taco

@taco · a year ago

Electric trucking startup Nikola defends itself from short-seller fraud allegations https://www.wsj.com/articles/justice-department-probes-electric-truck-startup-nikola-over-claims-it-misled-investors-11600199462

https://www.wsj.com/articles/justice-department-probes-electric-truck-startup-nikola-over-claims-it-misled-investors-11600199462
Justice Department Probes Electric-Truck Startup Nikola Over Claims It Misled Investors

wsj.com

author

Ben Foldy

summary

The Justice Department has joined U.S. securities regulators in examining allegations that electric-truck startup Nikola misled investors by making exaggerated claims about its technology.