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Nikola shares fall as short seller Hindenburg says company has made 'tacit admission' of securities fraud

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Nikola shares down in premarket as short seller reacts to company's rebuttal

Shares of electric-truck maker Nikola Corp.

fell 6% in premarket trade Tuesday, after a report that the Securities and Exchange Commission is looking into allegations made last week by short seller Hindenburg Research, which called the company an "intricate fraud." Nikola responded to some of the allegations made in Hindenburg's long report on the company on Monday, before Hindenburg responded by saying the response was a"tacit admission of securities fraud.

 

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