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Nikola’s shares fall after short-seller’s fraud claims reportedly under SEC lens

Nikola’s shares fall after short-seller’s fraud claims reportedly under SEC lens

Shares of electric truck maker Nikola tumbled after a media report said the US Securities and Exchange Commission is looking into a short-seller’s claims that the company misled investors. The short-seller reportedly claimed that Nikola founder Trevor Milton of made statements about its tech in order to boost the company and partner with auto companies. Recently, Nikola entered a deal with GM.

Chris
Chris
Eric Leija
Eric Leija 2 weeks

So a short seller talked trash about the company he is betting on will fail and "the people" listened? 🤡🌍

Freedom Nuggets
Freedom Nuggets 2 weeks

This story is a little more complicated than a page from a keyboard. I caught a bunch of video yesterday and this one covered a lot of the issues with the CEO and the company's tech (or lack thereof). https://youtu.be/aaaEy8MQOd8

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