on Sunday, as it battles allegations from a short-seller that it misled investors and automakers.<br /><br /><strong>Read | <a href="https://www.deccanherald.com/business/business-news/nikola-founder-trevor-milton-giving-first-50-employees-233-million-of-his-stock-878490.html" target="_blank">Nikola founder Trevor Milton giving first 50 employees $233 million of his stock</a></strong></p>.<p>Milton approached the board and proposed to voluntarily step aside, and Stephen Girsky has been named as chairman, effective immediately, the company said.</p>.<p>Short-seller Hindenburg Research alleged the company misled investors and large automakers over its technology in a scathing report that had sent Nikola's shares lower.</p>