Nikola talks with BP fell through after short-seller accusations: WSJ - Business Insider

However, allegations made by a short-seller earlier in September caused those talks to fizzle, including those with BP, the paper reported.Talks between Nikola and the oil giant BP fizzled as the electric-truck startup grapples with accusations of fraud that led to the departure of its founder and chairman,According to the paper, BP was one of several possible partners for Nikola's planned network of hydrogen-fueling stations, a key part of its pitch to investors.

Shares of Nikola have this week continued their rout following Hindenburg's September 10 allegations, all of which were disputed by Nikola despite admissions that some of the firm's points were true. The stock has now erased all of its gains since the company went public via a reverse merger in June.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Inside the last workshop making traditional Portuguese cowbells by hand - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

An inside look at aerial firefighting of raging West Coast wildfires - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Nikola's resigned founder Milton still owns a $2.6 billion stake - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. yikes
Source: BusinessInsider - 🏆 729. / 51 Read more »