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. …
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Rising cases in Europe and a number of geopolitical risks led to a sharp fall in U.S. stocks on Monday on the sale of risky assets on Wall Street. Dow Jones Industrial Average DJIA, -3.14% The pace for the fastest daily decline since April at the Factset data show stood …
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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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Text size The Canoo is aimed at young professionals interested in a subscription model. Courtesy Canoo Yet another company with electric cars is publicly traded through a purchase through a special purpose purchase company, or SPAC. This time it’s the Hennessy Capital Acquisition that buys Canoo. Canoo is a self-described …
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Text size Nikola also has plans to build driveways with long trainers and a pick-up truck. Courtesy Nikola Nikola shares fell Tuesday, following a 22% bounce on Monday following the announcement of an order for 2,500 battery-powered trucks from waste dumps Republic Services. Investors were hungry for treat of customers, …
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