Business Maverick: Nikola Declines as Short Seller Accuses EV-Maker of ‘Deception’

  • 📰 dailymaverick
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 84%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Nikola Corp. shares fell as much as 13% after Hindenburg Research published a report accusing the startup electric-vehicle maker of “deception” and lying about its technology.

to manufacture and supply key components for Nikola’s debut electric pickup, called the Badger. The Detroit giant also will provide fuel-cell and battery technology for Nikola’s semi trucks, which are due to be built at a factory under construction in Coolidge, Arizona.

GM didn’t put any cash into Nikola — it will simply license technology to the company and manufacture its product. But allegations about Nikola could cast a pall over the deal and become a black eye for GM, whose shares fell as much as 4.7% on Thursday.In response to Hindenburg’s claims, GM expressed confidence in Nikola’s ability to create value. “We stand by the statements we made in announcing the relationship,” spokesman Jim Cain said in an email.

CNH Industrial NV’s Iveco unit held a 6.7% stake in Nikola as of June 3 and has an agreement to build one of Nikola’s battery-electric semis at a facility in Germany. CNH shares fell as much as 3.2% during European trading hours on Thursday. The company didn’t immediately reply to a request for comment.called out companies including SCWorx Corp. and Predictive Technology Group for making claims tied to the coronavirus. Trading in both companies’ shares was later temporarily suspended by the U.S.

 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Business Maverick: SA’s Coronavirus Own GoalBlunders with Paul Theron from Vestact (expletive warning!)
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Super Rich Get Richer on Ant After Striking Early Deals With Jack MaJack Ma’s Ant Group is creating a new group of super-wealthy people in China while also giving a boost to some older fortunes globally.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Elon Musk Loses Record $16.3 Billion With Wild Wealth SwingsElon Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the Tesla Inc. rout continued.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: Apple Design Teams Develop Special Face Masks for EmployeesApple Inc. has developed two types of masks that the company is beginning to distribute to corporate and retail employees to limit the spread of Covid-19.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »

Business Maverick: South Africa Readying Economic Reboot Plan, Ramaphosa SaysSouth African President Cyril Ramaphosa said consensus is emerging on a plan to revive an economy mired in the worst recession since 1992.
Herkunft: dailymaverick - 🏆 3. / 84 Weiterlesen »