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

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Nikola was reportedly in talks with oil giant BP over a possible deal before allegations of fraud plunged the startup into chaos

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.

 

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