Nikola Denies Short Seller's Fraud Allegations


And forth taking place in public between a Wall Street short seller, 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's got nothing to hide and will refute the allegations. And the firm has retained lawyers to look into potential legal recourse. Hindenburg accused Nikola founder and chairman Trevor Milton of making false claims about the company's technology just days after Nicolas signed a partnership agreement with GM. In which Nikola will use G. M's battery technology for TVs. Nikolas stock jumped on that news, but it's been hammered on Hindenburg allegations down another 8% this morning on the money Watch

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