In a regulatory filing with the SEC, Nikola Corporation (Nasdaq: NKLA) has responded to a recent social media post by its former CEO, Trevor Milton, stating that it misstates the facts. According to the company, since Milton's departure in September 2020, Nikola's leadership team has operated transparently and with integrity in their business dealings, focusing on creating zero-emissions commercial transportation solutions. The company stated that it currently has battery-electric trucks on the road, and production of its hydrogen fuel cell electric truck is scheduled to begin next month.

Despite Milton's opposing votes on proposals, the company asserts that five out of six proposals have received the necessary votes for approval, demonstrating stockholder confidence in Nikola and its leadership.

However, Nikola claims that Milton is in direct violation of agreements made upon his separation from the company, where he agreed to vote in favor of board-nominated directors.

Nikola remains focused on its objectives while seeking appropriate legal remedies.

On Friday, $NKLA reached a high of $1.72 but closed at $1.19, experiencing a decline of 15.00%.

Jabil Inc. (NYSE: JBL), a global manufacturing solutions company, received positive assessments from both Raymond James and Credit Suisse. 

Raymond James maintained a Strong Buy rating and raised the price target from $100 to $120, while Credit Suisse maintained an Outperform rating and increased the price target from $110 to $125. 

On Friday, $JBL closed at $105.36, up $0.72 or 0.69%.  

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