Nikola

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Nikola rebuts fraud claims but acknowledges that its truck wasn't driving itself

Founder of Nikola, Trevor Milton speaks during presentation of its new full-electric and hydrogen fuel-cell battery trucks in partnership with CNH Industrial, at an event in Turin, Italy December 2, 2019. Massimo Pinca | Reuters Shares of Nikola recovered from early losses Monday as the electric vehicle start-up disputed fraud claims made last week by short-selling

nikola-shares-plunge-more-than-14%-amid-dispute-over-short-seller's-fraud-allegations

Nikola shares plunge more than 14% amid dispute over short seller's fraud allegations

Nikola shares tumbled more than 14% on Friday after the electric vehicle company denied fraud allegations made in a report by short-selling firm Hindenburg Research. Nikola said it is considering legal options, retaining Kirkland & Ellis, and that it plans to bring documents to the Security and Exchange Commission to rebut the report. The company’s CFO Kim

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