SEC probing Nikola Motors over short-seller claims of fraud - Business Insider

Nikola had inked a $2 billion deal with General Motors just days before the report, sending its market value soaring more than 40%.

"On September 11, Nikola's legal counsel proactively contacted and briefed the U.S. Securities and Exchange Commission regarding Nikola's concerns pertaining to the Hindenburg report. Nikola welcomes the SEC's involvement in this matter," a spokesperson for the company told Business Insider.

Hindenburg's report also claimed that Nikola had staged an "elaborate" deception by rolling one of its prototype Nikola One trucks down a hill for a promotional video, which it said misled investors about the capabilities of the vehicle.that sent its market value soaring more than 40%, caused its stock price to drop as much as 25%.

At the time, a Nikola spokesperson said the report was "filled with misinformation" designed to benefit Hindenburg's short bet, while Milton called it a "hit job" while promising a more detailed response to the allegations.On Monday morning, Nikola issued the promised response in a , while admitting that it did roll a truck down a hill for the promo video but maintaining it never claimed the vehicle was operating under its own power.Get your weekly recap of all things electric vehicles, airlines, and more. Sign up for our Shifting Gears newsletter now.

How to Lie Your Way to $34 Billion [Nikola Motors Fraud] via YouTube

Nikola Motors Fraud Claims Explained | Trevor Milton Resigned | Trading ... via YouTube

Hopefully the SEC do their job and take action against this fraudulent company, hope anyone with money in NKLA gets it out soon, chances are they will halt the stock and when it opens again...crash!

The SEC Is probing short seller about Nikola not the contrary.

The rolling of the Nikola truck down a hill and lying to investors and customers that its running on H2, will go down in history, as the 'Milli Vanilli' moment for the auto industry. $NKLA

😬🚘🚗🚐🚙🛢️⛽🏍️

MotorSkeptic What a NikolaNightmare

Why cant Trevor settle with the SEC like elon did for a measly 20M?

Was Nikola formed after Tesla? This seems like a lazy name copy

OpenLearning=ASX$OLL Half year results🚀🚀🚀

Look at the current chart's for OpenLearning=ASX$OLL you should see that the bulls roared bullish yesterday for OLL. OpenLearning has broken out into a new higher trend and looks to be going 🚀🚀

Motley fool article on OpenLearning=ASX$OLL🚀🚀

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

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

Inside the real reasons behind Mike Corbat's early retirement - 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. They said the same about MLK,slavery,segregation,share cropping ,under paid blacks ,systemic racism but praise white nationalists terrorists who walks the streets with guns.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Inside the life of an Uber driver in NYC during COVID-19 - 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.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

YouTube launches beta test of TikTok competitor Shorts - 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. Check out my Gig on Fiverr: Do You Want To create 3d Amazing Video Intro Logo Animation Video In $5 ? Contact Me : LogoAnimation MadeOnFiverr Top Logo Animation Best Logo Animation Earn $3,000 working from home without sending money to anyone through forex trading Type INFO or INBOX ME American copycats are at it again lol
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »

Arm says acquisition by Nvidia won't expose it to US probes - 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. The US is determined to control every important foreign Tech company from Arm to TikTok
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »