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Nikola’s founder steps down from board as company faces fraud allegations

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Nikola founder and executive chairman Trevor Milton is stepping down from the company’s board of directors after allegations that the zero-emission vehicle start-up misled investors, the company announced on Sunday. Milton will be replaced by existing board member Stephen Girsky, a former vice chairman of GM, who will become Chairman of the Board. Bloomberg reports the company’s shares fell 22 percent in US pre-market trading.

“We remain committed to delivering on our objectives and creating value for our shareholders,” said Mark Russell, Nikola’s Chief Executive Officer.

The electric truck startup has been under intense scrutiny after a report claimed the company had engaged in “lies and deception.” On September 10th, shortly after GM announced it would be taking an 11 percent stake in Nikola, short-selling firm Hindenburg Research released a report titled “Nikola: How to Parlay An Ocean of Lies Into a Partnership With the Largest Auto OEM in America.” Hindenburg accused the company of exaggerating the progress of its technology, in particular claiming that the company had staged a video showing one of its trucks cruising down a hill.

Nikola called the report “false and defamatory” and said that it contained “dozens” of inaccurate statements. It did not dispute that it staged the video showing the truck as functional, however, but it said that it had described the truck as being “in motion” rather than “under its own propulsion.” It claimed that Hindenburg was attempting to use its report to negatively manipulate the market.

Milton published a statement on Twitter explaining his rationale and next moves. “The focus should be on the Company… not me,” he said. “I plan to defend myself against false allegations leveled against me by outside detractors” and would be “cheering from the sidelines” for the company.

Nevertheless, the Securities and Exchange Commission is reportedly examining the company, according to Bloomberg. The Financial Times reports that the US Department of Justice is also making inquiries.

Nikola went public on June 4th, and soon the company’s stock surged so high that the company was valued higher than Ford, Bloomberg notes. Originally founded back in 2015, its primary focus is on making zero-emission big rigs that use hydrogen fuel cell technology.

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Charge Your Phone Wirelessly With 50% off a Multifunctional LED Lamp

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Best Tech DealsBest Tech DealsThe best tech deals from around the web, updated daily.

White Wireless Charge Lamp | $18 | Amazon | Clip coupon + code ABC88699
Black Wireless Charger Lamp | $20 | Amazon | Promo code ABC88699

When you’re ready to turn in for the night, you don’t want to forget to charge your phone— especially if your mobile device doubles as your alarm clock.

With this wireless charger lamp, you can make this crucial step of your nightly routine even easier by just setting your phone on the wireless charging pad and… well, that’s all there is to it!

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Other functions include multiple lighting modes as well as a sleep timer option for auto shut-off of the light after 30 or 60 minutes.

This lamp can be yours in white for $18 if you clip the coupon on Amazon (it’s below the original $40 price) and add promo code ABC88699 at checkout.

You can snag the black version for $20 using the same code—no coupon though, sorry.

Don’t sleep on this deal! Who knows how long stock or the coupon code will last?

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Keep That Hotdish Hot With 65% Off a Luncia Casserole Carrier, Only $11 With Promo Code

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Luncia Double-Decker Dish Carrier | $11 | Amazon | Promo code SDDU9S7F

It has been a long time since the days we could safely have a potluck or other gatherings, but we have a fantastic deal perfect for once those times return. These double-decker Luncia dish carriers can be had for 65% off when you add promo code SDDU9S7F at checkout and clip the coupon on the site (it’s just below the price). These holders fit 9″x 13″ sized baking dishes.

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That means you can insulate and keep two dishes of food warm for only $11 instead of $30. What’s more, your Luncia carrier will arrive by Christmas if you order today as a Prime member.

Just add promo code SDDU9S7F and clip the 5% off coupon to bring the price down to $11 for the blue or the grey option.

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Grab this offer while it’s still around!


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Conquer Your Pup’s Dander and Fur With $700 Off a Cobalt or Charcoal Bobsweep PetHair Plus Robot Vacuum

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Best Home DealsBest Home DealsThe best home, kitchen, smart home, and automotive deals from around the web, updated daily.

Bobsweep PetHair Plus Robot Vacuum & Mop (Cobalt) | $200 | Best Buy

Bobsweep PetHair Plus Robot Vacuum & Mop (Charcoal) | $200 | Best Buy

Allergies can be bad enough as the seasons change. Don’t let pet hair and dander add to that by vacuuming it up early and often. That chore is easier said than done— unless you have a robot vacuum to do the work for you. This lovely bright cobalt Bobsweep PetHair Plus robot vacuum and mop, only $200 today at Best Buy seems like an ideal option. That’s a whopping $700 off, by the way.

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You can get the same deal for the charcoal version of the robot vac, too. This model is not only specially made for picking up pet hair, it self docks and charges when it’s finished with the work.

It also comes with a mop attachment, so it can take care of those kitchen floors for you as well. Grab it while it’s still available for this fantastic price!

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