Nikola’s shares fall as SEC reportedly examines brief vendor’s fraud claims
Trevor Milton CEO of Nikola
Massimo Pinca | Reuters
The report, titled “Nikola: How one can Parlay An Ocean of Lies Right into a Partnership With the Largest Auto OEM in America,” was launched two days after the company announced a deal with General Motors that despatched each firms’ shares hovering. It characterised Nikola as an “intricate fraud constructed on dozens of lies” by Milton.
The SEC is reportedly taking a look at whether or not Nikola might have violated securities legal guidelines, based on Bloomberg.
The SEC routinely probes brief vendor claims. There isn’t any assure that the fee will launch a full investigation, however the report was sufficient…