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Nikola, Wall Street star, accused of deception

2020-09-21T18:20:05.355Z


The CEO and founder of the US manufacturer of hydrogen trucks has resigned.Nikola, the American manufacturer of zero emission trucks, is it a big hoax? Accused of fraud and lies by the investment company Hindenburg Research in a report in the form of indictment, the leaders of the company founded five years ago announced on Sunday the resignation of founder and CEO Trevor Milton. The Securities and Exchange Commission (SEC) and the Department of Justice have even launche


Nikola, the American manufacturer of zero emission trucks, is it a big hoax?

Accused of fraud and lies by the investment company Hindenburg Research in a report in the form of indictment, the leaders of the company founded five years ago announced on Sunday the resignation of founder and CEO Trevor Milton.

The Securities and Exchange Commission (SEC) and the Department of Justice have even launched an investigation into a possible deception.

The Wall Street star, whose price soared in June and early July, plunged 26% at the opening Monday.

In June, its valuation had exceeded 30 billion dollars, higher than that of Ford and twice that of Fiat-Chrysler.

It had jumped again on September 8, when General Motors announced that it was taking 11% of Nikola's capital and would supply it with its electric batteries.

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The

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Source: lefigaro

All business articles on 2020-09-21

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