Nikola Confronts Future With Founder Exit, Stock Plunge

The video discusses Trevor Milton's resignation from Nikola, aiming to shift focus back to the company's clean energy goals. GM remains committed to its stake in Nikola, with Steve Girsky taking over as chairman. The focus is on execution and credibility recovery. The video also covers expectations for Tesla's Battery Day, highlighting Elon Musk's focus on affordability and production challenges.

What was the main reason for Trevor's resignation from Nikola?

• To focus on personal projects

• To shift attention back to Nikola's goals

• Due to health issues

• To join a competitor

Who took over as chairman of the board at Nikola after Trevor's resignation?

• Elon Musk

• Steve Girsky

• Kim Brady

• Mark Russell

What is a major challenge Nikola faces according to Wall Street analysts?

• High production costs

• Lack of innovation

• Competition from Tesla

• Credibility and securing partnerships

What is the primary focus of Tesla's Battery Day announcements?

• Partnerships with other companies

• New vehicle models

• Affordability of electric vehicles

• Expansion into new markets

What percentage of manufacturing costs does the battery pack represent in an EV, according to the transcript?

• 10 to 20%

• 50 to 60%

• 25 to 40%

• 70 to 80%