Electric-truck makers Nicola Corp and BP have been accused of misleading investors. P.L.C. Conversations between several potential partners, including, have stalled, people familiar with the matter said. The shock is the first external indication that the onset of controversy surrounding the report affects its ability to implement its business plan. …
Read More »Citron Research calls it ‘total fraud’ and Nikola sank another 18% as investors refuted the original short-selling report.
Trevor Milton, CEO and founder of Nicola. Ritter / Massimo Pinka Nikola’s stock fell as much as 18% after Citron Research followed Hindonburg Research on Friday, accusing Nik Tomaker of fraudulent activity. Extensive damage to the slide began after Hindonburg published a report on Thursday, which began after the report …
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