Nikola Denies Short Seller's Fraud Allegations


There's a nasty back and forth, taking place in public between a Wall Street short seller and an electric vehicle. Upstart. Nikola quickly responded to accusations from Hindenburg research. At the Phoenix, Arizona based startup is a fraud by saying in a statement that it was a hit job for a short sale profit driven by greed. Nikola goes on to say that it has nothing to hide and will refute the allegations and the firmest retained lawyers to look into potential legal recourse. Hindenburg accused Nikola founder and Sherman Trevor Milton. Of making false claims about the company's technology. Just days after Nikolas signed a partnership agreement with GM, in which Nikola will use G. M's battery technology for TV's Nikolas stock jumped on that news, but it's been hammered. Unhindered. Berg's allegations again today with Nikolas shares down by 15%

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