Nikola faces fraud allegations from short seller Hindenburg Research
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Yahoo Finance’s Alexis Keenan reports on the latest fraud allegations against Nikola. #Nikola #Nikolafraudallegations #Hindenburg Short seller Hindenburg Research has doubled down on allegations made last week that Nikola Motor Company (NKLA) spun an “ocean of lies,” calling the electric-truck startup’s response to the allegations a “tacit admission of securities fraud.” In a statement published Tuesday, Hindenburg rejected Nikola’s response to the claims, saying they failed to dispel doubts about a deceptive video that made it seem as if its Nikola One semi-truck were traveling under its own power at a high rate of speed. The short seller further criticized the company for purportedly answering just 10 of 53 questions […]