A Nikola Corp. NKLA 4.35% govt defended the electric-truck agency’s know-how and marketing strategy, telling an investor convention that its companions are sticking with the startup regardless of the departure on Monday of its high-profile founder and chairman.
“Nothing has modified,” Kim Brady, Nikola’s chief monetary officer, advised traders throughout a digital convention hosted by Evercore ISI. “We advocate that traders actually concentrate on the long run and what we’ve delivered and what we’re going to ship.”
Nikola, a Phoenix-based startup with backing from General Motors Co., GM -1.97% Robert Bosch GmBH and different large names within the manufacturing sector, has come underneath scrutiny in current weeks following allegations it misled traders in regards to the progress of its know-how.
Nikola founder Trevor Milton stepped down from his role as executive chairman Sunday, saying he needed the main focus of the corporate to be on the enterprise, not him. He was changed by Stephen Girsky, a former GM govt and Nikola director who’s well-known within the auto business.