• Sun. Sep 20th, 2020

Dimancherouge

Technology

Nikola Attacks ‘Opportunistic’ Hindenburg Note, Contacts SEC

Nikola Corp.  (NKLA) – Get Report extended its three-day slump Monday as it attempted to repair the damage to its share price following a research note last week that described the the electric truck group as a “an intricate fraud built on dozens of lies.”

Nikola said it has been vetted by some of the biggest names in the auto and industrial sector, including Germany’s Bosch and General Motors  (GM) – Get Report, which took an 11% stake in the group last week as part of a broader joint venture that will see the Detroit carmaker produce Nikola’s signature Badger truck.

Source Article